Sunday, February 11, 2007

Off-plan Cyprus Properties - LA6, Larnaca


Description: Just 900 meters from the Larnaka - Dekelia Seafront. Six 2 bedroom, spacious 85 sq.m apartments with spacious 13 sq.m of covered verandas. Building beautifully designed, with high quality finishings. The whole area is booming from new construction and prices are on a constant rise.

Apartments are priced at £70,000 (£57,000 with discount) and the whole building is offered at £340,000 (at 19% discount). Some of the apartments are reserved by us and other investors so you can participate in this venture and enjoy the 19 % discount. Minimum requirement is 2 apartments per investor.

Buy to Sell Investment Plan : You purchase a luxurious "off-plan", 2 bedroom apartment by the beach for £57k*. You put £17K and the remaining £40K is due in 1.5 year when the project will be completed. When the project is close to finishing (a few months before completion) you sell the property for £80K (properties appreciate by more than 20% when they are completed) and make £23K or more than 100% return on investment!

Buy to Let Investment Plan : You purchase a 2 bedroom apartment for £57K* (with for 2 or more flats). You put £13K and the remaining £44K is mortgaged for 25 years. Your monthly instalment will be around £310. The rental income is around £450. This means an annual rental return of 9.4% and an annual income of £1680! In addition to this, you will also have the annual appreciation which is estimated to be more than 20%.


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