Land buy in Limassol Lemesos

A FABULOUS PLOT FOR SALE IN PRIME LOCATION, WALKING DISTANCE TO ALL AMENITIES AND MAIN SHOPPING STREETS OF LIMASSOL. THERE ARE BUILDINGS ON THE PLOT THEREFORE NO VAT APPLICABLE. THE BUILDING IS ON 2 STOREYS AND IN GOOD CONDITION. 5 FLOORS CAN BE BUILT 160% BUILDING DENSITY, 50% COVERAGE, LARGE FRONTAL FACADE, COMMERCIAL ROAD, NEAR POLYCLINIC. Property Details * For Sale * Property Type: Plot * Property Label: Investment Property and Development Property * Location: Limassol, Agia Zoni, Cyprus * Price: €1,200,000 * VAT: N/A * Loan Installment: €5,882 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: €1,200,000 Own Contribution (30%): €360,000 Loan Amount (70%): €840,000 Interest rate: 3.2% Years of repayment: 15 years