Athena in Nicosia

Name: Sales in Athena started!
Start: 2021-04-28T08:41:31.948558+00:00
End: 2023-12-31T23:59:59+0000
Location: Athena

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Project info

Object ID: 12083

Finished at	August 2021
Price, m²	From 4500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 100.00 m²
Floors	3
Apartments	6
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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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 Athena

About the project

Close to the center of Nicosia we have created our new residential project; a three floor contemporary building with modern apartments, ideal for families and individuals who want to live in a bustling neighborhood surrounding by amenities and services.

ATHENA is located within a short distance from schools, business centers and shops, with easy access to all areas of the city and particularly the city center. Our new building is our latest upgraded residential proposal with many amenities. The development is designed by Maratheftis & Yiannouris architects while having in mind contemporary living requirements and modern aesthetics.

ATHENA comprises of six 3-bedroom apartments (2 on each floor) that feature generous living areas, functional layout, en-suite master bedrooms, large covered verandas, private storerooms and covered parking. The apartments will be finished with underfloor central heating (with heat pump) and A/C provisions.

We adhere to the latest building regulations for high energy efficiency (Grade A) and using only upgraded and luxury materials to finish the interior and communal spaces. The building will be serviced by a modern elevator with decorated cartridge and the building’s façade will be distinctive with decorative aluminium panels that double as shading devices.

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