Residential Land In Kato Polemidia, Limassol

Description

Exceptional developmental land available in the Kato Polemidia area of Limassol. Just two minutes to Limassol General Hospital and ten minutes to the Casino. Easy access to the highway and the main arteries of Limassol. Ideal for apartment blocks or town houses. The area has a 60% building density, 35% coverage and an allowance of two floors. Please call for further information and a viewing.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Property Label: Investment Property and Development Property
* Location: Limassol, Kato Polemidia, Cyprus
* Price: €950,000 Plus VAT
* VAT: Plus
* Loan Installment: €4,657

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: €950,000

Own Contribution (30%): €285,000

Loan Amount (70%): €665,000

Interest rate: 3.2%

Years of repayment: 15 years