Available residential land located in the Agia Paraskevi area in Yermasogeia village, in Limassol.

The area available is 2.691 sqm (out of 11.037 sqm), which is indicated by the distribution agreement which is in place. The net area of this section is circa 2.074 sqm as 617 sqm was used for the development of the road network, which generated road frontage of 100m.

The land offers attractive distant sea views and sits higher than the road surface. It is not covered by the utility services (waters, electricity and telecommunications).

The immediate area consists of touristic and residential developments as well as unutilised parcels of land.

Properties in this area benefit from easy access to the city centre and other neighbouring areas.

The land falls within the Residential Planning Zone Kα6 with a building density coefficient of 90% and a coverage coefficient of 50%, over 3 floors and 13,5m maximum height.

Call us for more information and a viewing.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Germasogeia, Cyprus
* Price: €483,000 Plus VAT
* VAT: Plus
* Loan Installment: €2,368

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: €483,000

Own Contribution (30%): €144,900

Loan Amount (70%): €338,100

Interest rate: 3.2%

Years of repayment: 15 years