Land In Agia Filaxi, Agia Fylaxis, Limassol

Description

Excellent investment opportunity to purchase land just 10 minutes to Limassol Town Centre and easy access to the highway. All amenities are within walking distance and both local and private schools are within close proximity. This land is ideal for a large development of houses and apartment buildings due to the high density factor and allowance of 3 floors. There is road access, electricity and water. Building density factor of 90%, building coverage 50%. Please call for further information and a site visit.

Property Details
* For Sale
* Property Type: Land
* Location: Limassol, Agia Fylaxis, Cyprus
* Price: €2,000,000 Plus VAT
* VAT: Plus
* Loan Installment: €9,803

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: €2,000,000

Own Contribution (30%): €600,000

Loan Amount (70%): €1,400,000

Interest rate: 3.2%

Years of repayment: 15 years