Tourist Land In Peyia, Pegeia, Paphos

Description

This unique square shape plot of land located in the tourist resort are of Pegia, Paphos, appeals to be a high return choice for a potential strategic investor in Paphos, Cyprus.

11.372 sq.m, building density: 45% + 20%( Cyprus Gvt Incentives for tourist investments), 20% coverage ratio, and flexible floor allowance so as to take advantage of the bonus building density, for erecting a luxury 4 star hotel.

Paphos, attracts the great majority of country's incoming tourism, more than 40%. Paphos district, enjoys islands' first place in absolute numbers of 5 and 4 star hotels due to the high quality of tourism attracted, attributed to the holiday resort and the spectacular countryside nearby characteristics.

Unique investment opportunity for buying strategically positioned land to erect a 4 star hotel in the cosmopolitan holiday resort tourist area of Pegia, Paphos.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Tourist
* Location: Paphos, Pegeia, Cyprus
* Price: €4,900,000 Plus VAT
* VAT: Plus
* Loan Installment: €24,018

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: €4,900,000

Own Contribution (30%): €1,470,000

Loan Amount (70%): €3,430,000

Interest rate: 3.2%

Years of repayment: 15 years