Blue Waves in Protaras

Name: Sales in Blue Waves started!
Start: 2021-04-29T08:55:51.145016+00:00
End: 2023-12-31T23:59:59+0000
Location: Blue Waves

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Project info

Object ID: 12102

Finished at	—
Price, m²	From 3500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Villa
Square	from 528.00 m²
Floors	2
Building phase	Completed
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

1,848,000$

Net profit

9,376$

Payback period

157.2 years

Avg property value increase per year

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About the project

Blue Waves Beachfront Residences are situated in one of the most idyllic coastal locations of Cyprus and consist of two six-bedroom detached luxury villas.

Protaras is located on the south easternmost coast of Cyprus and is considered a popular holiday destination that boasts a fabulous selection of beaches and splendid year-long weather. These high-end residences provide a unique location by being only footsteps away from the beach, while residents can enjoy the peacefulness of its surroundings. Protaras ourished into a charming tourist resort during the 1980s as a more sophisticated alternative to the buzzing and wild atmosphere of its neighbor town, Agia Napa, located 5 miles west of Protaras.

Akathiotis Developers is well known for giving great emphasis to the quality of its constructions, making no compromises along the way. Blue Waves Beachfront Residences are no exception, and so are naturally built under the highest quality standards. At the same time, the nishing touches of each project are as important as its construction, as they bring out the beauty and glamour of each property. Modern design is evident in every single detail, from the Italian kitchens to the beautiful marble floorings and the stylish textures and fittings.

Each residence enjoys up to 1600 m2 of garden and patio area with a private in infinity type swimming pool, while its roof garden offers an undistracted panoramic view of the crystal Mediterranean waters and picturesque surroundings. The outdoor ambiance and facilities of these properties help extract the most out of the warm weather of the Mediterranean climate – close to 320 days of sunshine a year.

Developer

A. Akathiotis Developers was founded in 1992 by Andreas and Maria Akathiotis. Twenty five years later the second generation of the family ha…
Details about Akathiotis