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Residential Land in Potamos germasogeias, Limassol


Potamos Germasogeias, Limassol

REF: L-103374
€14,700,000 Plus VAT
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Available
Property for Sale in Limassol, Potamos Germasogeias, Cyprus
Property for Sale in Limassol, Potamos Germasogeias, Cyprus

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Plot/land (sq.m.)
15279m2

Property Details

Property Details
  • For Sale
  • Property Type: Land
  • Property Subtype: Residential
  • Location: Limassol, Potamos Germasogeias, Cyprus
  • Price: €14,700,000 Plus VAT
  • VAT: Plus
  • Date Available From: 11th February 2020
  • Loan Installment: €65,985

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: €14,700,000
Own Contribution (35%): €5,145,000
Loan Amount (65%): €9,555,000
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Total No of Floors: 3
  • Plot/Land Size: 15279sqm
  • Reference: L-103374

Property Description

A fabulous residential land for any investor looking to construct his own cluster of residential complexes, in one of the most exclusive areas in Limassol.
Prime location and ready for new developments.
Two separate title deeds, the one has 7,611m² and the other 7,668m² both plots are next to each other.
The land comes under T1B which is a tourist zone, therefore the government give incentives allowing extra building density with extra floor allowance.
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Julie Papanicolaou

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Additional Details

Zone (ie. H2)
T1B
Zone type
Residential
Building density (%)
60
Coverage ratio (%)
25
Floor allowance
3
Title deed or under separation
title deed

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