Land In Geroskipou, Paphos

Description

Land of 17392sqm for Sale in Geroskipou!Located 1200m north-east of Paphos and 300m from motorway.
The property could be characterized as unique in its kind due to the rapid construction development in the area.
Falling in 2 zones Ka9(residential) 74%,(12870.8sqm) and 26% in Da2 zone(4521,92sqm).
Ka6 residential zone has building density 40% with coverage of 25% and allowance of 2 floors with 10m height.
Da2 zone has building density 1% with coverage 1% and allowance of single floor with 5m height.
Ideal property not to miss as investment , open to offers!

Property Details
* For Sale
* Property Type: Land
* Property Label: Investment Property
* Location: Paphos, Geroskipou, Cyprus
* Price: €2,000,000 Plus VAT
* VAT: Plus
* Loan Installment: €9,803

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: €2,000,000

Own Contribution (30%): €600,000

Loan Amount (70%): €1,400,000

Interest rate: 3.2%

Years of repayment: 15 years