The land is situated in the Ypsonas area of Limassol.
The building density is 80% and the coverage is 45% with 3 build-able floors.
The land is perfect for a development of apartment buildings.
The land may be subject to vat.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Ypsonas, Cyprus
* Price: €650,000
* VAT: N/A
* Date Available From: 24th December 2018
* Loan Installment: €3,186

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: €650,000

Own Contribution (30%): €195,000

Loan Amount (70%): €455,000

Interest rate: 3.2%

Years of repayment: 15 years