Agricultural Land In Neo Chorio, Neo Chorio Pafou, Paphos

Description

This land comprises of 6 fields and a 14/15 share of a seventh field in Neo Chorio, Paphos.

It has an area of 187,319sqm (164,219sqm and 14/15 of 24,750sqm) and abuts a registered footpath along its south border. A distribution agreement is in place for the field with the shared ownership. Part of the asset falls within Natura 2000 area.

The immediate area comprises of agricultural and undeveloped parcels of land.

The land falls within two planning zones:

- 64,792sqm fall into agricultural planning zone Δα31 with 10% building density, 10% coverage, 1 floor and a maximum height of 5m.

-24,177sqm fall into protected planning zone Δα2 with 1% building density, 1% coverage, 1 floor and a maximum height of 5m.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Agricultural
* Location: Paphos, Neo Chorio Pafou, Cyprus
* Price: €1,200,000
* VAT: N/A
* Loan Installment: €5,882

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: €1,200,000

Own Contribution (30%): €360,000

Loan Amount (70%): €840,000

Interest rate: 3.2%

Years of repayment: 15 years