Royal Pearl in Nicosia

Name: Sales in Royal Pearl started!
Start: 2021-04-28T07:31:04.576083+00:00
End: 2023-12-31T23:59:59+0000
Location: Royal Pearl

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Project info

Object ID: 12073

Finished at	October 2021
Price, m²	From 5000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 85.00 m²
Floors	6
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

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

425,000$

Net profit

9,376$

Payback period

36.2 years

Avg property value increase per year

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About the project

ROYAL PEARL Building is located in Agios Andreas, one of the 24 historic Neighbourhoods of Nicosia.

The Building

The ultra-modern ROYAL PEARL Building will feature 12 apartments on 6 levels of 2 and 3 bedrooms, storage rooms, covered parking and private roof garden. The building is certified with Energy Efficiency B+ and will be suitable for owner-occupation, investment or Permanent Residence.

The Apartments

The ROYAL PEARL building's apartments consist of two and three bedrooms plus full bathroom to serve the house and a guest WC. Also, every apartment, consist of en-suite master bedroom. Featuring open-plan living areas, central heating and provision for A/C split units, storage rooms, covered parking and private roof garden (apartment 601 and 602).

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