flat, CPL Fee: 21.00, Fully Managed, Village, Complex, Development, Resort, golf, beach, Spa, Rural, swimming pool, parking, Management, No Smoking, Suitable For Children, balcony, terrace, Allocated Parking, central heating, air conditioning, DVD Player, Fax, Satellite / Cable TV, Telephone, Television, 10 % of valuation price to be paid as deposit until completion, Developer will pay 6% of the deposit til completion, No staged payments, 55% mortgage upon completion, Residential Property
1 bedroom flat for sale:Sunset Springs, Limassol, Cyprus
Sunset Springs Resort, a modern luxury 5 star development. Comprising 112 apartments 26 x 1 bedroom units and 86 x 2 bedrooms units. Located only 10 min drive from the centre of Limassol and waterpark "Watermania". Flights to Paphos and Larnaca airports. Deposits of only £7,000 only on any unit!! Completion 1st quater 2012..
THIS TOP CLASS DEVELOPMENT REQUIRES ONLY 7000 GBP RESERVATION FEE, FINANCE AGREED AND 5 YEARS INTEREST ONLY AVAILABLE ON COMPLETION. COMPLETE WITH AIR CON, FURNITURE, LEGAL COSTS INCLUDED.
- Key Features
Money into the deal£7000.00
PricesFrom €136,893 to €381,524
What's includedFurniture pack ready for long-term rental White goodsAir-conditioningCentral heatingCommunal swimming poolsSatellite connection and internet connectionFully fitted kitchensFully tiled floors and wooden parquet Fully fitted bathroomsAllocated parking spaceFree estate planning to include UK and Cypriot willsMortgage fees to bankSolicitors costsRENTAL MANAGEMENT COMPANY
Mortgage breakdownFinance agreedCharged at Libor - Bank discretionary rateNo mortgage payment during build
LocationSituated in Limassol, near CarrefourClose to designer Tiffany Shopping MallNear to the new golf course in the Zakaki areaStrong local long-term rental potential
Extras to be consideredMortgage packaging fee of 1% to be paid upon submissionBuildings insurance, to be arranged by the Cypriot bankLife insurance premiums to cover mortgage amountCommunal service chargeRental management charges
Development breakdown41 apartments across 4 blocks mixture of 2 bed apartments with 1 bathroom and 3 bed apartments with 2 bathrooms9 villas mixture of 3 and 4 beds with 1 or 2 bathroomsLarge covered balconies3 large outdoor poolsOn-site kids playground exclusively for residentsChanging rooms & showers
Completion date
18 months construction programme, delivery 1st quater2012
Plot Size: N/AMain Facilities
· Suitable For Children
No Smoking Swimming Pool Off Road Parking Air Conditioning Central Heating Cooking Facilities Satellite / Cable TV Home Entertainment / DVD Telephone / Fax Balcony Terrace
Sunset Springs Hotel - A SIPP-ABLE INVESTMENT
Sunset is situated right next door to the new Lanitis Golf. The new golf project will include an 18-hole championship golf course, hotel, private villas and apartments, a public golf-course and many other local community services. Our development itself is designed as a luxury 5-star resort and hotel - it will have all amenities on-site so those that do not want to play golf still have
lots of leisure and relaxation options open to them, right on their doorstep. The development of Sunset as a completely self-reliant and self-serving resort complex means that clients do not need to leave the complex if they don't want to and the rental options do not rely totally on golf.
The other main benefit of a golf development is the longer season. Many golfers do not want to play during the hot summer months, leaving the family market to enjoy the long hot summer. What this means for you is a much longer rental season than a straightforward beach location. The hotel part of the complex will take care of all bookings and day to day running and the resort management team will be based on-site, which means that the condition and appearance of the complex will be kept up to a high standard. Aside from the immediate benefits of being right next door to golf, the area has also seen massive investment in terms of the new shopping mall, ‚My Mall' the largest of its kind in Cyprus. Also within a 3 minute drive is one of the largest water parks in Cyprus and the nearest beach is less than 7 minutes away.
Retail Price
From €136,893 to €381,524
Standard Financial Package - Purchase
10% of valuation price to be paid as a deposit
The developer will pay 6% on the deposit until practical completion
Terms and conditions apply
No staged payments
55% Mortgage upon completion
Mortgage breakdown
Developer Mortgage or Bank Mortgage - whichever is available first
The developer mortgage will be fixed at 5%, interest only for 3 years
The bank mortgage will be subject to market rates at the time
All clients will revert to a bank mortgage as soon as one becomes available. For those that are not able to secure a bank mortgage, further terms will be offered by the developer.
Terms and conditions apply
How to purchase through your SIPP
Investor buyers only as no personal usage permitted.
UK clients that have frozen pensions that they can transfer into one new pension pot. Added incentive that they get tax relief from HMRC, dependent on their tax status - up to 40%!
Financials
Between 30% and 65% deposits - based on valuation price. The higher the deposit the better the incentive.
Remainder on financing through institutions that lend to the pension trustees. This will be organised in Cyprus. Ultimately clients are on a 35% loan to value only or lower so less risk for lenders as well.
FRACTIONAL PURCHASE ALSO AVAILABLE!
Properties divided into 1/12th shares and sold on this basis. Deeds for each unit have to be held in trust by the appointed lawyers in the UK for a period of 15 years, after which time, the unit is re-sold and each owner receives equal share of profits after costs. Fraction prices vary from around €22,000 to €68,000. No mortgages required in country - so cash purchasers. There is lending available in the UK for this type of purchase and more lenders are moving into the market as it is predicted as a growth industry. Clients can re-sale earlier but returns are not guaranteed. Annual management charges are very low and the trust company take on the responsibility of collecting all annual fees.
What's included
Furniture pack (SIPP Clients excluded - ask for more information)
Electrical pack
White goods
Air-conditioning
Communal swimming pools
1 years free club membership to the on-site Gym and Spa
Satellite connection to selected units
Fully fitted kitchens (not relevant to hotel suites for SIPP purchasers)
Fully tiled floors
Fully fitted bathrooms
Allocated parking space
Solicitors costs
18 months free communal maintenance charge (incentives vary according to buying method and deposit amount)