Land buy in Lempa Pafos

Residential land of 2.000sqm(re:total 3.178sqm) which lies in Ka10 zone with building density 30%,coverage ratio 20%,allowance of 2 floors with height 8.3m. The owner is selling part of the land i.e. 2.000 sq.m out of 3.178 sq.m and the cost of dividing the land will be additionally paid by the buyer. This property is located on a prime location, approximately 1.2 klm from Chloraka beach area, has an ordinary shape and level and has a direct access to public road network from its 3 out of 4 sides. It is great investment opportunity. Property Details * For Sale * Property Type: Land * Property Subtype: Residential * Property Label: Investment Property * Location: Paphos, Chlorakas, Cyprus * Price: €380,000 Plus VAT * VAT: Plus * Loan Installment: €1,863 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: €380,000 Own Contribution (30%): €114,000 Loan Amount (70%): €266,000 Interest rate: 3.2% Years of repayment: 15 years