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Tourist Land in Sotira Ammochostou, Famagusta


Sotira Ammochostou, Famagusta

REF: L-107721
€770,000 Plus VAT
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Available
Property for Sale in Famagusta, Sotira Ammochostou, Cyprus

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Plot/land (sq.m.)
6766m2

Property Details

Property Details
  • For Sale
  • Property Type: Land
  • Property Subtype: Tourist
  • Location: Famagusta, Sotira Ammochostou, Cyprus
  • Price: €770,000 Plus VAT
  • VAT: Plus
  • Loan Installment: €3,774

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: €770,000
Own Contribution (30%): €231,000
Loan Amount (70%): €539,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Plot/Land Size: 6766sqm
  • Reference: L-107721

Property Description

The asset is the whole share of a field in Sotira, in Famagusta. The asset is located approx. 330 metres north of the highly sought after Sotira sea front, 2.4Km from Ayia Napa Marina and 80 metres north of Nissi Avenue. The asset has an area of 6766sqm while it has an irregular shape and a flat surface. The asset is adjacent to a road on it north east side with c.90m road frontage. The asset is influenced by compulsory appropriation due to the road construction and the net area of asset after the road compulsory purchase is 6046sqm. The wider area is developed with holiday homes mainly as part of residential complexes.
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Additional Details

Zone (ie. H2)
Τ2β
Zone type
Tourist
Building density (%)
40
Coverage ratio (%)
20
Floor allowance
3
Title deed or under separation
title deed

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