Residential Land In Empa, Paphos

Description

This is a unique in size and location residential land at Emba, Paphos. It has a normal shape and level and is surrounded with residential developments.
It consists a unique opportunity for investment with a high return and is ideal for both local market and foreigners attributed both to the location and the very low price/sq.m of building density.

Emba, is a few minutes drive from Paphos City Center, Paphos Kings Avenue Mall, Kato Paphos Tourist Area, and is in walking distance to all amenties.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Property Label: Investment Property
* Location: Paphos, Empa, Cyprus
* Price: €900,000 Plus VAT
* VAT: Plus
* Loan Installment: €4,412

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: €900,000

Own Contribution (30%): €270,000

Loan Amount (70%): €630,000

Interest rate: 3.2%

Years of repayment: 15 years