Land buy in Polis Pafos

Available for sale is 1/2 undivided share of a beachfront field which is approximate 1,171sqm. It is located in a seaside area of Pomos Community in Paphos district. The property abuts the beach along its northern boundary and it is located approximately 200 meters south from Pomos fishing Harbor. The property is situated near amenities and services while It also has direct access to the sea and to the neighboring Communities as well. The field has a regular shape, a leveled land surface and abuts onto registered road along its southern boundary with total frontage of approximate 18 meters. The property is subjected to compulsory acquisition of approximate 24sqm along it southern boundary. It is noted that within the property there are buildings that bares no economical value. The south part of the property (44%) falls within the Residential Zone H5, having a building density of 30% and the remaining north part (56%) falls within Protection Zone of the beach. It is worth noting that the property enjoys spectacular sea views. Property Details * For Sale * Property Type: Plot * Property Subtype: Residential * Property Label: Investment Property and Development Property * Location: Paphos, Pomos, Cyprus * Price: €140,000 * VAT: N/A * Loan Installment: €686 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: €140,000 Own Contribution (30%): €42,000 Loan Amount (70%): €98,000 Interest rate: 3.2% Years of repayment: 15 years