St Chris Gardens, Cyprus

St Chris Gardens summary

Fantastic Key In Hand Opportunity Discount of 63,000€ from current valuation, pre-approved mortgage in place.

• Key ready
• Quick completion process
• White goods and air conditioning included
• Communal swimming pool and allocated parking
• Rental guarantee option available
• Exclusive, intimate development

Total investment property package

Entrance strategy for investors

• Fantastic investment
• 100% mortgage available - completion costs payable
• Full legal and financial assistance in place
• Key in hand properties
• Full sales support from Ward & Co

Management strategy

• Approved rental agents in place
• Guaranteed rental option available
• Furnishings options available

Exit strategy

• Healthy capital growth
• High rental yields
• Oversupply will not occur due to strict planning regulations

The property

These apartments are amidst some of the most breathtaking landscapes of Southern Cyprus. St Christopher’s Gardens offer 8 two bedroom apartments and 6 one bedroom apartments.

• Communal swimming pool
• Allocated parking
• White goods included
• Airconditioning included
• All the two bedroom apartments include an en-suite shower, toilet and wash basin in the master bedroom.

The apartments are finished to a high standard with fully fitted kitchens with granite worktops as standard included. There are abundant fitted wardrobes for every bedroom, discreet space for a washing machine, air conditioning units (splits units – hot and cold) in every bedroom and also one in the kitchen/living room area.

The development

St Christopher’s Gardens is situated in Anafotia, a delightful village 6km from the beach, 3 km from the popular town of Mazatos and 15km from Larnaca airport.

Anafotia is situated slightly inland and perfectly positioned to offer a relaxing sejour from a hard day’s golf, visiting the beaches or the numerous distractions the area offers.

If it is pursuits that you are looking for there are 3 golf courses planned for the area, one just 10 minutes drive away which is set to be PGA approved set within a 5 star resort and is expected to be completed in 2011.

St Christopher’s Gardens is just a short walk from the local village with its laid-back bars and traditional restaurants, perfect after a day’s relaxation or enjoying the cultural and historical diversity popular, with all visitors.

The region

For a number of years, Cyprus has enjoyed steady growth with a robust rental market producing excellent rental returns for investors. With the governments continued restriction of supply, investment in infrastructure and increasing demand for properties, both to purchase and to rent, the outlook looks very promising.

This is no more apparent than on the South East Coast of Cyprus. Already a popular tourist destination, the construction of three golf courses, one of which will be a 10 minute drive away set within a 5 star resort, the investment in infrastructure through marinas and upgrading accommodation, improving access to the area through development and upgrading of key roads and the expansion of Larnaca airport will all contribute to the continuing popularity of this area for second homes and tourists alike. With the addition of other leisure pursuits, such as marinas and the already stunning landscapes and beaches, Larnaca offers a number of attractions making this very attractive to the investor.

Cyprus’s appeal spreads throughout Europe, it is not limited to a small selection of overseas visitors but is popular throughout Central and Eastern Europe, Russia, Scandinavia, Greek mainland and also the Cypriot inlanders escaping the cities. With occupancy figures already healthy and on the increase, the increasing popularity of the area will no doubt increase rental yields which will further boost growth figures.

With rental yields high, the perfect combination to produce a low breakeven point and healthy monthly buffer is a competitive mortgage product. Cyprus’s interest rates are competitive and with increasingly flexibility in packages for overseas purchasers, Cypriot Mortgage application processes are much more simplified. Their anglicised application processes, competitive packages and mortgage pre-approvals offer a reassuring service ideally suited to busy investors. All can be conducted within the UK.

In summary, this is an excellent investment opportunity and a chance to own a luxurious apartment with a secure rental and growth strategy in Cyprus. Proximity to the new golf course will ensure a strong demand for these apartments where supply is limited by Cypriot stringent planning laws. Demand continues to increase as a result of continued investment in infrastructure in this area and the continued marketing of Larnaca as a favourable alternative to the more expensive, touristy Paphos. With interest rates and operational costs low, the difference between income and the breakeven point is healthy and reduces the risk of an overseas investment. An opportunity not to be missed!

Investor data

Rental

• Robust rental market
• With the governments continued restriction of supply, investment in infrastructure and increasing demand for properties, rental market will increase
• With proper marketing and management a positive cash flow position can be achieved from holiday home rentals
• Professional rental agent in place
• Close to: Restaurants & Bars, Golf, Sea & Beaches to ensure maximum appeal
• Popular throughout Central and Eastern Europe, Russia, Scandinavia, Greek mainland and also the Cypriot inlanders escaping the cities

Capital growth & ROI

• 100% Bank funding pre-approved mortgages in place (subject to status)
• Available at 63,000€ below current bank valuation
• Popular area with local & international appeal
• Quality development
• Well appointed spacious apartment

Purchasing terms

Rental

• Robust rental market
• With the governments continued restriction of supply, investment in infrastructure and increasing demand for properties, rental market will increase
• With proper marketing and management a positive cash flow position can be achieved from holiday home rentals
• Professional rental agent in place
• Close to: Restaurants & Bars, Golf, Sea & Beaches to ensure maximum appeal
• Popular throughout Central and Eastern Europe, Russia, Scandinavia, Greek mainland and also the Cypriot inlanders escaping the cities

Capital growth & ROI

• £2000.00 payable on reservation