Residential Land In Agia Paraskevi, Germasogeia, Limassol

Description

This lovely large plot of residential land is in the sought after location of Germasogiea ,Agia Paraskevi (Sfalatiotissa area below Foley's school). The land has a licensed house on therefore no VAT is applicable for this remarkable investment. The location is extremely popular not only for it's easy access, but also for the panoramic views furthermore the families whose children attending the Foley's school. Land in the area of this beauty, is very hard to find.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Property Label: Investment Property and Development Property
* Location: Limassol, Germasogeia, Cyprus
* Price: €5,000,000
* VAT: N/A
* Loan Installment: €24,508

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: €5,000,000

Own Contribution (30%): €1,500,000

Loan Amount (70%): €3,500,000

Interest rate: 3.2%

Years of repayment: 15 years