Residential Land In Potamos Germasogeias, Limassol

Description

A fabulous residential land for any investor looking to construct his own cluster of residential complexes, in one of the most exclusive areas in Limassol.
Prime location and ready for new developments.
Two separate title deeds, the one has 7,611m2 and the other 7,668m2 both plots are next to each other.
The land comes under T1B which is a tourist zone, therefore the government give incentives allowing extra building density with extra floor allowance.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Potamos Germasogeias, Cyprus
* Price: €13,000,000 Plus VAT
* VAT: Plus
* Date Available From: 11th February 2020
* Loan Installment: €63,722

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:

Assumptions:

Closing Price: €13,000,000

Own Contribution (30%): €3,900,000

Loan Amount (70%): €9,100,000

Interest rate: 3.2%

Years of repayment: 15 years