East Residence in Limassol

Name: Sales in East Residence started!
Start: 2021-04-26T08:45:35.713761+00:00
End: 2023-12-31T23:59:59+0000
Location: East Residence

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Project info

Object ID: 12039

Finished at	September 2019
Price, m²	From 3270$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 148.00 m²
Floors	3
Apartments	5
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten 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

483,960$

Net profit

9,376$

Payback period

41.2 years

Avg property value increase per year

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Promos and discounts for East Residence

About the project

It is located in the area of Potamos Germasogeias, quite close to the sea (700 metres - 10 min. on foot).

This residence consists of 4 luxurious, 2-3 bedroom apartments on the first and second floor and a penthouse with a swimming pool on the top floor.

All the apartments will be provided with underfloor heating and air-conditioning system for functional reasons. Also, all the rooms will have a high ceiling with the possibility of placing hidden air conditioning system and hidden lights. Last but not least, every apartment will have its own storage room on the ground floor. The top floor apartment will have one more room on the roof which can be used as a private space for the housekeepers.

Developer

Andreas K. Xenofontos Developers Ltd has more than 25 years of experience in the developing and construction field and consists of more than…
Details about Xenofontos