Residential Land In Moniatis, Limassol

Description

Land of 6,188 sqm for sale in Saittas. The land is on the Saittas water dam which is full year round with great views of the pine forest mountain opposite. It has direct road access.

There is 30% building factor for 92% of the land so the owner can build up to 1,707 sqm or around 10 independent houses or a small hotel of up to 30 rooms.

The land has a gentle slope towards the water and is surrounded in both sides by luxury holiday homes.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Moniatis, Cyprus
* Price: €1,150,000
* VAT: N/A
* Date Available From: 14th December 2018
* Loan Installment: €5,637

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: €1,150,000

Own Contribution (30%): €345,000

Loan Amount (70%): €805,000

Interest rate: 3.2%

Years of repayment: 15 years