RESIDENCE BIANCO in Limassol

Name: Sales in RESIDENCE BIANCO started!
Start: 2021-04-29T12:07:32.287709+00:00
End: 2023-12-31T23:59:59+0000
Location: RESIDENCE BIANCO

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Project info

Object ID: 12111

Finished at	December 2020
Price, m²	From 5600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 117.00 m²
Floors	5
Apartments	8
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

655,200$

Net profit

9,376$

Payback period

55.7 years

Avg property value increase per year

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About the project

Residence Bianco is a premium apartment development located in the centre of everything, in Neapoli Area 400 meters from the beach. It comprises eight apartments with covered parkings. Privacy and security features are integrated into the overall design concept. First floor consists of three, one bedroom apartments with open plan kitchen and living room areas and large outdoor verandas. Second floor consists of two, two bedroom apartments with reflected internal layouts that include large verandas. Third and Fourth floors consist of one each three bedroom spacious apartment with open plan kitchen, living and dining areas with large verandas and garden area. On the fifth level is a superior three-bedroom penthouse with large verandas and private access to the roof-garden area with a private swimming pool and a storage.

Residence Bianco is close to all essential amenities. A range of luxury shops, cafeterias, and also a number of international banks and an enormous choice in supermarkets, malls, specialty shops, boutiques, zoo, entertainment venues, restaurants and coffee shops, schools, medical facilities and municipality offices are located near the development.

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 specializing 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