Type: Apartment
Company: Property-Venture
Price: £ 365,812.00 Exchange rate used at date of posting

Unique opportunity to buy a marina apartment, by the beach, in the most prestigious marina in Mediterranean Europe at VAT free prices. Limassol's new marina heralds a new investment opportunity for Cyprus property buyers. 35% ALREADY SOLD

Limassol Marina Property

Cyprus is the Mediterranean’s third largest island and is distinguished by beautiful beaches, dramatic mountain scenery and a friendly, warm welcome. Blessed with over 300 days of sunshine a year, Cyprus is an island which offers plenty from: Championship Golf courses, golden beaches, and stunning mountain scenery, upmarket,  luxurious hotels, as well as nautical pastimes.

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

The Developer

Established since 1945 the developer is one of the leading contracting and property development companies in Cyprus. Operating throughout Cyprus, Greece, Qatar and Bahrain, the company is involved in projects ranging from housing and resort development to highway and airport construction. The development division of the company offers a range of properties in Cyprus and Greece consisting of commercial buildings, luxurious residential units, exclusively designed holiday homes and prestigious golf properties. With more than 60 years of experience and sales offices throughout Cyprus, as well as in London, Moscow, St. Petersburg, Athens, Rhodes and Crete, this developer believes in integrity, professionalism, quality, teamwork and reliability.

These values have helped create an enviable reputation in the construction industry and wider society, locally and internationally. It chooses to work with Professional agents, who take care to serve the needs of clients.

Limassol Marina Property

The most exclusive waterfront development in the Mediterranean, it sets a new benchmark in world class luxury residences. The unique Island Villas have just been released for sale. With private berths and unrivalled sea and marina views, they offer the rare opportunity to moor a yacht of up to 60m outside your very own garden.

This follows the successful launch of Peninsula Villas, with direct access to a sandy beach or private berths, and apartments and penthouses set in a verdant landscape with a communal swimming pool and uninterrupted sea views.

Sales of the apartments, Villas and construction works are continuing at a fast pace, with the first show apartment expected to be completed by the end of 2011. Reclamation of the island in the heart of the Marina is progressing rapidly, reclamation of the peninsula on the western side has been completed and the south-eastern breakwater is extending further into the sea.

Apartments will be delivered to their owners by November 2012, Peninsula Villas by December 2013 and Island Villas by November 2014.

Set to place Cyprus on the nautical yachting map, Limassol Marina will be fully operational and able to accommodate all types of vessels from 8m to 110m in length by the end of 2012.  Operated by Camper & Nicholsons, one of the world's oldest and most prestigious yachting business names, its facilities and services will be based on the highest international standards.

At this present time, property owners reserve the right to secure a berth along with their purchase.

Apartment prices start from  €428,000     
Peninsula and Island Villas prices start from  €1,650,000

Note that when considering the prices shown for the villas, this includes the substantial value of the adjoining berth for 90 years.  

If getting some income from part of your property is of interest then count on gross yields of between 2.5-4.5%

This apartment      

 1^st floor, 50 sqm apartment has marble entrance hall, living area, dining and kitchen. The bedrooms have laminated, parquet floors and the verandas and bathrooms have ceramic tiles, with marble counter-tops in the bathrooms. The Kitchen has granite worktops, fitted cupboards, ceramic hob, electric oven, extractor hood, washing machine, dishwasher and refrigerator. Solar power heats the hot water supply and underfloor heating keeps the apartment warm in the Winter. Air-conditioning units cool the apartment down in the Summer. The entire building benefits from a satellite system.

A rental management company will be set up prior to delivery of first properties to help clients rent their properties if requested. Demand on such a development is expected to be high, due to the fact that Limassol Marina will be developed at a prime location, offering exclusive properties on the sea.

 

Marina

Total number of berth places: 643

The Marina will be operational by November 2012.

Berths will be released separately from the residential real estate in 2012.

There is a discounted OFFER for Apartments + Berth for 15 years

For this 1^st floor, 50 sqm apartment the standard price is €428,00, with a berth this would be:

15m berth €517,300

20m berth €575,000

25m berth €648,500

Prices include parking space and storeroom

These apartments are VAT exempt

Financing options

Up to 70% of the price of the property can be financed through banking institutions in Cyprus, in Euro or other currencies available. Details of the finance schemes are available upon request.

Terms of payment
1. 30% of contract value on signing of the agreement
3. 40% of contract value on or before the 30^th of April 2012
4. 30% of contract value on delivery

35% of Nereids Residences are now reserved or sold.
The Show Apartment will be open by the end of January 2012.

Delivery dates

Nereids Apartments will be delivered on or before the 1^st of November 2012.

     

Local Price: €428,000 start. VAT FREE Original currency - used to convert to £
Property Build: New Build
Country: Cyprus
Cypriot town of: Limassol
Inland-Coastal: Coastal
Plot-Size: 68SqM
House Size: 50SqM
Livingrooms: 1
Bathrooms: 1
Bedrooms: 1
Home Features:

• Air Conditioning
• Heating
• Double Glazing
• Parking
• Garage
• Marble Floors
• Hardwood Floors
• Tiled Floors
• Modern Style
• Broadband
• Kitchen Appliances
• Balcony/Terrace
• Garden
• Outdoor Pool
• Security System

Community Features:

• Shops
• Restaurants
• Shopping Centre
• Medical Facilities
• Golf Course
• Outdoor Pool
• Bars

Reference Number: PV20012
Property Category: Residential
Investment Category:

• Investment
• Holiday Home
• Retirement Home