Villas With Touristic Plot Of Land For Sale

Description

Two Villas build within touristic land of total 9770sqm located in Prodromi with easy access to main road

Unobstructed sea view
Zone:T6a1
Zone type: Touristic
BD: 20%
CR: 15%
FL.No: 2

Land has existing 2 identical 3 bedroom fully furnished and equipped villas with private swimming pool each of 37sqm

There is currently a contract with companies and income of rent for 8 months comes to €19000.00 for each property.

This is an excellent opportunity for investment with provision - plan to expand your business.

Property Details
* For Sale
* Property Type: House
* Property Subtype: Detached
* Property Label: Investment Property and Development Property
* Location: Paphos, Polis Chrysochou, Cyprus
* Internal Area: 135sqm
* Covered Verandas: 28sqm
* Bedrooms: 3
* Bathrooms: 2
* No of WCs: 2
* Price: €1,200,000
* VAT: N/A
* Loan Installment: €3,417

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: €1,200,000

Own Contribution (25%): €300,000

Loan Amount (75%): €900,000

Interest rate: 2.2%

Years of repayment: 30 years