Land In Zakaki, Limassol

Description

This is an amazing plot of land directly behind the Limassol Casino and the Mall. It is next to the new Golf course which will commence very soon. The building density is 40% and has a coverage of 25% allowing 2 floors of up to 10 metres at present, however in the process of change. There is an application for the change of building density which has unofficially been confirmed, due to the high demand of the area and the new high storey constructions taking place such as the Casino, the Hotel etc. There is a house on the plot therefore there is no VAT

Property Details
* For Sale
* Property Type: Land
* Location: Limassol, Zakaki, 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