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Chr. Athanasiou Construction & Developments

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Panorama Residence Block A,B,C in Limassol

Name: Sales in Panorama Residence Block A,B,C started!
Start: 2020-02-05T12:42:53.709445+00:00
End: 2023-12-31T23:59:59+0000
Location: Panorama Residence Block A,B,C

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Project info

Object ID: 4804

Finished at	—
Price, m²	From 1500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 98.00 m²
Floors	6
Condition	Black walls
Construction type	Monolyth
Security	Security
Conveniences	Parking Underground parking Pool Kids playground
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

147,000$

Net profit

9,376$

Payback period

12.5 years

Avg property value increase per year

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About the project

The modern project PANORAMA RESIDENCE is a gated community located in the tourist area of Limassol, just 400 meters from the sea with an impressive modern concept and with a design approach to details. A carefully designed complex includes 3 residential buildings and 4 Townhouses (two tier houses). The uniqueness of which lies in the high level of safety, comfort, and close proximity to the well-maintained beaches of the Mediterranean Sea and five-star hotels of the city.

Unique 5-storey luxury condominium, 3 buildings with two and three bedroom luxury apartments, each with its own parking and pantry, made in accordance with the latest world trends in urban construction.

Most of the apartments offer panoramic and breathtaking views of the Mediterranean Sea, the cityscapes of Limassol and its picturesque suburbs.

High ceilings, electric shutters and the level of interior decoration correspond to the level of the most demanding customer. The owners of the residences will be able to appreciate the truly indescribable atmosphere and comfort of an elegant gated complex with all its amenities, including a swimming pool and a play area for children.

The architectural concept of the complex is ideally designed and fits into the urban landscape of the prestigious tourist zone of Limassol. The most famous sandy beaches, shops, pharmacies, cafes, restaurants and other necessary infrastructure of Limassol are within walking distance.

Environment and infrastructure:

- in the tourist area of Limassol

- 400 meters from the sea

- in the vicinity of the five-star hotels of the city

- beaches, shops, pharmacies, cafes, restaurants of Limassol are within walking distance

Data sheet:

- gated residential complex

- apartments with two and three bedrooms

- panoramic and breathtaking views of the Mediterranean Sea

- pool and play area for children

- high ceilings

- electric blinds

Developer

Company Chr. Athanasiou Construction & Developments is one of the most well-known leading companies in the Cyprus construction industry …
Details about Chr. Athanasiou Construction & Developments