Land buy in Limassol Lemesos

This plot is in the sought after location of the Historical Town. Building density is 120%, Building coefficient is 70% allowing 2 floors with a height of 7 metres. There is a listed house on the plot therefore no VAT applicable. There is building density that has not been utilized. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential * Property Label: Investment Property and Development Property * Location: Limassol, Limassol, Cyprus * Internal Area: 212sqm * Price: €800,000 * VAT: N/A * Loan Installment: €3,921 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: €800,000 Own Contribution (30%): €240,000 Loan Amount (70%): €560,000 Interest rate: 3.2% Years of repayment: 15 years