Two plots of land selling together in Kato Polemidia:
522m2 Eb, this is a commercial plot of land, therefore cannot specify the building coefficient or building density or floors allowed. An application must be made for special permission if wishing to exceed 4 floors.

701m2 Ka6-90% building density and 50% coefficient allowing 3 floors with height 13.5 is at the rear end of the commercial plot.
Both plots have separate road access but join together.

An existing building is on the commercial plot therefore not VAT applicable.

Property Details
* For Sale
* Property Type: Plot
* Property Subtype: Residential, Commercial
* Property Label: Investment Property and Development Property
* Location: Limassol, Kato Polemidia, Cyprus
* Price: €700,000
* VAT: N/A
* Date Available From: 23rd March 2022
* Loan Installment: €3,431

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: €700,000

Own Contribution (30%): €210,000

Loan Amount (70%): €490,000

Interest rate: 3.2%

Years of repayment: 15 years