Residential Land In Palodeia, Limassol

Description

Land in the quiet residential area of Palodeia. Uninterrupted mountain views can be enjoyed from the entire area. Ideal for development and investment purposes. Palodeia has long been a desirable residential area and just 20 minutes to the Town Centre. The land has 40% building density, 25% building coverage and an allowance of 2 floors. The land is served by a road, electricity and water and is close to amenities. This property may be subject to VAT. Please call us for an on-site viewing.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Palodeia, Cyprus
* Price: €1,000,000
* VAT: N/A
* Loan Installment: €4,902

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: €1,000,000

Own Contribution (30%): €300,000

Loan Amount (70%): €700,000

Interest rate: 3.2%

Years of repayment: 15 years