Residential Land In Ypsonas, Limassol

Description

Available nbsp;three adjoining pieces of land in Ypsonas area, Limassol.

The land has a total area of 8,363sqm and benefits from a road-frontage of c. 25m along its southwest border and c. 6m along its north east border.

The immediate area comprises of some scattered residential developments and undeveloped parcels of land.

The property falls within two planning zones:

- ,345sqm fall within residential planning zone Πα11, with a building density coefficient of 70%, coverage density coefficient of 70%, in 1 floor and a maximum height of 4m.

- ,018sqm fall within residential planning zone Kα10α, with a building density coefficient of 25%, coverage density coefficient of 20%, in 2 floor and a maximum height of 10m.

THE PRICE IS SUBJECT TO VAT.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Ypsonas, Cyprus
* Price: €550,000 Plus VAT
* VAT: Plus
* Loan Installment: €2,696

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: €550,000

Own Contribution (30%): €165,000

Loan Amount (70%): €385,000

Interest rate: 3.2%

Years of repayment: 15 years