Mixed Used Land In Empa, Paphos

Description

Land in a quiet and purely residential area in Empa Community in Paphos District.

The property has a regular shape and a level surface. It abuts onto a public registered road along its western and eastern boundary with total road frontage of 94 meters.

The property has very good access to all amenities and services of the community and to the beautiful beaches of the area.

In the property there are some metal frame structures that are economically obsolete. Note that the property is occupied.

It falls within the residential zone Kα8 (97%) with building density of 60%, within the Agricultural Zone Γα2 (1%), having building density coefficient 6% and within the Protected Zone Δα2 (2%) having building density coefficient 1%.

Partially subject to VAT

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Mixed used
* Location: Paphos, Empa, Cyprus
* Price: €850,000
* VAT: N/A
* Loan Installment: €4,166

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: €850,000

Own Contribution (30%): €255,000

Loan Amount (70%): €595,000

Interest rate: 3.2%

Years of repayment: 15 years