Project In Agios Athanasios, Limassol

Description

Currently in Sfalaggiotissa / Ayios Athanassios there is not such pieces of land for sale. This is why it makes the land unique The development of specific area in Sfalagiotissa starts now as German Oncology centre and Folleys has been created. The land is next to German Oncology Centre.

Serious Investor for a plot of land in 'special zones' on an elevated position overlooking the whole of Limassol at Sfalagiotissa area in Agios Athanasios.

The land is in a special zone where any of the following project can be constructed : Theme Park / Hotel / School / University / College / Clinic / Hospital / Sanitary Facilities / Any medical facilities / Athletic Centre / Stadiums / Research & Development Centre etc:.

It is very rare to find land for sale in special zones. The largest the land is, the higher is the building density always depending from the project that will be constructed. The largest the land is the higher is its value.

The land is 49,500 square meters with potential of an additional 28,450 square meters at an extra cost of six and a half million, totaling to 77,950 square meters. The land is situated next to the new German Oncological Centre at Ayios Athanassios area in Limassol and few minutes away from the highway. It enjoys one of the most breathtaking view of the whole of Limassol bay.

Information will be provided only to a serious party in person with the owner

Property Details
* For Sale
* Property Type: Project
* Location: Limassol, Agios Athanasios, Cyprus
* Price: €5,500,000
* VAT: N/A
* Loan Installment: €25,611

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: €5,225,000

Own Contribution (30%): €1,567,500

Loan Amount (70%): €3,657,500

Interest rate: 3.2%

Years of repayment: 15 years