Land buy in Verengaria Lemesos

The plot is located in the sort after Marina area of Limassol, and is actually 2 plots of land with both a residential and commercial usage.The plot is a total of 643 m2 and is ideal for a building with a mixed use.The location is stunning and is a 2 minute walk to the Marina.Due to the redevelopment of the area, the values of land have increased in the area by 20% in the last year alone. The build factor is 140%. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential * Location: Limassol, Limassol, Cyprus * Price: €1,400,000 * VAT: N/A * Loan Installment: €6,862 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: €1,400,000 Own Contribution (30%): €420,000 Loan Amount (70%): €980,000 Interest rate: 3.2% Years of repayment: 15 years