Land buy in Erimi Lemesos

The property is a residential plot that covers an area of 653sqm and is located in Erimi village, in Limassol. The irregular-shaped plot has a rather uneven surface but benefits from a road frontage. The plot is also covered by utility services (electricity, water and telecommunication). The immediate area has experienced significant levels of growth over the past few years driven by the division of land into plots and residential developments. Properties in the area of interest benefit from good accessibility to the Limassol city centre as well as the motorway. The plot falls within the Residential Planning Zone H3, with building density coefficient of 60%, coverage coefficient 35%, in 2 floors and 8.3 metres height. THE PRICE IS SUBJECT TO VAT. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential * Location: Limassol, Erimi, Cyprus * Price: €102,750 Plus VAT * VAT: Plus * Loan Installment: €504 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: €102,750 Own Contribution (30%): €30,825 Loan Amount (70%): €71,925 Interest rate: 3.2% Years of repayment: 15 years