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Residential Land in Katholiki, Limassol

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Ref: L-80050
Asking Price
€3,500,000 Plus VAT
Loan Installment

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Available
Property for Sale in Limassol, Katholiki, Cyprus

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Property Details
  • For Sale
  • Property Type: Land
  • Property Subtype: Residential
  • Location: Limassol, Katholiki, Cyprus
  • Price: €3,500,000 Plus VAT
  • VAT: Plus
  • Loan Installment: €16,601

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: €3,500,000
Own Contribution (35%): €1,225,000
Loan Amount (65%): €2,275,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Plot/Land Size: 5462sqm
  • Reference: L-80050
Julie Papanicolaou
Mobile: (+357) 99475640

Limassol
Address: Limassol, Griva Digeni Office

The property consists of five plots of land with a total area of 5.462m² located in the Katholiki area of Limassol. The plot enjoys substantial frontage.

The immediate surrounding area is mainly residential although the plots are mixed use . All plots are considered ready for development.

Each plot can be developed individually or combined to form a unified development with an overall plot equal to 5,462, providing a permitted density of 7.647m², although one could achieve a higher subject to conditions an additional floor level.

The development plan provides for certain incentives for such large plots, adding building coefficient.

Plot sizes: 540m²,504m²,504m²,491m²,3423m² building density 140%-coverage 50%.

Attributes
Zone (ie. H2)
Ka3
Zone type
Commercial
Building density (%)
140
Coverage ratio (%)
50
Floor allowance
4
Title deed or under separation
Title deed
Property Features
MIXED USE
COMMERCIAL AND RESIDENTIAL
PERMITTING DENSITY OF 7647M²
INCENTIVES FOR LARGE PLOTS AND CAN ACHEIVE AN EXTRA FLOOR

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