KING PHILIP RESIDENCE in Limassol

Name: Sales in KING PHILIP RESIDENCE started!
Start: 2021-04-29T11:59:30.492634+00:00
End: 2023-12-31T23:59:59+0000
Location: KING PHILIP RESIDENCE

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Project info

Object ID: 12110

Finished at	April 2022
Price, m²	From 4360$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 50.00 m²
Floors	4
Apartments	8
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV
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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

218,000$

Net profit

6,783$

Payback period

24.2 years

Avg property value increase per year

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About the project

King Philip Residence Is a premium contemporary apartment development comprising of only 7 apartments and 1 penthouse with its own roof garden with BBQ and swimming pool area. It is ideal for those seeking a tranquil city-living lifestyle. Privacy and security features are integrated into the overall design concept, with secure gated entrance to your own covered gated car parking and perforated screens for added terrace privacy. Located in the centre of the city, Agia Zoni area - Limassol, is a popular area bustling with retail, yet just a 2min walk (300m) to Makarios Avenue, where the high-society spend their time shopping and relaxing at the hippest cafe restaurants in town. Also located within the surrounding vicinity is St. Mary’s private secondary school adjacent to Limassol’s central Courthouse. Anexartisias high-street shopping is a mere 600m away, which will lead you to the vibrant Molos pedestrian seafront promenade.

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