Waterfront Upscale residences with iconic address on Limassol’s main coastal avenue
Complex/building features
- Sizes of units 135 sq.m - 560 sq.m
- Total number of units 84
- Total floors 37
Distances
- Distance to beach resort 10 m
- Distance to centre of the town/city 300 m
Rental income features
- Rental demand in the area High
- Who will rent Expats,Tourists,Young professionals
- Ability to terminate rental agreement Easy
- Rental management In-house management company
- Annual rental income 3-5% (estimated)
Taxation
- Tax on rental income The first €19,500 income is tax-free following which a rate of 20% will apply.
- Inheritance tax No inheritance tax in Cyprus.
Exit strategy
- Resale Possible after completion
- Easy exit High demand - very easy
- Resale management/consultant Property Developer, Stonehard
- Who will buy Foreign buyers
*Please note that exit or resale of property depends on market conditions.
Unit/apartment features
- Finishing Excellent
- Furnishing Unfurnished
Facilities in the complex/building
- Communal Garage, Reception desk, Boutique shops, Room service, Wi-Fi internet in the whole complex
- Recreational Children's playground, Children's pool, Fitness centre, Outdoor swimming pool, Sauna, Spa procedures, Steam room
- Commercial Bistro, Restaurant
Additional purchasing costs
These additional costs include the following, among others:
- Stamp duty On a property of 2.5M Euros - 4908 Euro
- Lawyer fees approx. 20-30 000 Euros
- Other costs 500 Euros
Capital appreciation (p.a.)
- Expected price increase of the property* 30% (estimated)
*Quote is based on historic facts, market analysis and monitoring of local trends on the market.
*Resale price is fully depending on market conditions. Resale price is not guaranteed.