Jord for Køb i Pyrgos, Larnaka

This amazing land which is front line, has been recommended for tourist zone by the municipality of Pentakomo. This means that it would be ideal for hotel, or other investment developments in the very near future. The beach front land is government owned and falls into the protective zone, therefore no property can be built in front and the further advantage is that no percentage of the plot 30,340 sqm will be eliminated as protective zone. An application can be made today for the development. Property Details * For Sale * Property Type: Land * Property Subtype: Agricultural * Location: Limassol, Pentakomo, Cyprus * Price: €6,800,000 * VAT: N/A * Loan Installment: €33,331 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: €6,800,000 Own Contribution (30%): €2,040,000 Loan Amount (70%): €4,760,000 Interest rate: 3.2% Years of repayment: 15 years