This luxury building represents a significant investment opportunity

City Center, Limassol, Cyprus

For Sale

€585,000

REF: 114930 €585,000


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Description

This luxury building represents a significant investment opportunity. It is a multi-level apartment building located in the heart of Limassol, very close to the university campus and a short walk to Limassol s business and shopping district, the seafront and the new marina complex.Conceived as project that will appeal to students and young business professionals, there are 18 one-bedroom apartments and 2 two-bedrooms top floor penthouse apartments.

Striking modern styling, excellent configuration, and top-class build quality makes the building both visually attractive and highly desirable as a home base for its targeted occupiers. Tehnical Specifications: Structure & WallsReinforced concrete slabs and columns. Anti-seismic design according to the latest state regulations.- External Walls: 30 cm thick clay bricks 3 layers of plaster and paint externally.- Internal Walls: 10 cm thick clay bricks.2 layers of plaster one layer of spatula.

3 layers emulsion paint. Insulation - Slabs in Contact with Earth: Layer of damp proof membrane of Heavy Duty Nylon.- Verandas/Joinery to External: One coat of primer Polyurethane Liquid Membrane.- Slabs/Joinery with Walls: One coat of primer Polyurethane Liquid Membrane. Floor FinishesInternally: Floors in all areas internally will be tiled with ceramic tiles of clients choice and laminated floor for the bedrooms.- Staircase Entrance: From natural marble or granite 2cm thick or any other material that combines with the internal and external decoration.- Verandas: Ceramic tiles will be placed chosen in combination with the external design of the building.

- Bathrooms & Toilets: Ceramic floor tiles up to door height chosen by customer.- Kitchen: Ceramic tiles between kitchen cupboards and floor chosen by customer. Doors & Windows -Main Entrance Door: Imported from Italy.- External Doors & Windows: Double glazed, tinted glass, aluminum sliding /opening door/window.- Internal Doors: Imported from Italy and selected by customer.

Carpentry - Kitchen: Imported and selected by customer.- Bathroom Cupboards: Imported and selected by customer.- Bedroom Cupboards: Imported and selected by customer. Sanitary WareHigh quality sanitary ware chosen by customer. Heating & Cooling- All necessary provisions for wall mounted air condition split units in all rooms.

Provision for storage heating installation in all rooms. Electrical Installation - All necessary installations according to the Electromechanical Department requirements and specifications.- Provision for pressure water system on the roof.- Video Phone main entrance. Solar Heaters A solar panel with an electric heater and a plastic 800lt cold water reservoir will be installed on the roof.Boundary/Perimeter wallReinforced concrete wall.

Entrance of Building Natural marble of granite or other material that will comply with the design of the building.Access Control Panel on the main entrance of the building. RailingsDouble Glazed Glass.LiftHigh quality electric system. Extra Provisions on RequestPlasma TV instalationSecurity System Pre-wiringHome Cinema SystemWiFi internet access point Price + VAT
This luxury building represents a significant investment opportunity. It is a multi-level apartment building located in the heart of Limassol, very close to the university campus and a short walk to Limassol s business and shopping district, the seafront and the new marina complex.Conceived as project that will appeal to students and young business professionals, there are 18 one-bedroom apartments and 2 two-bedrooms top floor penthouse apartments.

Striking modern styling, excellent configuration, and top-class build quality makes the building both visually attractive and highly desirable as a home base for its targeted occupiers. Tehnical Specifications: Structure & WallsReinforced concrete slabs and columns. Anti-seismic design according to the latest state regulations.- External Walls: 30 cm thick clay bricks 3 layers of plaster and paint externally.- Internal Walls: 10 cm thick clay bricks.2 layers of plaster one layer of spatula.

3 layers emulsion paint. Insulation - Slabs in Contact with Earth: Layer of damp proof membrane of Heavy Duty Nylon.- Verandas/Joinery to External: One coat of primer Polyurethane Liquid Membrane.- Slabs/Joinery with Walls: One coat of primer Polyurethane Liquid Membrane. Floor FinishesInternally: Floors in all areas internally will be tiled with ceramic tiles of clients choice and laminated floor for the bedrooms.- Staircase Entrance: From natural marble or granite 2cm thick or any other material that combines with the internal and external decoration.- Verandas: Ceramic tiles will be placed chosen in combination with the external design of the building.

- Bathrooms & Toilets: Ceramic floor tiles up to door height chosen by customer.- Kitchen: Ceramic tiles between kitchen cupboards and floor chosen by customer. Doors & Windows -Main Entrance Door: Imported from Italy.- External Doors & Windows: Double glazed, tinted glass, aluminum sliding /opening door/window.- Internal Doors: Imported from Italy and selected by customer.

Carpentry - Kitchen: Imported and selected by customer.- Bathroom Cupboards: Imported and selected by customer.- Bedroom Cupboards: Imported and selected by customer. Sanitary WareHigh quality sanitary ware chosen by customer. Heating & Cooling- All necessary provisions for wall mounted air condition split units in all rooms.

Provision for storage heating installation in all rooms. Electrical Installation - All necessary installations according to the Electromechanical Department requirements and specifications.- Provision for pressure water system on the roof.- Video Phone main entrance. Solar Heaters A solar panel with an electric heater and a plastic 800lt cold water reservoir will be installed on the roof.Boundary/Perimeter wallReinforced concrete wall.

Entrance of Building Natural marble of granite or other material that will comply with the design of the building.Access Control Panel on the main entrance of the building. RailingsDouble Glazed Glass.LiftHigh quality electric system. Extra Provisions on RequestPlasma TV instalationSecurity System Pre-wiringHome Cinema SystemWiFi internet access point Price + VAT
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Property on Map

#SL18486

Currency Exchange

City Center, Limassol, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €585,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€585,000 £497,654 £512,776 £15,122
Property Price € €585,000
Minimum cost in the last six months £497,654
Maximum cost in the last six months £512,776
Fluctuating exchange rates over the last six months could have increased the cost of this property by £15,122

City Center, Limassol, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €585,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€585,000 £497,654 £512,776 £15,122
Property Price € €585,000
Minimum cost in the last six months £497,654
Maximum cost in the last six months £512,776
Fluctuating exchange rates over the last six months could have increased the cost of this property by £15,122

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £15,122 more.

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