The land is located in the Agios Tyconas area of Limassol and has a fantastic sea view.
The building density is 40% and has a coverage of 25%.
As the land is 16846 m2, the land is perfect for a large project with approximately 6600 m2 of buildable area.
The land is less than 100 m from the sea front.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Tourist
* Location: Limassol, Agios Tychon, Cyprus
* Price: €8,500,000 Plus VAT
* VAT: Plus
* Date Available From: 21st September 2018
* Loan Installment: €41,664

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: €8,500,000

Own Contribution (30%): €2,550,000

Loan Amount (70%): €5,950,000

Interest rate: 3.2%

Years of repayment: 15 years