The plot is located in Katholiki area one of the most commercial areas near many shops,university and amenities.The plot has an area of 521sq.m with the building density is 160% ,70% cover ratio and allowance to build up to 3 floors. The plot also come with a planning permit of a building with 24 studios and 8 lofts.

Property Details
* For Sale
* Property Type: Plot
* Location: Limassol, Katholiki, Cyprus
* Price: €1,500,000 Plus VAT
* VAT: Plus
* Date Available From: 25th August 2020
* Loan Installment: €7,353

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: €1,500,000

Own Contribution (30%): €450,000

Loan Amount (70%): €1,050,000

Interest rate: 3.2%

Years of repayment: 15 years