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Type: Investment Apartment Bargain
Status: SALE
Completion Date: Available
Location: Larnaca, Oroklini
Bedrooms: 2
Ref No: LAVOR-EVH-1001
Category: Apartments
Prices from:
€90000
£79279
Enquire about this property
Investment Apartment Larnaca

Description

Investment Apartment Larnaca

2 bedroom in a block of only 6 with communal pool in a beautiful local village with all amenities close by. Being sold to release equity only, guaranteed 5 years rental income up front.

Having the benefit of a full RICS survey valuation this year, valued at €103,000 Euro's they are already offering a discount on the 2016 market value of 15% which together with the 5 year rental discount make this an excellent investment with over 25% return on investment capital. Total of nearly 40% return with gaining equity on the secured assett for the lucky purchaser

2nd floor with lift and secured access, in a well kept complex with a good community proud of thier properties comprising 2 bedrooms, 1 ensuite, family bathroom, large lounge, separate kitchen diner, 3 balconies and access to the roof.  Airconditioned, pressurised water system, allocated under cover parking. Being some 95 sq meters living area this is a large apartment. They do not build them that big in Cyprus anymore except for bigger costs, most new blocks are circa 75 sq meters.

Title deeds available

Option 1;  the current original owners, being 75 years of age, would like to remain in the property until they die, offering a discount of 5 years rent in advance to the buyer providing a legal agreement is in place to protect them and the buyer. After the 5 years the agreement would stipulate they pay market rent until such time they die or decide to move from the property for personal health reasons.

Option 2; sell the property outright and they would move but option 1 is the most preferred route. The British owners love living there, have owned the property from new and like the area, they would just like to release equity to enjoy thier lives to the full in Cyprus.

For more information on this opportunity please contact us.

Additional Images

Investment Apartment Larnaca Investment Apartment Larnaca Investment Apartment Larnaca Investment Apartment Larnaca Investment Apartment Larnaca
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Just a small note to thank your company for finding the property of our dreams in Cyprus.

We would like to thank Brigitta for all the help she gave us.Driving us round all over the place and finding superb properties.Nothing was to much...

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