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Investment Property » For Sale » Cyprus » Famagusta » Protaras » Blue Electra - Completed June 2006    

Blue Electra - Completed June 2006


Location

Cyprus
Famagusta
Protaras
Kapparis

Available units

  

1 Bedroom Ground floor
65000 CYP

  

2 bedroom ground floor
94000 CYP

  

2 Bedroom First Floor
89m2 - 97m2 from 99000 CYP to 105000 CYP

  

2 Bedroom penthouse apartment
72m2 - 91m2 from 85000 CYP to 89000 CYP

  

3 bedroom penthouse
114000 CYP

Delivery date: June 2006
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Property ID: 272142


     
 

 Description

Key selling points

  • Established complex - potential for rental income for 2007season
  • 80% Mortgages with 5 year interest only option available
  • Access to our investment & management service
  • Property Management and Lettings service available

This is a newly bulit complex completed in June 2006.  It is a small complex of 42 1, 2 and 3 bedroom apartments set around a large freeform communal pool in landscaped gardens. 

All apartments have a spacious open plan living area and all fixtures and fittings are delivered to high specification.  Apartments come complete with fitted wardrobes, Italian kitchens, air conditioning/heating unit, and all white goods (fridge freezer, oven, hob, extractor, dishwasher and washing machine).

This development is already popular and apartments are great holiday flats.  In a popular tourist location there is a good potential rental market.  Development was completed in June 2006 and all apartments available are bradn new.  There is a great potential for rental income for the 2007 season. 

Ground floor apartments have genrous gardnes and the second floor apartments have shaded or open terraces. 

1 bedroom apartment - CYP 65,000

2 bedroom apartment - CYP 85000 - CYP 105,000

3 bedroom apartment - CYP 114,000

 

Investment Opportunity

Mortgage funding is available up to 80% of the purchase price for up to 30 year terms (subject to status). The complex is well established and is ready for rental for the 2007 season

We run investor weekends and familiarisation trips throughout the year and encourage investors to visit their property before they buy.

About the Region

Situated in a superb location in a quiet residential neighbourhood of Protaras, the sandy beach at Blue Water Bay is only a 5-minute walk away. The main road into town, offering a number of restaurants, bars and shops, is just around the corner. The charming town of Paralimni is 10 minutes drive away. Whilst the busy resort of Ayia Napa is only 15 minutes away. Larnaca and the international airport are approximately 50 minutes by car.

Protaras lies in Fig Tree Bay, one of the loveliest in Cyprus. Sitting on the south east coast of the island, the tourist destination of Protaras is blessed with crystal blue waters, endless secluded coves, sandy beaches and picturesque traditional windmills.

Famagusta, once the jewel of the Mediterranean and now a ‘ghost town’ in the occupied north, is only a few kilometers from Paralimni, which is ideally placed to benefit fully from any future regeneration of Famagusta.

The area is served well by Larnaca Airport, a 50 minute drive away whilst the resort of Ayia Napa and its nightlife is just 15 minutes away.

 Financing

Mortgages with 5 years interest only option are available

 
     
     
 

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