Total area/size of the building/complex plot5000000 sq.m
Total number of units101
Total floors2
Distances
Airport12 km to
Closest town - 5 km
Rental income features
Rental demand in the areaModerate
Unit finishing in order to rentUnfurnished
Annual rental income3-5% per annum
Exit strategy
ResalePossible after completion
Easy exitModerate
Resale management/consultantProperty Developer
Who will buy Foreign buyers
*Please note that exit or resale of property depends on market conditions.
Unit/apartment features
FurnishingUnfurnished
Views from units Beach views, Meadow views, Mountain views, Swimming pool views, Views to Golf course
Capital appreciation (p.a.)
Expected price increase of the property* 15% (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.
Location
This property offers 87 plots for custom made villas and 14 boutique villas in a luxurious golf resort just 10 minutes driving distance from the cosmopolitan town of Pafos in Cyprus. The resort is located 25 minutes from Polis, 40 minutes from Limassol, 1h 30 min from Nicosia, 20 minutes from Pafos International airport and 1h 30 min from Larnaca International airport.
This is one of the most exclusive golf resorts in the eastern Mediterranean and has set new standards for living and leisure in Cyprus. The resort boasts a breathtaking hillside location. Views and vistas are perhaps the most distinctive feature at the property, with the resort possessing expansive and dramatic views of the Troodos Mountain range, which despite great distance is completely uninterrupted. In fact, the resort enjoys 360 degree panoramic views which also extend over the city of Pafos to the Mediterranean Sea.
Area
The resort is surrounded by traditional villages, providing an authentic experience of Cyprus. Additionally, an abundant array of beaches in both the Pafos and Polis regions are within easy reach.
The area surrounding the property is home to one of the most celebrated wine routes on the island. Located in this wine producing region, it seemed natural to offer residents the opportunity to produce their own label wine, with vineyard allotments, olive groves and eco-plots available for rent on the resort. In addition to being a Natura 2000 site and a protected ecological habitat, the development also encompasses a twelfth century monastery, Stavros Tis Minthis.
Residences
The residences have been designed by the acclaimed international architecture studio Woods Bagot. Each of the 8 customisable designs is a fluid series of indoor and outdoor spaces to be enjoyed year-round in Cyprus’ ideal climate. The inspiration was drawn from traditional Cypriot architecture and style, characterized by open spaces, water features and private courtyards.
The architecture focuses on indoor outdoor living, with airy open-plan interiors, floor to ceiling windows framing the views, and large outdoor areas, designed for alfresco living, featuring spacious terraces, outdoor fireplaces and infinity pools. The density of the development has been limited to ensure that the integrity of the mountainous character is retained while providing residents with unimaginable space. Plot sizes are thus extremely generous, ranging from 1,300 to 2,500m².
Type of villas:
Asteria, from 150 m²
Artemis, from 162 m²
Harmonia, from 200 m²
Cleone, from 225 m²
Amalthia, from 242 m²
Callisto, from 260 m²
Electra, from 270 m²
Petra, from 308 m²
Facilities
The resort offers exceptional recreation facilities including 18 hole championship golf course complete with practice facilities and driving range, tennis courts, nature trails, children’s playgrounds, sports grounds, an equestrian centre, a gym and a luxurious spa. The resort also boasts an impressive 2000 sq.m. clubhouse which features a restaurant, cafe and sports bar in addition to a pro shop, business centre and golf changing facilities.
A village square will offer residents a wealth of onsite amenities including a mini market, cava, cruche and further dining outlets.
Clubhouse
Spa centre
Fitness centre
Indoor heated pool
Meditation deck
18-hole championship golf course
Tennis courts
Sports grounds
Jogging routes
Nature trail
Mini market
Children’s playground
Pro-shop
Restaurants, cocktail bar, juice bar & taverna
Business centre
Services
Lifestyle management
Concierge
Interior design
Rentals
Property management
Landscaping services
Home delivery (from the restaurant)
Cleaning
Laundry, etc.
Location (exact)
This is the exact location of the property development.
