KINNIS GRAND VALLEY RESIDENCE B in Limassol

Name: Sales in KINNIS GRAND VALLEY RESIDENCE B started!
Start: 2021-04-29T12:15:29.324973+00:00
End: 2023-12-31T23:59:59+0000
Location: KINNIS GRAND VALLEY RESIDENCE B

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Project info

Object ID: 12113

Finished at	December 2021
Price, m²	From 4500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 87.00 m²
Floors	4
Apartments	14
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

391,500$

Net profit

9,376$

Payback period

33.3 years

Avg property value increase per year

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About the project

Grand Valley is located in Germasogeia, a quiet area of Limassol near to a host of amenities. Limassol itself has a rich and diverse history, although little evidence survives as progressive modernisation has taken place. Evidence that still exists indicates a sophisticated early society founded on trade and agriculture. Many ancient sites have been discovered and these are now protected monuments that form the foundation of the region’s cultural history and the basis of fantastic myths and legends. The modern city centres on Limassol Castle and the Old Port. From there a web of narrow streets contain old, shuttered houses of the once-rich traders standing side-by-side with modern shops and boutiques. This area is abuzz with cafes, bars and restaurants. Not far away is the international business hub, where global companies are headquartered and where a 24-hour trade takes place. The new Limassol Marina has added an atmosphere of cosmopolitan glamour and opulence, and this is just the start of a major development programme which will see Limassol elevated to the jewel of the Eastern Mediterranean. As the region enjoys a typical Mediterranean climate, with hot summers and mild winters, it is not surprising that Limassol is also one of the Mediterranean’s premier holiday resorts.

Grand Valley is close to all essential amenities. The village of Germasogeia has a range of small shops and tavernas, and also a number of bank branch offices. The short drive into Limassol offers an enormous choice in supermarkets, malls, speciality shops, boutiques, entertainment venues, restaurants and coffee shops. There too you will find good schools, medical facilities, international banks and municipality offices.

The city presents many diverse cultural activities. Top class international artistes visit Limassol regularly, and throughout the year there are numerous opportunities to enjoy theatre, ballet, opera, pop, rock and jazz productions.

Limassol is also gaining quite a reputation for its diverse cuisine. It is easy to find excellent restaurants specialising in foods from all around the globe.

Developer

A. Kinnis Property Developers Ltd is a Limassol-based development company with a significant industry presence. The company offers an except…
Details about Kinnis