Land buy in Limassol Lemesos

Prime property available in a prominent area of Limassol. South of Makarios Avenue and walking distance to the Town Centre, the seafront is around 1.5kms. Currently there is a house on the plot but the Owners have plans for a building consisting of four floors with three one bedroom, six two bedroom and two three bedroom apartments. Should the new Owner be interested to use these plans, then the planning permission will be issued in a shorter time period. Building density factor is high at 140% with an allowance of four floors. Please contact us for a further presentation of the plans and a site visit. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential * Property Label: Investment Property and Development Property * Location: Limassol, Agia Zoni, Cyprus * Price: €600,000 * VAT: N/A * Loan Installment: €2,941 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: €600,000 Own Contribution (30%): €180,000 Loan Amount (70%): €420,000 Interest rate: 3.2% Years of repayment: 15 years