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Residential Land In Palodeia, Limassol
Description
The land is situated in Palodia village which is a 10 minute drive to Limassol.
77 % of the land is residential with a building density of 20%.
The remaining 23% has a density of 6%.
The land is perfect for a residential development of houses with approx 3500 m2 allowed to be built.
Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Property Label: Investment Property and Development Property
* Location: Limassol, Palodeia, Cyprus
* Price: €1,200,000 Plus VAT
* VAT: Plus
* Date Available From: 31st January 2019
* Loan Installment: €5,882
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: €1,200,000
Own Contribution (30%): €360,000
Loan Amount (70%): €840,000
Interest rate: 3.2%
Years of repayment: 15 years
Price: $1,350,000
Nicholas Neocleous Details
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