Land buy in Germasogeia Lemesos
Excellent investment opportunity to own a big land in Limassol Germasoya tourist area with Approved Architects Plans to build a 5-floor building with 9-apartments. There is also the possibility to get a permit to build 3-villas each approximately 290m2. The land has 60% building density with 25% coverage ratio and is in tourist zone T1B. Please note that the owner is also interested in a barter deal with developers where the owner retain 400 square meters of the developed apartments. Call for the details and viewing, please. Property Details * For Sale * Property Type: Land * Location: Limassol, Germasogeia, Cyprus * Price: €1,559,000 Plus VAT * VAT: Plus * Date Available From: 10th November 2020 * Loan Installment: €7,642 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: €1,559,000 Own Contribution (30%): €467,700 Loan Amount (70%): €1,091,300 Interest rate: 3.2% Years of repayment: 15 years
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