Apartment in Potamos Germasogias

5317, Cyprus

For Sale

€1,200,000

REF: 649421 €1,200,000


2

1

101 m2

Description

Gorgeous 2 bedroom residence on 18th floor in a new high-rise complex in the heart of Germasogeia district. Access to private residences is limited by special elevators; In all residences, impeccable quality is manifested in attention to detail, such as large entrance doors with appropriate fittings and locking system and marble floors of the highest quality.

Ceilings with hidden lighting systems. The residences have energy-saving windows and huge floor-to-ceiling glass doors, providing enough natural light to fill the space of all rooms. Hidden air conditioners and underfloor heating provide living spaces with a warm atmosphere and comfort. The kitchens are equipped with cabinets of European quality and island racks with smooth edges, fully integrated with household appliances of famous brands.

Complex provides hotel-style 24/7 accommodation, 24/7 cleaning service, chauffeur service, etc. Also, clients are offered a special system of renting out their apartments (long-term and short-term). A dedicated management department decide which apartment should be rented out and for how long, in order to maximize the profit for its owner.

The conservative forecast of profitability is 5% per year.The building has two levels of covered parking. Each apartment has its own parking and storage room. Pool: Yes Air conditioning: Yes Heating: Yes Sauna: Yes (FACILITIES) Parking: Yes Storeroom: Yes Gym: Yes FACILITIES Jacuzzi: Yes FACILITIES Elevator: Yes Possible with animals: Yes Year of construction: 11/2021 Gated complex: Yes New building: Yes Distance to the sea: 100 m Energy efficiency class: A Communal fees - EUR 350 per month There are several compelling reasons to consider buying property in Limassol, a vibrant coastal city located on the southern coast of Cyprus.

Limassol offers a unique blend of history, culture, natural beauty, and economic opportunities, making it an attractive destination for both investors and individuals looking for a place to call home. 1. Economic Growth: Limassol is experiencing rapid economic growth, with various sectors such as tourism, finance, shipping, and real estate thriving.

The city has become a regional business hub, attracting international companies and investment, creating a robust job market and driving economic prosperity. 2. Property Investment Potential: Investing in property in Limassol offers excellent potential for return on investment. The city's real estate market has seen consistent growth, with rising property values and rental yields.

Whether you're looking for a holiday home, a rental property, or a long-term investment, Limassol presents numerous opportunities. 3. Stunning Coastal Location: Limassol boasts beautiful sandy beaches, crystal-clear waters, and a Mediterranean climate, making it an ideal destination for those seeking a relaxed coastal lifestyle.

The city's coastline offers a range of water activities, from swimming and snorkeling to sailing and water sports. 4. Rich History and Culture: Limassol has a rich historical and cultural heritage. The city is home to significant archaeological sites, such as the ancient city-kingdom of Amathus, which dates back to the 11th century BC.

Limassol also hosts various cultural events, festivals, and exhibitions throughout the year, showcasing the island's diverse traditions and arts. 5. Modern Infrastructure: Limassol boasts modern infrastructure and amenities, including world-class marinas, international schools, medical facilities, shopping centers, and leisure activities.

The city has undergone significant development in recent years, offering a high standard of living and convenience for residents. 6. International Community: Limassol attracts a diverse and cosmopolitan community, with residents and investors from all over the world. This multicultural environment creates a vibrant atmosphere and provides an opportunity for networking and cultural exchange.
Gorgeous 2 bedroom residence on 18th floor in a new high-rise complex in the heart of Germasogeia district. Access to private residences is limited by special elevators; In all residences, impeccable quality is manifested in attention to detail, such as large entrance doors with appropriate fittings and locking system and marble floors of the highest quality.

Ceilings with hidden lighting systems. The residences have energy-saving windows and huge floor-to-ceiling glass doors, providing enough natural light to fill the space of all rooms. Hidden air conditioners and underfloor heating provide living spaces with a warm atmosphere and comfort. The kitchens are equipped with cabinets of European quality and island racks with smooth edges, fully integrated with household appliances of famous brands.

Complex provides hotel-style 24/7 accommodation, 24/7 cleaning service, chauffeur service, etc. Also, clients are offered a special system of renting out their apartments (long-term and short-term). A dedicated management department decide which apartment should be rented out and for how long, in order to maximize the profit for its owner.

The conservative forecast of profitability is 5% per year.The building has two levels of covered parking. Each apartment has its own parking and storage room. Pool: Yes Air conditioning: Yes Heating: Yes Sauna: Yes (FACILITIES) Parking: Yes Storeroom: Yes Gym: Yes FACILITIES Jacuzzi: Yes FACILITIES Elevator: Yes Possible with animals: Yes Year of construction: 11/2021 Gated complex: Yes New building: Yes Distance to the sea: 100 m Energy efficiency class: A Communal fees - EUR 350 per month There are several compelling reasons to consider buying property in Limassol, a vibrant coastal city located on the southern coast of Cyprus.

Limassol offers a unique blend of history, culture, natural beauty, and economic opportunities, making it an attractive destination for both investors and individuals looking for a place to call home. 1. Economic Growth: Limassol is experiencing rapid economic growth, with various sectors such as tourism, finance, shipping, and real estate thriving.

The city has become a regional business hub, attracting international companies and investment, creating a robust job market and driving economic prosperity. 2. Property Investment Potential: Investing in property in Limassol offers excellent potential for return on investment. The city's real estate market has seen consistent growth, with rising property values and rental yields.

Whether you're looking for a holiday home, a rental property, or a long-term investment, Limassol presents numerous opportunities. 3. Stunning Coastal Location: Limassol boasts beautiful sandy beaches, crystal-clear waters, and a Mediterranean climate, making it an ideal destination for those seeking a relaxed coastal lifestyle.

The city's coastline offers a range of water activities, from swimming and snorkeling to sailing and water sports. 4. Rich History and Culture: Limassol has a rich historical and cultural heritage. The city is home to significant archaeological sites, such as the ancient city-kingdom of Amathus, which dates back to the 11th century BC.

Limassol also hosts various cultural events, festivals, and exhibitions throughout the year, showcasing the island's diverse traditions and arts. 5. Modern Infrastructure: Limassol boasts modern infrastructure and amenities, including world-class marinas, international schools, medical facilities, shopping centers, and leisure activities.

The city has undergone significant development in recent years, offering a high standard of living and convenience for residents. 6. International Community: Limassol attracts a diverse and cosmopolitan community, with residents and investors from all over the world. This multicultural environment creates a vibrant atmosphere and provides an opportunity for networking and cultural exchange.
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Currency Exchange

5317, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,200,000 £993,972 £1,031,340 £37,368
Property Price € €1,200,000
Minimum cost in the last six months £993,972
Maximum cost in the last six months £1,031,340
Fluctuating exchange rates over the last six months could have increased the cost of this property by £37,368

5317, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,200,000 £993,972 £1,031,340 £37,368
Property Price € €1,200,000
Minimum cost in the last six months £993,972
Maximum cost in the last six months £1,031,340
Fluctuating exchange rates over the last six months could have increased the cost of this property by £37,368

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £37,368 more.

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