| Quick
highlights
- Low lead in price Cypriot property
- Creative finance package requiring just 7.5% deposit from £6629*
- Bank valuations in place through Alpha Bank
- Completions late 2008
- One and two bedroom apartments available
- Communal pool
- 500m from the beach
- 3km from the new Federation golf course
- Village location
- Just a short drive from Larnaca airport
The Development
The development is situated in the picturesque village of Pervolia just a short distance from Larnaca airport and a 15 minute drive to Larnaca town. The apartments are just 500 metres from the beach where you can enjoy the local water sports facilities or just enjoy the crystal clear waters.
Pervolia boasts a paved village square next to the church which comes to life in the evenings where locals and tourists mingle enjoying the restaurants and tavernas in this tranquil, warm and friendly environment.
The apartments are a good size with the one bedroom units at 51sq/m plus 11 sq/m patio/terrace and the two beds from 78sq/m plus 11 sq/m terrace. This small block of apartments benefits from it's own communal pool where you can relax during the day.
All in all this is a low cost lead in opportunity which you can use for part of the year yourself and then let as a holiday rental for the remainder of the year. It has a low initial investment with confirmed bank valuations from Alpha Bank in Cyprus.
Please click the links below for further information-Please note we are waiting for better copies of the information , however the files below will give you a good idea of what is on offer.
The files above may take a little while to open so please be patient. It will be worth it when you have read them.
Below are some photographs of the work in progress and view from the development.
 
 
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Prices correct at publication.sq/ft
sizes provided by developer. Please check prior to reservation.
* Price based on conversion 14th May 2008 at 1.29 to £ via yahoo.
The table below shows how the
property purchased at a net price of £135,995 could
grow over the next 10 years at 2%, 5% and 8%.
| % |
Yr1 |
Yr2 |
Yr3 |
Yr4 |
Yr5 |
Yr6 |
Yr7 |
Yr8 |
Yr9 |
Yr10 |
Potential
growth |
2% |
£138,714 |
£141,489 |
£144,318 |
£147,205 |
£150,149 |
£153,152 |
£156,215 |
£159,399 |
£162,526 |
£165,777 |
£50,181 |
5% |
£142,794 |
£149,934 |
£157,431 |
£165,302 |
£173,567 |
£182,246 |
£191,358 |
£200,926 |
£210,972 |
£221,521 |
£105,925 |
8% |
£146,874 |
£158,624 |
£171,314 |
£185,019 |
£199,821 |
£215,806 |
£233,071 |
£251,717 |
£271,854 |
£293,603 |
£178,007 |
*Property prices
can go down as well as up.
Disclaimer
The details contained in this brochure are for guidance only.
Any photographs, illustrations, plans and sizes, only give
a general indication of the proposed development. The developer
operates a policy of continuous development and features,
specifications and external treatments may vary. The developer
reserves the right to alter any part of the development.
Particulars described in this brochure should not be relied
upon as accurately describing any specific matters. Tables,
projections and profit forecasts, are provided for illustrative
purposes only. Property values and assumed rentals can decrease
as well as increase. No express or implied income claims are
made herein. Neither Pinnacle Property Association/Pinnacle
Property Link Ltd nor any of its partners, directors,
e employees or representatives will be liable for damages
arising out of or in connection with the use of information
provided in this document. |
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