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Commercial Plot in Agia zoni, Limassol


Agia Zoni, Limassol

REF: P-108990
€1,600,000
ENQUIRE NOW
Available
Property for Sale in Limassol, Agia Zoni, Cyprus
Property for Sale in Limassol, Agia Zoni, Cyprus
Property for Sale in Limassol, Agia Zoni, Cyprus
Property for Sale in Limassol, Agia Zoni, Cyprus
Property for Sale in Limassol, Agia Zoni, Cyprus
Property for Sale in Limassol, Agia Zoni, Cyprus
Property for Sale in Limassol, Agia Zoni, Cyprus
Property for Sale in Limassol, Agia Zoni, Cyprus

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Plot/land (sq.m.)
882m2

Property Details

Property Details
  • For Sale
  • Property Type: Plot
  • Property Subtype: Commercial
  • Property Label: Investment Property and Development Property
  • Location: Limassol, Agia Zoni, Cyprus
  • Price: €1,600,000
  • VAT: N/A
  • Date Available From: 3rd February 2021
  • Loan Installment: €7,182

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: €1,600,000
Own Contribution (35%): €560,000
Loan Amount (65%): €1,040,000
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Total No of Floors: 5
  • Plot/Land Size: 882sqm
  • Reference: P-108990

Property Description

A unique plot of 882 square metre situated in the heart of Limassol's commercial business city center.
A prime location just a few minutes walk to the old town and at a distance of 200 metres from the main shopping streets of Limassol.

The asset has a geometric shape, positioned as a corner plot with 3 road access,a frontage of 17.5 metres and width of 50 metres.
There is an old house on the plot therefore V.A.T is not applicable.

The property falls within 2 Town Planning Zones:

-449.82 square metre (51%) fall within planning zone Πα7 with a building density coefficient of 160% and a coverage coefficient of 70%, over 3 floors and 10m height

-432.18 square metre (49%) fall within planning zone Εβ3 with a building density coefficient of 160% and a coverage coefficient of 50%, over 5 floors and 20,5m height

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Additional Details

Zone (ie. H2)
Πα7-Εβ3
Zone type
Commercial
Building density (%)
160
Coverage ratio (%)
50-70
Floor allowance
5
Title deed or under separation
TITLE DEED
3 ROAD ACCESS
CAN BUILD 5 FLOORS
RECTANGULAR SHAPE
VAT NOT APPLICABLE

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