TOWN HILL in Limassol

Name: Sales in TOWN HILL started!
Start: 2021-04-21T07:14:33.807919+00:00
End: 2023-12-31T23:59:59+0000
Location: TOWN HILL

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Project info

Object ID: 11989

Finished at	May 2020
Price, m²	From 4500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 192.00 m²
Floors	2
Apartments	4
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

864,000$

Net profit

9,376$

Payback period

73.5 years

Avg property value increase per year

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About the project

Town Hill is ideal for those who appreciate the comfort and charm of a quiet residential area. It is located in Agios Athanasios, which is one of the most prestigious and sought-out areas in Limassol. The project offers residences with a magnificent view of the sea, and close proximity to beautiful sandy beaches as well as the city center. For those with children, two of the island’s well-known English schools are nearby: Foley's and Grammar School. A combination of location, accessibility and modern design all make up the perfect recipe for a happy family life.

The project consists of eight detached two-storey houses that cover an area between 169 and 176 square meters on plots of 169-176 square meters. All are built following all health and safety and structural standards. The design of each house has been carefully thought through — each has at least three bedrooms and bathrooms, a spacious terrace and space for a swimming pool if you so desire. All open-plan kitchen/dining rooms are connected to the veranda, which offers unrivaled views of the city and sea. All bedrooms have large built-in wardrobes, with hairdo conditioning and heating present throughout the properties.

THE LOCATION

Agios Athanasios, located just three kilometers from the historic center of the city, is considered to be one of the most attractive and comfortable living areas of Limassol. It is no coincidence that housing here is in high demand, and among property buyers there are both locals and foreigners. This is a fairly young area, with luxury villas side by side with low-rise apartment buildings, and the terraces offer a magnificent view of the Mediterranean coast. Mostly Cypriots live here, although recently the number of foreigners who have decided to settle in Limassol and have chosen this particular area has increased significantly. Agios Athanasios is an ideal place for those who prefer to enjoy the suburban silence and use the city infrastructure.

Agios Athanasios is an independent municipality and functions as a suburb of Limassol. It takes you only seven minutes to get from here by car to the city center. Although all the necessary infrastructure facilities are here. Nearby is the main highway of the island and the beach can be reached in seven minutes.

Developer

Kaleide Property Group is a real estate development company based in Cyprus with an impressive portfolio of ground-breaking projects. Throu…
Details about Kaleide Property Group