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Residence 23 in Germasogeia

Name: Sales in Residence 23 started!
Start: 2021-04-23T10:50:46.650333+00:00
End: 2023-12-31T23:59:59+0000
Location: Residence 23

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Project info

Object ID: 12019

Finished at	November 2019
Price, m²	From 5500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 135.00 m²
Floors	4
Apartments	7
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

742,500$

Net profit

9,376$

Payback period

63.2 years

Avg property value increase per year

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About the project

Welcome to Residence 23 – Apartments in Limassol. A contemporary low–sire residential complex. This elegant, but yet modern project is a result of a unique combination and balance between modern, comfort and luxury lifestyle. The complex is comprised of six well designed 2 bedrooms apartments and one spacious 3-bedroom penthouse on the top floor, generously sized entrance lobby, private covered parking spaces, storage rooms and gated access to the building. During construction and finishing only top standard specification materials are used.

This contemporary development is situated in Germasogeia, one of the highly developed areas of Limassol. Due to a convenient position, sandy blue-flag beach, Dasoudi park with its beautiful promenade along the coast and all amenities necessary to make living comfortably just within a walking distance. This outstanding location and qualities provide perfect conditions both for family and holiday living.

Developer

Galaxia Developers founded in 1977 and since then it continuedly growing aiming to provide quality properties. Their main task is to offer t…
Details about GALAXIA DEVELOPERS

Contacts of Residence 23 sales department

Hotline

+1 855 588 8066

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Residence 23 on the map of Germasogeia

Muses, Germasogeia, Cyprus

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Project info

Return on investment for apartment

with price

Promos and discounts for Residence 23

About the project

Developer

Contacts of Residence 23 sales department

Hotline

Order a free transfer to Residence 23

Residence 23 on the map of Germasogeia

Muses, Germasogeia, Cyprus

FAQ

Other objects nearby, Germasogeia

Request more info

Reviews about Residence 23

Project info

Return on investment for apartment 135 sq. m. with price 5500 $/sq. m.

Promos and discounts for Residence 23

About the project

Developer

Contacts of Residence 23 sales department

Hotline

Order a free transfer to Residence 23

Residence 23 on the map of Germasogeia

Muses, Germasogeia, Cyprus

FAQ

Other objects nearby, Germasogeia

Return on investment for apartment

with price