Land buy in Zakaki Lemesos

This plot which is 1295sqm is now on market for sale. The plot is located near the port, in Omonoia one of the most central and well known areas of Limassol, The plot has cover ratio 50% with 100% building density, and allowance to build up to 4 floors, but many buildings next to it have license and build 5 floors. The plot also has mixed use commercial and residential. Suitable to build shops, offices and apartments. Great oportunity for investment. Asking price 1942000 euro. Property Details * For Sale * Property Type: Plot * Location: Limassol, Limassol, Cyprus * Price: €1,942,000 * VAT: N/A * Loan Installment: €9,519 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: €1,942,000 Own Contribution (30%): €582,600 Loan Amount (70%): €1,359,400 Interest rate: 3.2% Years of repayment: 15 years