Residential Land In Geroskipou, Paphos

Description

This residential plot of land is located on a prime location of Geroskipou Municipality. It is 5 minutes drive to Geroskipous' well-organized municipal beach facilities, 2 minutes from Geroskipou Municipality central square, 4 min drive to Geroskipou Municipal Beach and 5 minutes from Kato Paphos main Tourist area.

Its rectangle shape, building density of 40% and all other town-planning characteristics suggest for an investment opportunity(re:provided is developed) with a high return.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Paphos, Geroskipou, Cyprus
* Price: €1,600,000 Plus VAT
* VAT: Plus
* 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