Residential Land In Souni , Souni-zanakia, Limassol

Description

Now available, a residential plot in Souni . The area is 17,382 m2 and has a building density of 30% and building coverage of 20%. The plot benefits from having a flat surface lined with Fir trees and a sea view. Other benefits are that the land is connected to the electricity and water networks, and is serviced by asphalted roads on three sides.

The land is currently held in a Limited Company which is free of liabilities and has audited accounts which means that the plot is not subject to stamp duty tax or VAT upon being bought or transfer.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Souni-zanakia, Cyprus
* Price: €1,100,000
* VAT: N/A
* Loan Installment: €5,392

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: €1,100,000

Own Contribution (30%): €330,000

Loan Amount (70%): €770,000

Interest rate: 3.2%

Years of repayment: 15 years