Mixed Used Land In Agia Marinouda, Paphos

Description

An exceptional and unique piece of Land of 47734m.sq located in Ayia Marinouda.
just a short drive from Paphos main town and nearby facilities and services.
With easy access to Paphos Airport and the motor way to Limassol and Paphos town.
The location of this property offers multipurpose opportunities to develop at your choice.
It falls in four different zones of mixed use, Κα8 54%, Βε3α 14%, Κα6α 0%,Γα4 32%.
First zone(Residential) has 60% B.D 35% C.R and 2 floors allowance with up to 10m height.
Second zone (industrial) has 50% B.D 60% C.R and 1 floor allowance with up to 5.5m height.
Third zone(residential) has 90% B.D 50% C.R and 2 floors allowance with up to 10m height.
Fourth zone(agricultural) has 10% B.D 10% C.R and 2 floors allowance with up to 7m height.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Mixed used
* Property Label: Investment Property and Development Property
* Location: Paphos, Agia Marinouda, Cyprus
* Price: €4,900,000
* VAT: N/A
* 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