Two Adjoining Rectangular Plots For Commercial Or Residential Use

Description

Two Plots of together giving a land size of 1457sqm, with 100% building density, 50% cover ratio and an allowance to build up to 3 floors with a height of 13,5 meters.
The plots can be used ideally for commercial purposes, to build offices, clinic, gym etc. The zone type right now is Residential but owners have applied to commercialise it. Plots can also be bought separately.

For further information and to arrange an appointment for viewing you can contact the agent.

Property Details
* For Sale
* Property Type: Plot
* Property Subtype: Residential, Commercial
* Location: Limassol, Kapsalos, Cyprus
* Price: €1,200,000 Plus VAT
* VAT: Plus
* Date Available From: 7th November 2019
* 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