Waterfront Upscale residences with iconic address on Limassols main coastal avenue

CYPRUS / LIMASSOL / Main coastal avenue
Prices from 1 830 000
  • Location: Cyprus, Region Limassol, Limassol, Main coastal avenue MAP
  • Development: Residential
  • Unit types: Apartments (various types), 2-bedroom apartments, 3-bedroom apartments, Large apartments, Two-level penthouses, Penthouses
  • Total number of units:84  
  • Units available for sale:84
  • Unit sizes: 135 sq.m 560 sq.m
  • Price: 1 830 000
  • Prices per sq.m.: 13 556 €/sq.m
  • Development status: Under construction
  • Planned completion: December 2018
  • Ownership: Freehold 
  • Rental return (p.a.): 3-5% (estimated)
  • Capital appreciation (p.a.): 30% (estimated)
  • No commission

Complex/building features

  • Sizes of units 135 sq.m - 560 sq.m
  • Total number of units 84
  • Total floors 37


  • 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)


  • 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.