For Sale 4 Bedroom Detached House In Kapsalos, Limassol

Description

Great corner plot on prime commercial road in central Limassol 50 metres from Makarios Avenue. The plot has a two road access and on the plot there are two houses, both renovated. The plot can be purchased for high rise building of commercial offices or apartments or mixed use. The houses both detached 3 bedroom with 1 bedroom guest house have been renovated. 140% building density and 50% coverage allowing 4 floors + basement. 17 metres height.

Property Details
* For Sale
* Property Type: House
* Property Subtype: Detached
* Property Label: Investment Property and Development Property
* Location: Limassol, Kapsalos, Cyprus
* Internal Area: 200sqm
* Covered Verandas: 20sqm
* Uncovered Verandas: 15sqm
* Bedrooms: 4
* Bathrooms: 3
* No of WCs: 4
* Price: €850,000
* VAT: N/A
* Loan Installment: €2,421

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: €850,000

Own Contribution (25%): €212,500

Loan Amount (75%): €637,500

Interest rate: 2.2%

Years of repayment: 30 years