LUXURY RESORT IN LIMASSOL

LUXURY RESORT IN LIMASSOL

It is found at about 20minutes drive from Limassol, it is built upon the west bank of the Vasilikos River.
The region, privileged in many respects, mainly because of the Vasilikos River that secured irrigation and watering and also because of its metal-bearing deposits, was densely populated since ancient times. Today the region is a very significant archaeological site. ''The Tenta'' settlement-as well as other settlements discovered in the region-present a special interest. Agro tourism has been popular in the region for many years with many traditionally renovated properties offering superb accommodation in the heart of the village.
The village is connected by road to the Nicosia-Limassol highway that runs south of the community . Today it is a developing community with all the comforts that modern times have to offer. Local services in the village itself include: Community Council, Library, kindergarten, Municipal School of kalavasos, bank, Restaurants, cafes, take away, supermarkets, shops, pharmacy, bakery, butchers, petrol station, carpenters, garages.
The resort itself has been designed to make the most of the mountainous land providing breathtaking views across the countryside/sea. It is set on over 50,000 sq.m of land with a total build of just over 5000sq.m.The 114 apartments have been designed in small blocks offering max privacy to the residents. Each block compromises of two buildings housing seven apartments and a communal pool/courtyard. Instead of overcrowding the area with apartments, a large number of facilities have been provided to create walkways, Organic vegetable gardens, Church.
Just a stone throw away is Zygi( very popular fishing village) and Governors Beach. Plans to create in Zygi one of the biggest Marinas in Europe has already been approved by the Government. There are also provisional plans to create a huge theme park and golf course in the area which will attract greater capital growth for neighboring properties/land.

Price list :

No of Beds	Apt Nos.	Floor	Size sq.m covered	Semi Covered terrace	Price Per sq.m (Cov)	Price CYP
studio	6	1st	30	21	1320	39,600.00
1	1&2	Gnd	50	none	1265	63,250.00
1	7	1st	50	40	1375	68,750.00
1	4	Gnd	50	none	1265	63,250.00
2	5	Gnd	90	none	1265	113,850.00
2	3	1st	85	24	1375	116,875.00

Payment Structure:

Incentive1

For local residents-100% Finance for purchase –No deposit required

In house financial package available for 85% of purchase. Developers will pay the 15% deposit on behalf of the purchaser thus achieving 100% finance. The only other cost to the purchaser is the arrangement fee of (CY250) for the finance +Solicitors cost (CY600)+0.75%bank charge.

Payment Structure         Reservation Fee                                                                          £CY3000.00
                                       Deposit (payable upon signing of contracts)                                   £CY NILL
                                       25% to be paid30days after the signing of contracts                       £CY.............
                                       20% to be paid up on completion of the main structure                  £CY..............
                                       30% to be paid up on completion of internal tiling                           £CY..............
                                       25% to be paid up on final completion of unit                                 £CY..............

(The initial £3000.00 reservation fee will be used towards the various administrative charges as detailed above-any balance remaining will be refunded).

For foreign purchasers an overall finance package for up to 90% of the purchase price can be achieved (max 15 year period and 1.5% finance charge).

Payment Structure          Reservation Fee                                                                         £CY3000.00
                                       10%Deposit(Payable upon signing of contracts)                             £CY...........
                                        25%to be paid30days after the signing of contracts                       £CY...........
                                        20% to be paid upon completion of main structure                         £CY...........
                                        20% to be paid upon completion of internal tilling                           £CY...........
                                        25% to be paid upon final completion of unit                                  £CY...........

(The initial £2000.00 reservation fee will be used towards the various administrative charges as detailed above-any other amounts due will be requested accordingly).

Incentive 2

For local and foreign purchasers -Guaranteed rental return of 6%(based on purchase price) for 2years

The developer will enter into a contract with the purchaser and will agree to pay on a monthly basis an amount that accumulates to provide a 6%gross return on an annual basis. The developer is entitled to rent the unit during the 2years RG period and fair wear and tear will allowed during the tenancy.

Payment structure          Reservation Fee                                                                        £CY4000.00
                                      15%Deposit(Payable upon signing of contracts)                            £CY..........
                                       20%to be paid30days after the signing of contracts                      £CY..........
                                       20%to be paid upon completion of main structure                         £CY..........
                                       20%to be paid upon completion of internal tiling                           £CY..........
                                       25%to be paid upon final completion of unit less res.fee                £CY.........

(The initial £4000.00 reservation fee will be used towards the various administrative charges as detailed above-any balance remaining will be refunded).

Incentive 3-outright sale -Negotiate up to max 10%discount

Payment structure         Reservation Fee                                                                        £CY4000.00
                                      15%Deposit(Payable upon signing of contracts)                            £CY..........
                                       20%to be paid30days after the signing of contracts                      £CY..........
                                       20%to be paid upon completion of main structure                         £CY..........
                                       20%to be paid upon completion of internal tiling                           £CY..........
                                       25%to be paid upon final completion of unit less res.fee                £CY.........

(The initial £4000.00 reservation fee will be used towards the various administrative charges as detailed above-any balance remaining will be refunded).

For further details and information please contact us 8000-8222 OR e-mail info@chris-michael.com.cy

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