Gallery
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Finishing:
All the fittings, no furniture or electrical appliances
Unit price range:
From ˆ725 000 + VAT to ˆ2 920 000 + VAT for standard designs. No maximum for custom made design
Unit size range:
From 114 sq.m to 360 sq.m. standard designs, custom made design – as per request of the client
Completion for each villa 16-19 months after signing contract
Annual rental return:
No guaranteed rentals. Currently the rent is approx ˆ300 (ˆ100 per room) per night for a minimum of 3-night stay. Long-term rentals are from ˆ2500 per month depending on the size. On average, considering 70% occupancy throughout the year (35 weeks) this brings more than 5% per annum on the Plateau, 3-4% to Bespoke Custom Made residences.
Exit strategy:
Resale on the open market
Capital appreciation:
Expectation is between 15 – 25%. Currently all ready villas are sold 15% more expensive then off plan options. When all facilities are ready (end of 2018) there will be another significant rise in prices
Finance:
There is no available finance
Villas description
Villa Artemis
Covered area – 162 sq.m.
Uncovered verandas – 83.49 sq.m.
Plot area – 1,290.00 sq.m.
Price –from ˆ1,360,000 + VAT
Artemis is a 3-bedroom single storey villa. The house has been designed by the world renowned architects Woods Bagot. The modern designs absorbed the best traditional Cypriot architecture giving the house lots of character. The architects made best use of local stone, wood, natural ventilation and internal courtyards. The quality of construction and finishes is unsurpassed, being extremely elegant and truly reflecting the meaning of “barefoot luxury”.
The overall internal covered area of this villa seamlessly blends in with the spacious external areas for relaxation: simply by opening up the ceiling-to-floor sliding doors of the living room, it becomes one with the inviting pool area and the charming internal courtyard of the residence.
This villa offers a large emerald color overflow swimming pool with some breathtaking views to the dramatic mountain scenery and the green park area.
Open-plan Italian kitchen connects with the external BBQ area with fireplace. Marble floors and high ceilings accentuate the lightness of the interior. The master bedroom features en-suite bathroom with the legendary Victoria&Albert free standing bath. All bedrooms are furnished with wall-to-wall Italian wardrobes and have access to the garden.
Central systems are in place for lighting, gas fireplace, heating and cooling VRV.
Villa Amalthia
Covered area – 243 sq.m.
Uncovered verandas – 126 sq.m.
Plot area – 1,300.00 sq.m.
Price –from ˆ2,035,000 + VAT
A luxury 4 bedroom villa that takes full advantage of the plot’s hillside location and is a stunning statement of cutting edge design. Floor to ceiling windows provide natural light and fabulous views the length of the house. A clever creative layout allows the velvet hills and stunning skyline panorama to be drawn deep inside your multi-level home.
Inspiring living areas and spacious bright bedrooms are complimented by overflowing infinity pool, shady courtyard and elegant BBQ area to provide the ultimate indoor-outdoor dining and entertainment experience and inviting you to laze and relax in the idyllic surroundings.
The entry is upstairs via a footbridge over the large private courtyard. A large open plan dining room, lounge and a dream kitchen continue this spacious feel, with the master suite incorporating a walkthrough wardrobe and a huge bathroom with views. Downstairs, a glass corridor and patio run through the centre of the house and can be opened up to the pool and garden, turning inside into outside.
Villa Callisto
Covered area – 300 sq.m.
Uncovered verandas – 112.77 sq.m.
Plot area – 1,456.00 sq.m.
Price – from ˆ2,500,000 + VAT
It has award-winning villa design. It offers a comfortable 300 sq.m of living space, with a master bedroom and a stunning L shaped living area with gleaming marble finishes, high ceilings and almost no walls but plenty of glass sliding doors giving a feeling of space and allowing you to be one with nature. To the right of entry, a roomy master chef kitchen you’ll be proud of, ergonomically designed and showing off the best appliances and finishes. The lower level features a double guest bedroom with a luxurious shower bathroom and a study.
The cozy internal court yard with a water feature leads to supplementary rooms which can be fitted with some of the finest upgrades.
From saunas and gyms to a personal wine cellar or full smart home, your property can be tailored to suit your individual lifestyle requirements. This level opens up into an inviting infinity swimming pool and a relaxation area.
Contacts
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The marker on the map is indicating the exact location of the development.