Commercial Plot In Agia Zoni, Limassol

Description

A unique plot of 882 square metre situated in the heart of Limassol's commercial business city center.
A prime location just a few minutes walk to the old town and at a distance of 200 metres from the main shopping streets of Limassol.

The asset has a geometric shape, positioned as a corner plot with 3 road access,a frontage of 17.5 metres and width of 50 metres.
There is an old house on the plot therefore V.A.T is not applicable.

The property falls within 2 Town Planning Zones:

-449.82 square metre (51%) fall within planning zone Πα7 with a building density coefficient of 160% and a coverage coefficient of 70%, over 3 floors and 10m height

-432.18 square metre (49%) fall within planning zone Εβ3 with a building density coefficient of 160% and a coverage coefficient of 50%, over 5 floors and 20,5m height

Property Details
* For Sale
* Property Type: Plot
* Property Subtype: Commercial
* Property Label: Investment Property and Development Property
* Location: Limassol, Agia Zoni, Cyprus
* Price: €1,600,000
* VAT: N/A
* Date Available From: 3rd February 2021
* Loan Installment: €7,843

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: €1,600,000

Own Contribution (30%): €480,000

Loan Amount (70%): €1,120,000

Interest rate: 3.2%

Years of repayment: 15 years