Land In Pentakomo, Limassol
Description
Seafront property available in the lovely location of Governor's Beach. One of a few prime beachfront real estate properties available on the Island. Currently has a fully functional business but has plans for a Hotel and would be ideal for a residential complex. Enjoys a 50% building density factor, 25% coverage and 3 floors. Please call for further details.
Property Details
* For Sale
* Property Type: Land
* Property Label: Investment Property and Development Property
* Location: Limassol, Pentakomo, Cyprus
* Price: €9,000,000 Plus VAT
* VAT: Plus
* Loan Installment: €44,115
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: €9,000,000
Own Contribution (30%): €2,700,000
Loan Amount (70%): €6,300,000
Interest rate: 3.2%
Years of repayment: 15 years