Type: Apartment
Company: Property-Venture
Price: £ 190,600.00 Exchange rate used at date of posting

Fantastic oportunity to invest in one of the last remaining apartments in this small, ready-built, complex of sought-after, residences in a quiet neighbourhood of Limassol.Prices start at €223,000 (excl VAT) for a 2 bed. Gross yields of 3-4% or more for holiday lets achievable, among the highest in Cyprus.

City Centre Investment apartments-Limassol

Located in the heart of the sought after district of Tsirio in the cosmopolitan seaside city of Limassol, on the outskirts of Limassol. This city is a lively historical resort, a central location for all areas of Cyprus, beautiful beaches and a short drive to the countryside combined with the Mediterranean climate and an eclectic mix of entertainment makes this the perfect place for a new home or a holiday retreat.

St. George Residences’ apartments blend luxury and privacy with the excitement and variety of city life.
Ideal as permanent, retirement or holiday homes, the apartments are competitively priced for properties of such outstanding quality in such a prime location – offering considerable investment and rental opportunities.

Gross yields of 3-4% are achievable, at the top end of long term rental yields in Cyprus. Holiday Rental yields could be higher.

Limassol

The cosmopolitan beach resort of Limassol on the south coast of Cyprus is a year-round, city with an array of international companies based and running operations from it. Holiday-makers can spend time at the Lady’s Mile Beach whose golden sand and crystal clear waters are ideal for families. The medieval castle in the old town, the archaeological museum, the small zoo set in eucalyptus and pine forests, offer plenty for the sightseer. What's more the coastal restaurants and beach-side hotels offer fabulous facilities for wining and dining.

Limassol is part of the vanguard of a coastal revolution in Cyprus. The construction of a man-made island is something you might associate with Dubai, but with the aim of improving Cyprus' standing on the global tourism stage, the Mediterranean island of Cyprus is doing just that.

The Cypriot government intends to attract more upmarket visitors by granting planning permission to a total of four new marinas located in the island’s main resorts, Limassol being the grandest of them all and first to be built, the marina will complement its already existing port facilities. Construction of Limassol Marina has already started and is due to be completed, with its artificial island, by 2013 and will be able to accommodate “super yachts” (yachts that are over 35 metres long). This will provide a boost to the tourism industry and further enhance its first class infrastructure

St. George Residences

Is an attractive four-floor building, featuring 1, 2 and 3-bed apartments with spacious living areas and large, elegant verandas. All properties come complete with covered parking and individual storage rooms.

Embracing the very best of contemporary design, all apartments are finished to the highest standards throughout and uniquely crafted to exceed the expectations of the most discerning client – in keeping with this quality developer’s policy of creating exceptional developments.

There are just 3 apartments remaining in this new built and completed residence offering 17 individual apartments built to a contemporary architectural design. 

This 2 bed apartment is 79 sqm with a 21 sqm covered veranda. With VAT at 15% the price is €256,450

Key Benefits:
Offers considerable investment and rental opportunity, with a consistent demand from the local market

• Just a few minutes drive to the sea front (3 km) and the city centre
• A contemporary design, uniquely crafted to the highest standard
• Modern development offering privacy and security  in a peaceful residential area
• One and two bedroom apartments
• Offering spacious living areas with large elegant verandas
• Convenient location with easy access to both Larnaca (70km) and Paphos International Airports
• Motorway 500m away
• Attractive four-floor building with contemporary design.
• 17 apartments of 1, 2 & 3-bedrooms
• Adjacent to amenities and services.  
  

The price for each apartment includes:

• 1parking and 1 storeroom
• A/C units
• Provision for storage heaters 

Financing Options

Up to 70% of the price of the property can be financed through banking institutions in Cyprus in Euro and other currencies available. Details of Finance Schemes available upon request. info@property-venture.com Telephone +44 (0)1932 849536

Payment Terms

30% of contract value on signing the contract of sale

70% of contract value upon delivery. Available for immediate delivery

15% VAT to be added to the price

Special Finishes

Ground floor common entrance, common areas & staircases, will be marble

Apartment entrance hall, living and dining areas and kitchen will be marble

Bedrooms will have laminated parquet floor

Granite worktop in the kitchen, Kitchen cupboards

Bedroom wardrobes, doors will be imported from Italy

Residential Facilities

- Luxury entrance

- Covered parking and storerooms

- Landscaped communal areas

- Entrance door will be controlled with videophone

- Central satellite system

     

Local Price: €223,000 excl 15% VAT Original currency - used to convert to £
Property Build: New Build
Country: Cyprus
Cypriot town of: Limassol
Inland-Coastal: Coastal
Plot-Size: 112SqM
House Size: 79SqM
Livingrooms: 1
Bathrooms: 1
Bedrooms: 2
Home Features:

• Air Conditioning
• Heating
• Parking
• Marble Floors
• Hardwood Floors
• Modern Style
• Balcony/Terrace
• Security System

Community Features:

• Trains
• Shops
• Restaurants
• Shopping Centre
• Medical Facilities
• Child Play area
• Daycare Facilities
• School
• Golf Course
• Bars

Reference Number: PV20012
Property Category: Residential
Investment Category:

• Buy to let Property
• Investment
• Retirement Home