Land buy in Geroskipou Pafos

The land is located in the Geroskipou area of Paphos and is situated on the seafront. The land has unobstructed sea view and is perfect for a hotel as the land falls in a Tourist zone. Its very rare to find a piece of land of this size on the seafront. Property Details * For Sale * Property Type: Land * Property Subtype: Tourist * Location: Paphos, Geroskipou, Cyprus * Price: €25,000,000 * VAT: N/A * Date Available From: 10th January 2019 * Loan Installment: €122,542 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: €25,000,000 Own Contribution (30%): €7,500,000 Loan Amount (70%): €17,500,000 Interest rate: 3.2% Years of repayment: 15 years