Land buy in Zakaki Lemesos

This plot which is 1295sqm with approved planning permit is now available on market for sale. The plot is located near the port of Omonoia, one of the most central and well known areas of Limassol, The plot has cover ratio 50% with 140% building density, and allowance to build up to 4 floors, but many buildings next to it have license and build 5 floors. The plot also has mixed use commercial and residential. Suitable to build shops, offices and apartments. Great opportunity for investment. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential, Commercial * Location: Limassol, Limassol, Cyprus * Price: €2,200,000 * VAT: N/A * Loan Installment: €10,784 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: €2,200,000 Own Contribution (30%): €660,000 Loan Amount (70%): €1,540,000 Interest rate: 3.2% Years of repayment: 15 years