Investment for Sale in Moniatis

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€3,200,000 EUR

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Ref 2273319 | Moniatis, Limassol | Property

Currency services provided by Excel Currencies 3,200,000 EUR  |  Approx.£2,755,520 GBP  |  Approx. US$3,424,640 USD
  • Type: Investment
  • Location: Moniatis
  • Province: Limassol
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

1. Project characteristics

Plot description:

The site covers an area of 73881 square meters in total, all falling within the planning zone of the Limassol District Council. After the division of the land there will be 44 building plots averaging 900m² in size.

The co-efficient in the area is 15%, cover percentage 10% ,2 storey-building and 8.30 meters height.

2. FINANCIAL PARAMETERS

* Selling revenue The present total selling revenue for the houses is expected to be in excess of €22 million.

* Price for the land Is estimated to be €3.2 million.

* Price for the division of the land into plots Is estimated to be €500,000.

* Cost of development The total construction cost of this development is expected to be around 6 million.

Sales € 22,000,000

Purchase of Land € 3,200,000

Division of Land € 500,000

Construction cost € 6,000,000

Expected profitability € 12.300,000 gross

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