VASSILIOU MAKEDONOS RESIDENCE in Limassol

Name: Sales in VASSILIOU MAKEDONOS RESIDENCE started!
Start: 2021-04-29T12:29:35.860278+00:00
End: 2023-12-31T23:59:59+0000
Location: VASSILIOU MAKEDONOS RESIDENCE

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Project info

Object ID: 12114

Finished at	July 2022
Price, m²	From 14770$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.00 m²
Floors	4
Apartments	20
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

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

708,960$

Net profit

6,783$

Payback period

78.5 years

Avg property value increase per year

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About the project

Vassileos Makedonos Residence represents a significant investment opportunity. It is a multi-level apartment building located in the heart of Limassol, very close to the university campus and a short walk to Limassol’s business and shopping district, the seafront and the new marina complex.

Conceived as project that will appeal to students and young business professionals, there are 18 single-bedroom apartments and two, two-bedroom top floor penthouse apartments. Striking modern styling, excellent configuration, and top-class build quality makes the building both visually attractive and highly desirable as a home base for its targeted occupiers.

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