Land buy in Verengaria Lemesos

Nice, big, 628sqm plot, located in Kato Polemidia area, just 3 minutes from General Hospital and 5 minutes from My Mall and the new Casino Resort is now available. The plot which is entering a mixed use zone, commercial and residential, with 100% build density and 50% cover ratio, at the moment is allowed to build up to 3 floors but as the owner been informed from municipality it will be able to build up to 5 floors because of the level of the new road. Suitable for investment, to build offices or shops or complex of apartments. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential, Commercial * Location: Limassol, Kato Polemidia, Cyprus * Price: €750,000 * VAT: N/A * Loan Installment: €3,676 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: €750,000 Own Contribution (30%): €225,000 Loan Amount (70%): €525,000 Interest rate: 3.2% Years of repayment: 15 years