Residential Land In Polis, Polis Chrysochou, Paphos

Description

Residential land in Polis Chrysochous, Paphos.

Residential land property ideal for investment. Total surface area is 8.362 square meters. The property is located within Polis Chrysochous which approximately is (a) 725 meters northeast of Polis historical core, (b) 200 meters northwest of Polis high-school premises, (c) 350 meters northeast of Polis government hospital and (d) 300 meters south from the sea.

The property has a 60 meters frontage on a registered public road, along its northwest boarder and maintains all utilities of electricity, water and telecommunication.

The said location, is classified by the local plan of Polis Chrysochous as a primary public road that shall run along the seafront and essentially connect Latsi area with the main road to Pomos and the wider area of Tylliria.

This Residential land, in its entirety falls within Town - Planning Zone Κα6 (residential zone) with building density of 90%, building coverage of 50%, in 2 floors and of height 10 meters.

It has an excellent accessibility to village center, as well as to the surrounding areas whereby all facilities and services are located. Has a relatively rectangular shape and smooth flat surface/level..

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Paphos, Polis Chrysochou, Cyprus
* Price: €1,200,000 Plus VAT
* VAT: Plus
* Loan Installment: €5,882

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: €1,200,000

Own Contribution (30%): €360,000

Loan Amount (70%): €840,000

Interest rate: 3.2%

Years of repayment: 15 years