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Orfeas in Nicosia

Name: Sales in Orfeas started!
Start: 2021-04-28T08:26:24.109787+00:00
End: 2023-12-31T23:59:59+0000
Location: Orfeas

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Project info

Object ID: 12081

Finished at	December 2021
Price, m²	From 4500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 100.00 m²
Floors	3
Apartments	9
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

450,000$

Net profit

9,376$

Payback period

38.3 years

Avg property value increase per year

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Promos and discounts for Orfeas

About the project

The contemporary residential development is located in a central area of Aglantzia, midway between the city centre and the new university campus. ORFEAS is surrounded by amenities, which are located within walking distance from the site, and its central position within the city provides excellent access to the motorway and other areas of Nicosia.

The three-storey buidling is designed by Maratheftis & Yiannouris Architects/Engineers, a lowdensity with 9 apartments of one, two, and three bedrooms. The building stands out for its construction superiority and distinctive façade that is both elegant and modern. The main entrance is video and password operated, with luxurious interior and landscaped gardens with nightlights at the exterior. A state-of-the-art elevator with a decorated cart serves all floors.

The development is certified with high energy efficiency (B+), with triple exterior walls, insulated roof, columns, and beams, double-glassing and thermal-insulating aluminium frames. Throughout the construction work we have used upgraded building materials and uninterrupted supervision.

The apartments have allocated covered parking space and private storerooms. There are three apartments on each floor defined by modern interiors with open-plan living areas, designer kitchens, en-suite master bedrooms, large covered verandas, and ample wardrobe space. The top floor apartments come with extra features, including exclusive right to private roof gardens and heated flooring with heat-pump.

The apartments have upgraded technical specifications that match our high-quality building work.

The new apartments include water pressure system, solar water heater, three-phase current supply, and electric heating panels. The sanitary articles are of excellent quality and our final finishes, including flooring and woodwork choices are selected by our interior designer.

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