Land buy in Pyrgos Larnaka

Seafront property available in the lovely location of Governor's Beach. One of a few prime beachfront real estate properties available on the Island. Currently has a fully functional business but has plans for a Hotel and would be ideal for a residential complex. Enjoys a 50% building density factor, 25% coverage and 3 floors. Please call for further details. Property Details * For Sale * Property Type: Land * Property Label: Investment Property and Development Property * Location: Limassol, Pentakomo, Cyprus * Price: €9,000,000 Plus VAT * VAT: Plus * Loan Installment: €44,115 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: €9,000,000 Own Contribution (30%): €2,700,000 Loan Amount (70%): €6,300,000 Interest rate: 3.2% Years of repayment: 15 years