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: €550,000 Own Contribution (30%): €165,000 Loan Amount (70%): €385,000 Interest rate: 3.2% Years of repayment: 15 years
Plot/Land Size: 6600sqm
This 6600 sq.m. of residential land is located at Kato Deftera, near Lapatsa area, 25-30 min by car from Nicosia. It is located on the main road Tseri - Deftera.
The property has a building license and all relevant licences for children's entertainment park of 1400 sq.m. with restaurant license with 150 seats as well. All studies from architect and civil engineer have been done.
The land has paid three-phase electricity 40 KNA, own water well and own road.
It is a very good option for a developer as well - could be combined with property L-97872 for dividing it into plots . The land has 60% building density, coverage ratio 35% with allowance of 2 floors up to 8,3 m height.