Venus in Nicosia

Name: Sales in Venus started!
Start: 2021-04-28T07:06:24.825877+00:00
End: 2023-12-31T23:59:59+0000
Location: Venus

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Project info

Object ID: 12070

Finished at	November 2021
Price, m²	From 4600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 80.00 m²
Floors	3
Apartments	12
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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

368,000$

Net profit

8,283$

Payback period

34.7 years

Avg property value increase per year

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Promos and discounts for Venus

About the project

This exclusive residential development is located in the heart of Aglantzia, on Archiepiskopou Makariou III street. The location combines the merits of a mature residential neighborhood of predominantly low-density middle-class housing and the direct link to the leisure and commercial amenities of the area. Aglantzia, which has in fact established itself as the cultural municipality of Nicosia, as well as being the seat of the University of Cyprus, is also host to some of the most important annual festivals and events taking place in the capital, including concerts and theaters.

The 3 stored building comprises 12 apartments in total, consisting of studios, two- and three-bedroom apartments, featuring large covered verandas, wall-to-wall sliding windows joining the interior with the exterior, open-plan sitting areas, en-suite master bedroom, allocated covered parking, and private storerooms. Responsible for the design is Pattichis Studiο. The design vision sought to combine clear, functional interiors with maximized useful space, high-end specifications for the finishes that allude to contemporary aesthetics, and the high demands of modern lifestyle.

The development is certified with Energy Efficiency class B+ and will feature 300 mm exterior walls with applied thermal plate on the roof, columns, and beams; the latest building specifications and upgraded, energy-saving, and non-toxic materials will be used throughout the building, as well as luxury and high-end finishes inside the apartments.

Developer

St. Chara Developers is a premier property developer with a strategic focus on Cyprus’ luxury property market. Our proven track record and p…
Details about St Chara