Project for Sale in Kato Polemidia, Limassol - B-121393

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Property for Sale in Limassol, Kato Polemidia, Cyprus

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Property Details

Property Details

For Sale
Property Type: Project
Location: Limassol, Kato Polemidia, Cyprus
Internal Area: 5306sqm
Price: €3,500,000 Plus VAT
VAT: Plus
Loan Installment: €16,298

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: €3,325,000
Own Contribution (30%): €997,500
Loan Amount (70%): €2,327,500
Interest rate: 3.2%
Years of repayment: 15 years

More Information

Status: Off-plan
Total No of Floors: 3
Plot/Land Size: 3715sqm
Reference: B-121393
Energy Efficiency Certificate: In Progress

Property Description

Available off plan commercial project in Kato Polemidia area of Limassol.
Plot size 3 715sqm, It has two zones, Commercial zone with 120% building density and Residential zone with 100% building density, coverage 50% and up to 3 floors building allowance.
There is a building permit and ready plans for a commercial building.
It consists of:
5,844 Sqm covered parking space (two underground levels) for 136 cars in the complex.
1,240 sqm uncovered parking space for 22 cars and electric car charger facilities, as well as parking for bicycles in the complex.
The internal office space is 4,376sqm, 785sqm for storage mechanical room, 145sqm covered cafeteria area and 986sqm roof garden for entertainment and other social events.
The price is for the land and the permission to start immediate construction.