Residential Land In Katholiki, Limassol

Description

The property consists of five plots of land with a total area of 5.462m2 located in the Katholiki area of Limassol. The plot enjoys substantial frontage.The immediate surrounding area is mainly residential although the plots are mixed use . All plots are considered ready for development.Each plot can be developed individually or combined to form a unified development with an overall plot equal to 5,462, providing a permitted density of 7.647m2, although one could achieve a higher subject to conditions an additional floor level.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Katholiki, Cyprus
* Price: €3,500,000 Plus VAT
* VAT: Plus
* Loan Installment: €17,156

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: €3,500,000

Own Contribution (30%): €1,050,000

Loan Amount (70%): €2,450,000

Interest rate: 3.2%

Years of repayment: 15 years