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Land buy in Zakaki Lemesos
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
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