Land / Ruins for sale in Zakaki, Cyprus

Property Description

PLOT AT ZAKAKI IN LIMASSOL INVESTMENT PROJECT Property Under Study Residential commercial development Plot size 3666m2 Building density 100 735m2 VERANDAS Architectural plans ready Building permits 2 4 month Owned by company as only asset no transfer fees Characteristics This project is situated in one of the most recently developed areas of Limassol town a new marina with 1000 births for yachts is planned together with office buildings and residential properties The area is an extension of Molos one of the most important features of Limassol its gateway to the rest of the world the sea front known as Molos or the Embankment a meeting point of the local people This area was turned in an open air Sculpture Park with works of art created by Cypriot Greek and international artists This extension will reach the new port and be just moment away from the Ladies Mile project The beautiful Ladies Mile beach is just a few minutes drive away being located near the New Limassol Port which is only a 10 15 minute drive from Limassol Town centre Here you can walk along the golden sandy beach swim in the crystal calm waters or even participate in the water sports facilities The water here is shallow and very clear so it s safe for children and the sand runs for miles so if you d prefer some peace and quiet you will be sure to find it here Ladies Mile beach is one of the most popular windsurfing spots on the island due to its flat shallow water Within walking distance from the development is Tiffany the biggest shopping mall in Cyprus The Tiffany centre will combine shopping entertainment leisure and culture facilities all under one roof and is located at Zakaki 10 minutes from Limassol town centre The new mall will officially open in August 2008 and will house top international fashion brands electronic goods cosmetics home accessories jewellery toys gifts caf bars a web caf fast food and family restaurants an ice skating ring and an amusement park and arcade There are also plans for a beauty and hairdressing salon mini market a bank patisserie a pharmacy florist and a newsstand Not all shops will be for sale but will instead be licensed to retailers almost half of them are already booked by international retailers the management company have said The new mall will offer easy access and free parking for 1 300 cars It will also offer childcare and nanny service for shoppers Description of proposed development 24 One bedroom apartments 12 Two bedroom apartments 6 Three bedroom apartments 2 Office floors Competitive advantage New development area followed by large economic investments 1 Proximity of beach residential facilities of best quality 2 Delivery of project followed by completion of area development All prices quoted are recommended and of suggested off plan prices 3806m2 apartments Cyp 1300 per m2 595m2 office shops Cyp 1600 per m2 Customer Profile We would expect to have clients who are between 40 65 years old looking for investment opportunity home holiday destination with rental potential business opportunity and second house The area is very urban and is offering most needed residential facilities but at the same time is offering residential peace of mind Cyprus Banks are approving up to 80 finance and grace period time for our clients Notes 1 After start of works the prices increase according to the progress of works usually by 3 percent quarterly 2 When completed development will have an appreciation of minimum 30 percent 3 Note that for the last 10 years the property appreciation in Cyprus is 15 however for beachfront properties due to supply and demand it is expected to be higher Services and Facilities Property Rental Our Management Company will undertake to rent out you