Residential Land In Zakaki, Limassol
Description
The land is located next to the Limassol casino and is perfect for a development.
The land has a build factor of 40% and is in a residential zone.
There is huge development going on in the area at the moment, coinciding with the development of he casino and the Limassol mall.
Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Property Label: Investment Property and Development Property
* Location: Limassol, Zakaki, Cyprus
* Price: €30,000,000 Plus VAT
* VAT: Plus
* Date Available From: 18th January 2019
* Loan Installment: €147,051
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: €30,000,000
Own Contribution (30%): €9,000,000
Loan Amount (70%): €21,000,000
Interest rate: 3.2%
Years of repayment: 15 years
Price: $32,200,000
![Agent Photo](https://www.foxrealty.com.cy/assets/content/agents/2675/thumbs/1.jpg)