Tourist Land In Drousia, Drouseia, Paphos

Description

It is a plot of land with almost trapezoidal shape, situated on a hill with unobstructed view to the Latsi harbour and the sea. The property has 67 meters frontage on a public asphalted road leading toy Droushia Village, north of the Droushia Heights Hotel. The property is level with very good development prospects. In the northern part, next to the property has been built a tourist complex of apartments.
Good opportunity to invest to a place of unique beauty backed with good return of investment in the following years.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Tourist
* Location: Paphos, Drouseia, Cyprus
* Price: €545,000 Plus VAT
* VAT: Plus
* Loan Installment: €2,671

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: €545,000

Own Contribution (30%): €163,500

Loan Amount (70%): €381,500

Interest rate: 3.2%

Years of repayment: 15 years