Land buy in Verengaria Lemesos

This plot of residential land is in the sought after location of central Limassol, some 250m metres from Makarios Avenue main shopping street and all amenities. The plot has an existing small house on it, which has shows on the title deed. A developer can either build a block of apartments: 120% building density and 50% coefficient, allowing 3 floors with a height of 13.5 metres. A purchaser may want to extend and or restructure the existing house which has ample space for 2 level detached property with large garden and swimming pool if required. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential * Location: Limassol, Limassol, Cyprus * Price: €285,000 * VAT: N/A * Loan Installment: €1,397 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: €285,000 Own Contribution (30%): €85,500 Loan Amount (70%): €199,500 Interest rate: 3.2% Years of repayment: 15 years