Residential Land In Monagroulli, Limassol

Description

A very large residential land located in the beautiful village of Monagroulli which is only a 15 minutes from Limassol town centre.
Planning z ( Residential ), Density = 20%, Coverage = 20% , Floors = 2.
The land is flat and is a good investment for developers or someone wanting to build a large houses.
On the main road Monagroulli - Moni, just 10 min drive to the City Center.
The owner also has drawings for 10 houses.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Monagroulli, Cyprus
* Price: €700,000 Plus VAT
* VAT: Plus
* Date Available From: 20th June 2019
* 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