Residential Plot In Agios Ioannis, Limassol, Limassol
Description
The plot is located in the sort after Marina area of Limassol, and is actually 2 plots of land with both a residential and commercial usage.The plot is a total of 643 m2 and is ideal for a building with a mixed use.The location is stunning and is a 2 minute walk to the Marina.Due to the redevelopment of the area, the values of land have increased in the area by 20% in the last year alone.
The build factor is 140%.
Property Details
* For Sale
* Property Type: Plot
* Property Subtype: Residential
* Location: Limassol, Limassol, Cyprus
* Price: €1,400,000
* VAT: N/A
* Loan Installment: €6,862
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: €1,400,000
Own Contribution (30%): €420,000
Loan Amount (70%): €980,000
Interest rate: 3.2%
Years of repayment: 15 years