http://www.overseasproperty24.co.uk/en/abroad_properties/atlantik_mittelmeer_sued_europa/138.html?allagents_id=779&ref_no_p2=126221%2F779%5Bgpg%5D&category=House
House (House) for sale in Famagusta, Famagusta, South Cyprus Cyprus
Country:
Cyprus, South Cyprus
Location:
Famagusta, Famagusta area
Type:
New
Style:
Detached Villa
Size:
111 sq m
Bedrooms:
3
Garden:
Not Specified
Terrace:
41 sq m
Features:Optional Pool, Parking: Driveway
Plot Size:195
Description
Viewing Info.
Rental Pack
Property Description
This is a high standard project which consists of different types of luxurious front sea view villas and bungalows comprising of three and four bedrooms. Comfortable and functional homes designed to the finest detail for both holidays and permanent living.The complex is located in Ayia Thekla resort, an area blessed with the sea and the sun, the colour and the aroma of the most beautiful parts of Cyprus only a few minutes away from the famous fishing harbour of Potamos and its traditional tavernas. Restaurants, pubs and supermarkets can be found in just 10 minutes drive away.Ground Floor:1 Bedroom, shower room, kitchen, dining room, living room with fireplace, guest toilet,veranda and storage room.First Floor:2 Bedrooms both en-suit, and veranda.Optional private swimming pool.
Development Details
The development is a project consisting of various type of 3 bedroom villas all of a superb standard around a communal pool. These are modern styled, comfortable and functional homes designed to the finest detail for both holidays and permanent living.
Build Schedule
Starting September 2005, Completion January 2007
PAYMENT TERMS
CY 1.000 deposit
30% on signing of preliminary contract
20% on construction of shell
20% on brick work
20% on tiling & flooring
10% on delivery
Investment Information
There are a number of reasons why this development offers an excellent investment opportunity. It is located on one of the last sea front plots in the area, opposite a little fishing harbor and beautiful sandy beach. The project is a low build density and is the only all detached villas in the area. There is very good rental potential, with properties in the area achieving CY£ 100-120 per day. Since its entry into Europe in 2004, equity growth has been significant, 15% over the last year. The forecast for growth in 2006/2007 is 10%.
Taxation Information
There are a number of financial reasons why Cyprus is a great place to live. As long as you spend more than 182 days a year in the country, you will only pay 5% income tax. There is a double tax treaty with the UK which means that pensions are not taxed at home; Capital Gains Tax on the sale of a property is 20% and there are a wide range of duty-free exemptions that cover everything from household goods to cars and boats!
Thousands of properties at http://www.overseasproperty24.co.uk
overseas property ads
<< Back to article
