Residential Building In Agia Zoni, Limassol

Description

This is a great opportunity in the prime location of Agia Zoni behind Makarios Avenue.
The plot is very large and as the property which is in very good condition stands there is a large rear garden for parking cars or for landscaped garden with swimming pool.
The plot allows 4 storeys, therefore can also be developed into luxury apartments.
If this will be developed into apartments, there is no vat on the plot.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Property Label: Investment Property and Development Property
* Location: Limassol, Agia Zoni, Cyprus
* Internal Area: 350sqm
* Covered Verandas: 20sqm
* Price: €850,000
* VAT: N/A
* Date Available From: 19th November 2019
* Loan Installment: €4,166

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: €850,000

Own Contribution (30%): €255,000

Loan Amount (70%): €595,000

Interest rate: 3.2%

Years of repayment: 15 years