2 bedroom apartment for sale

£2,400,000

2

Bedrooms

Two Bedroom Apartment For Sale in St Raphael Marina, Limassol- Title Deeds (New Build Process)

LAST REMAINING APARTMENT !! (102)

Spacious luxury 2 bedroom apartment with 5* hotel services, located within a residential project providing the advantages of beachfront location, security, inspiring architecture and breathtaking sea views. The common lounge areas, the beautiful garden with sea view, gym and sauna are a great way to relax and relief some stress! You will be able to relax in the natural world of your own private balcony on your secluded sun terrace, where remarkable panoramic views over the landscaped gardens to the water's edge and across Limassol Bay will take your breath away. The apartment is just meters from the St Raphael Marina and set in private grounds that sweep down to touch the sands of the beach, which stretches for kilometres and is bordered by a waterfront walking and cycling path. Some of the best restaurants that Limassol has to offer are nearby, together with many shops, cafes and five-star hotels. All of these are within walking distance. A short drive will get you to the city's main shopping area, the central business district, the old port and the bustling Limassol Marina complex. There is also easy access to the highway that links the island's main centres to the international airports at Paphos and Larnaca.

- Two double bedrooms with fitted wardrobes and en-suite

- Open plan living - dining - kitchen area

- Guest WC

- Lobby & Reception

- Swimming pool changing area

- Communal swimming pool

- Covered pool kiosk

- Gym

- Kids playground

- Gated entrance

- Laundry services

- Storage room

- Parking

- Visitors parking

- 1 Staff bedroom

- Internal 112 m2

- Covered veranda 26 m2

- Communal Fee TBC

- Beachfront location

- 3 Minutes to all amenities

- 40 Minutes to either Paphos and Larnaca International Airports

- Suitable for Cyprus Permanent Residency - Fast Track

- Subject to VAT

- Energy Efficiency A

Limassol

Limassol is Cyprus' cosmopolitan capital, its most important business district and a vibrant modern playground. It is consistently ranked as one of the world's leading cities for quality of life. Nowhere in Cyprus is there a richer mix of modern culture and fascinating heritage.

The city offers an active, vibrant and varied choice of restaurants, stylish cafes, bars and chic lounges. Limassol is a city on the southern coast of Cyprus. It's known for the centuries-old Limassol Castle, home to the Cyprus Medieval Museum and its collection of pottery and tombstones. On the seafront is the Prokymea (Molos) Sculpture Park, with sculptures by Cypriot, Greek and international artists.

To the northeast is the Limassol Archaeological Museum, exhibiting artefacts from the Neolithic to the Roman periods. Contrast this with the new marina and vibrant nightlife the city as to offer something for everyone.

------------

* Title Deeds (New Build Process)
* Communal Swimming Pool
* Staff Bedroom
* Suitable for Cyprus Permanent Residency - Fast Track
* Subject to VAT
* Under Construction - Due Delivery Nov 2022
* Energy Efficiency A

St Raphael Marina
St Raphael Marina

County: Limassol

Sale Type: For Sale

Ref #: DTA031N2F/102*
New Home: New Home

Nearest Stations:

1945.85 miles
Deal
1945.94 miles
Walmer
1946.42 miles
Martin Mill
1946.9 miles
Dover Priory
1948.18 miles
Dumpton Park

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 2061950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 60000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 261950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message