If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.
Loan Installment Calculations:
Closing Price: €4,000,000
Own Contribution (35%): €1,400,000
Loan Amount (65%): €2,600,000
Interest rate: 3.8%
Years of repayment: 15 years
This is a 13,378 sq.m. front beach land at an exclusive area of Polis Chrysochous and near Spa Resorts and Siakolas Limni Golf project. There is possibility for larger piece of land if request that is attached to this land. Have in mind that the motor way that will connect Pafos and Polis Chrysochous is at the final stage to begin construction. The building factor is 35% but with possibility for the new owner to apply to the Town planning Department and get approval for 15% additional on the existing building zone. The development that can be done at this status is for 2 large villas as there is an official passage to the land, but there is also a future possibility to continue a larger existing road next to the land, that will allow to the new owner to apply to build a large Hotel. The existing owner has plans and license to build a 511m2 villa and can be transferred to the new owner. This is flat area on the beach with great views of sea and the area of Akamas. For more detail information and to arrange a visit to the land, please contact me anytime.