Land buy in Palodeia Lemesos

The land is situated in Palodia village which is a 10 minute drive to Limassol. 77 % of the land is residential with a building density of 20%. The remaining 23% has a density of 6%. The land is perfect for a residential development of houses with approx 3500 m2 allowed to be built. Property Details * For Sale * Property Type: Land * Property Subtype: Residential * Property Label: Investment Property and Development Property * Location: Limassol, Palodeia, Cyprus * Price: €1,200,000 Plus VAT * VAT: Plus * Date Available From: 31st January 2019 * Loan Installment: €5,882 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: €1,200,000 Own Contribution (30%): €360,000 Loan Amount (70%): €840,000 Interest rate: 3.2% Years of repayment: 15 years