Project In Timi, Paphos

Description

The assets is an incomplete residential development, build on two adjacent plots in Timi. One out of two parcels (294) is a 50% share. It is located 450m from the community's center. The plots have a a total area of 1,954sqm and a road frontage of 45m. Within the asset there are residential developments with a total covered area of 820sqm. The residential developments are at various building stages with their internal areas ranging of 80sqm to 110sqm. The asset offers close proximity to amenities such as school, supermarkets, restaurants and cafes and easy accees to Paphos - Limassol highway. Paphos airport is 6km away.

Property Details
* For Sale
* Property Type: Project
* Property Label: Investment Property and Development Property
* Location: Paphos, Timi, Cyprus
* Internal Area: 820sqm
* Price: €590,000 Plus VAT
* VAT: Plus
* Loan Installment: €2,747

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: €560,500

Own Contribution (30%): €168,150

Loan Amount (70%): €392,350

Interest rate: 3.2%

Years of repayment: 15 years