Land buy in Limassol Lemesos

A unique plot of 882 square metre situated in the heart of Limassol\'s commercial business city center. A prime location just a few minutes walk to the old town and at a distance of 200 metres from the main shopping streets of Limassol. The asset has a geometric shape, positioned as a corner plot with 3 road access,a frontage of 17.5 metres and width of 50 metres. There is an old house on the plot therefore V.A.T is not applicable. The property falls within 2 Town Planning Zones: -449.82 square metre (51%) fall within planning zone ??7 with a building density coefficient of 160% and a coverage coefficient of 70%, over 3 floors and 10m height -432.18 square metre (49%) fall within planning zone ??3 with a building density coefficient of 160% and a coverage coefficient of 50%, over 5 floors and 20,5m height Property Details * For Sale * Property Type: Plot * Property Subtype: Commercial * Property Label: Investment Property and Development Property * Location: Limassol, Agia Zoni, Cyprus * Price: €1,600,000 * VAT: N/A * Date Available From: 3rd February 2021 * Loan Installment: €7,843 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: €1,600,000 Own Contribution (30%): €480,000 Loan Amount (70%): €1,120,000 Interest rate: 3.2% Years of repayment: 15 years