Residential Land In Agia Filaxi, Agia Fylaxis, Limassol

Description

The property consists of four adjacent residential pieces of land in Agia Fylaxis, Limassol. They are located 860m of Agia Fylaxis center and offers easy access to Limassol City Centre and the main highway, heading both to Nicosia and Paphos.
It has an area of 40,470sqm and 60% building density. The area is characterised by the tranquillity and peacefulness of a quiet residential area of Limassol while being close to all amenities. The immediate area consists mainly of residential developments. The asset is ideal for the development of luxury villas and/or maisonettes.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Agia Fylaxis, Cyprus
* Price: €2,450,000 Plus VAT
* VAT: Plus
* Loan Installment: €12,009

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: €2,450,000

Own Contribution (30%): €735,000

Loan Amount (70%): €1,715,000

Interest rate: 3.2%

Years of repayment: 15 years