Plot In Zakaki, Limassol

Description

Two plots,both corner plots, one next to each other, 1080sqm, with building density 100% and cover ratio 50% up to 3 floors are now on market for sale. The two plot are located in Zakaki area exactly next to the new cazino. In the one plot there is a building inside, shop on the ground floor and a big house on the first floor. On the second one the owners already have a building license for a complex of apartments. Both of them are suitable for an investment, complex of apartments, as in the area there are no many empty big plots for that purposes. Someone can buy both plots or each one separate and build complex of apartments for sale or for rent. Asking price €900000.

Property Details
* For Sale
* Property Type: Plot
* Location: Limassol, Zakaki, Cyprus
* Price: €1,150,000
* VAT: N/A
* Loan Installment: €5,637

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: €1,150,000

Own Contribution (30%): €345,000

Loan Amount (70%): €805,000

Interest rate: 3.2%

Years of repayment: 15 years