Residential Plot In Panthea, Limassol

Description

A stunning very extensive residential plot of land,with absolute stunning sea views, located in the highly sought after high class suburb of Panthea and Ayias Filaxeos. Situated close to the Grammar School, and just a short 5 minute drive to Limassol centre and easy access to the highway, this fantastic plot of land offers the opportunity to construct either a variety of luxury villa's or licence to build a project consisting of three storey apartment blocks with its 80% building density and 45% coverage and a total huge area of 2272m2. The plot must be seen to be fully appreciated, its arguable one of Limassol's finest plots in terms of location.

Property Details
* For Sale
* Property Type: Plot
* Property Subtype: Residential
* Location: Limassol, Panthea, Cyprus
* Price: €1,500,000 Plus VAT
* VAT: Plus
* Loan Installment: €7,353

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: €1,500,000

Own Contribution (30%): €450,000

Loan Amount (70%): €1,050,000

Interest rate: 3.2%

Years of repayment: 15 years