Residential Land In Pissouri, Limassol

Description

Outstanding project under study in the charming seaside location of Pissouri. Perched high on a cliff, this amazing development will offer stunning views of the Mediterranean Sea. There are plans to build fifteen custom-designed villas, all with a distinct character and all overlooking the beautiful sea and mountain views. The land and area have been prepared for construction works to begin. Two leading first class golf resorts are in the vicinity as well as a host of leisure facilities including water sports, fine restaurants, five star Hotel and extreme water sports. The area boasts secluded picturesque coastline beaches making Pissouri a sought-after location. Only 30 minutes to Limassol and 30 minutes to Paphos. This development would be ideal for a Spa resort or Health and Wellness Retreat. Please call for a full presentation and on-site visit.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Pissouri, Cyprus
* Price: €10,300,000 Plus VAT
* VAT: Plus
* Loan Installment: €50,487

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: €10,300,000

Own Contribution (30%): €3,090,000

Loan Amount (70%): €7,210,000

Interest rate: 3.2%

Years of repayment: 15 years