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