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
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