Investment Property in Tersefanou LARNACA, CYPRUS
D.LD-02
2Bedrooms 2Bathrooms 730m²Build
0m²Plot CommunalPool 611.000€Price
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This complex is a 2 level, 3 block development comprising 62 units. The project has a selection of 1, 2 and 3 bedroom apartments. Each apartment benefits from the exclusive self contained resort facilities including; a large communal pool, club house and gym all surrounded by beautifully landscaped gardens.
The project is located on the outskirts of the traditional village of Tersefanou and is a short 15 minute drive to the centre of Larnaca.

APARTMENTS - 8
LEVELS - 3
DESCRIPTION OF APARTMENT - 1 & 2 BEDS (3 PENTHOUSE APARTMENTS INCLUDED)
NEW UNITS
PRIVATE PARKING
STORAGE UNITS
TITLE DEEDS - YES
BUILD YEAR - 2010
BUILDING CONDITION - COMPLETED
TOTAL COST - € 611.000
IMMEDIATE RENTAL RETURN
0% CAPITAL GAINS TAX!

INVESTMENT PACKAGE:
Flat 16/108, Beds 1, Baths/WC 1, Total Area 55,42 m2, Net PACKAGE PRICE € 65.000, ACTUAL Net SELLING PRICE € 86.000
Flat 16/203, Beds 1, Baths/WC 2, Total Area 121,32 m2, Net PACKAGE PRICE € 79.000, ACTUAL Net SELLING PRICE € 141,136
Flat 17/101, Beds 2, Baths/WC 1, Total Area 89,67 m2, Net PACKAGE PRICE € 95.000, ACTUAL Net SELLING PRICE € 145.000
Flat 17/103, Beds 1, Baths/WC 1, Total Area 57,84 m2, Net PACKAGE PRICE € 65.000, ACTUAL Net SELLING PRICE € 86.182
Flat 17/106, Beds 1, Baths/WC 1, Total Area 62,22 m2, Net PACKAGE PRICE € 65.000, ACTUAL Net SELLING PRICE € 86.182
Flat 17/203, Beds 1, Baths/WC 2, Total Area 123,17 m2, Net PACKAGE PRICE € 79.000, ACTUAL Net SELLING PRICE € 121.840
Flat 18/105, Beds 2, Baths/WC 2, Total Area 95,61 m2, Net PACKAGE PRICE € 84.000, ACTUAL Net SELLING PRICE € 145.612
Flat 18/201, Beds 1, Baths/WC 2, Total Area 125,27,42 m2, Net PACKAGE PRICE € 79.000, ACTUAL Net SELLING PRICE € 136.697
TOTALS: AREA 730,52 M2, NET PACKAGE PRICE € 611.000, ACTUAL NET SELLING PRICE € 948.649
COST/SQM € 836.39 € 1.299
- 36%



INVESTMENT PACKAGE PROPOSAL:

1. GUARANTEED 5% RENTAL RETURN FOR 2 YEARS
2. BUY BACK OPTION + 10% APPRECIATION IN 4 YEARS FOR EXCHANGE WITH OTHER PROPERTY OF EQUAL OR HIGHER VALUE

TOTAL INVESTMENT: (611,000 + 19%VAT) € 714,740

REVENUE

GUARANTEED RENTAL REVENUE 1ST YEAR (5%) € 35,737
GUARANTEED RENTAL REVENUE 2ND YEAR (5%) € 35,737
GUARANTEED RENTAL REVENUE 3RD YEAR € 35,737
GUARANTEED RENTAL REVENUE 4TH YEAR € 35,737

TOTAL RENTAL REVENUE € 142,948

GUARANTEED 10% PROPERTY APPRECIATION YEAR 4 € 61,100

AVERAGE ANNUAL ROI % - 7.1%
TOTAL ROI - € 204,048
TOTAL ROI % - 28.5%





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