The investment project provides for the construction of a block of apartments consisting of 12 double/single apartments, with a high yield in Limassol, germasoyia district (Golden Mile).
The Residential Building project consists of 12 apartments with an area of 51 m2 +12 m2 covered balcony.
Private Parking for 12 cars, individually controlled air conditioning, Central solar system for water heating, Central antenna, Wi-Fi, fully equipped bathroom (sink + toilet + bath), built-in wardrobes, kitchenette, balconies with sea, mountain and city views.
The plot is located in the elite area of Germasogeia, 700 meters from the sea, the so-called "Golden Mile".
The area where shops, bars, office centers and new residential complexes are located.
The plot of 605 m2.
The total area of the house is 870 m2, a block of 12 apartments of 51m2 with 12m2 balconies, 12 Parking spaces and a swimming pool.
The division of apartments into 1 or 2 bedrooms can be changed by the architect of the project in its initial stage.
Subject to the implementation of the project for obtaining a passport of Cyprus-a separate penthouse for the owner with an operated roof with a private garden is provided.
The total cost of the turnkey project is 2,133,000 euros.
Revenue part of the project with two options for its implementation:
1. Apartments for sale 12 x 250,000 = 3,000,000 euros
IRR of 32% ( revenue 693 000 euros) ROI 28% (net profit of EUR 610 000)
2. Apartments for rent at 1300 euros per 1 unit = 1300 x 12 = 15,600 x 12 = 202,800 euros
IRR 9.6% (revenue 202,800 euros ) ROI 8.4 % (net profit 177,450 euros)
If you invest money through the company-19% VAT (123 500 euros) is refundable within a year.
The implementation of this project gives the investor the opportunity to get a Cyprus passport with a return of 25% of the invested funds for 3 years of renting.
If the entire project is implemented in 5 years, the investor will withdraw from the project having returned their initial investment of 2.1 million euros and will keep 2 apartments in the asset + Cyprus passport + will receive a profit of about 600,000 euros.