Residential Plot In Timi, Paphos

Description

This plot is located in Timi, Paphos.

It has an area of 24,081sqm and benefits from c.117m sea frontage on its south border. It has a rather regular shape and a smooth flat surface and offers nice sea view. Part of the plot (c. 5,700sqm) falls within the beach protection zone while another part of the plot falls within Paphos Airport Public Safety Zone, which only permits limited uses. The plot is landlocked.

The immediate area comprises of agricultural and undeveloped parcels of land.

The property has the potential to be covered by all utility services (water, electricity and telecommunication).

The plot falls within planning zone T3γ:

-Hotels 25% building density, 20% coverage, 3 floors and a maximum height of 13,1m.

-Touristic village with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.

-Houses with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.

Property Details
* For Sale
* Property Type: Plot
* Property Subtype: Residential
* Location: Paphos, Timi, Cyprus
* Price: €831,000 Plus VAT
* VAT: Plus
* Loan Installment: €4,073

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: €831,000

Own Contribution (30%): €249,300

Loan Amount (70%): €581,700

Interest rate: 3.2%

Years of repayment: 15 years