Residential Plot In Prodromi, Paphos

Description

The property for sale is a residential field in the beautiful Municipality of Polis Chrysochous, in Paphos District. It is located in Prodromi area.

The property has a good shape and a flat topography, while it is only 50 meters from the nearest road, which makes it easy to gain access. It also has the right of way 3.65 meters wide.

if access is obtained this field will be an ideal investment opportunity for a property developer as it can be developed as single property or divided up into plots.

One of the most advantageous aspects of this property is the fact that it is located on a hill and has panoramic sea view.

Property Details
* For Sale
* Property Type: Plot
* Property Subtype: Residential
* Location: Paphos, Prodromi, Cyprus
* Price: €700,000 Plus VAT
* VAT: Plus
* Loan Installment: €3,431

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: €700,000

Own Contribution (30%): €210,000

Loan Amount (70%): €490,000

Interest rate: 3.2%

Years of repayment: 15 years