Residential Land In Agios Tychon, Limassol

Description

The 2 properties are adjacent to each other, they are held together and can be unified to form a single entity.

The land have an irregular shape and sloping surface towards the south. As a single property abuts onto a dirt road along its south boundary with total frontage of 26 meters.

It is an ideal investment opportunity for both a property developer and an individual.

It has to be noted that close to the property there is a residential development with deluxe houses. The property located on a hillside and has panoramic view to the surrounding area and to the sea from a distance.

The above price might be subject to VAT.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Agios Tychon, Cyprus
* Price: €510,000 Plus VAT
* VAT: Plus
* Loan Installment: €2,500

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: €510,000

Own Contribution (30%): €153,000

Loan Amount (70%): €357,000

Interest rate: 3.2%

Years of repayment: 15 years