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Venera Residences in Limassol

Name: Venera Residences
Brand: Property Gallery Developers Ltd
SKU: 25748
Availability: InStock

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Project info

Object ID: 25748

Finished at	—
Price, m²	725000$ — 975000$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 131.00 m²
Floors	4
Apartments	12
Building phase	Completed
Condition	Turnkey
Construction type	Brick
Security	Intercom
Conveniences	Parking Pool Kids playground Restaurant Beauty salons Near school Near kindergarten Near supermarket Near hospital
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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

94,975,000$

Net profit

9,376$

Payback period

8079.5 years

Avg property value increase per year

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About the project

Venera Residences comprises 7 villas featuring roof gardens and basements, and 12 two and three bedroom apartments with spacious balconies. Located a stone’s throw from the azure waters of the Mediterranean, just off Limassol’s main tourist beachfront road in Yermasoyeia, Venera Residences are ideal for holiday homes. The complex offers unique facilities, including a swimming pool for adults and children, washrooms and showers in the pool area, a playground and a gazebo.

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Developer

P.L. Property Gallery Developers & Constructors Ltd is a leading developer of Cyprus. We offer our clients a wide choice of residential …
Details about Property Gallery Developers Ltd