Residential Land In Kissonerga, Paphos

Description

This plot of land that is located on a prime location of Kissonerga and has a border with the main avenue that connects Paphos airport- Paphos City with the famous beach of Coral Bay and Pegia resort area.
The main land development of the area is consisted of tourist villas and hotel units.

In addition to the above, is located in the broader coastal area that is planed by Cyprus Government to construct the Paphos' Marina, a fact that adds extra value and high return prospects to the entity that will decide to invest.

The plot has a rectangular shape and flat surface and can be developed with no further infrastructure works/costs involved.

Great Great Great opportunity for high investment return. Initial asking price is Euro 4 mln.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Paphos, Kissonerga, Cyprus
* Price: €4,000,000 Plus VAT
* VAT: Plus
* Loan Installment: €19,607

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: €4,000,000

Own Contribution (30%): €1,200,000

Loan Amount (70%): €2,800,000

Interest rate: 3.2%

Years of repayment: 15 years