Commercial Land In Tsiflikoudia, Limassol, Limassol

Description

Available two adjoining pieces of land in Tsiflikoudia area, Limassol.

The land has an area of 8,307sqm. It benefits from a road frontage.

The immediate area comprises of commercial and light industrial developments.

It falls within three planning zones:

-c 4,673sqm fall within Commercial Axis Category I Εβ4 with 140% building density, 50% coverage, 4 floors and a maximum height of 17m.

-c 578sqm fall within Commercial Axis Category III Εβ6 III with 100% building density, 50% coverage, 3 floors and a maximum height of 13.5m.

-c 3056sqm fall within Mixed Industrial Cat B & Economy Activity zone Βα4-ΒΕ2 with 90% building density, 60% coverage and 2 floors.

THE PRICE IS SUBJECT TO VAT.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Commercial
* Location: Limassol, Limassol, Cyprus
* Price: €7,900,000 Plus VAT
* VAT: Plus
* Loan Installment: €38,723

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: €7,900,000

Own Contribution (30%): €2,370,000

Loan Amount (70%): €5,530,000

Interest rate: 3.2%

Years of repayment: 15 years