Property Details
- Property: Flat (New Build)
- Bedrooms: 1
- Bathrooms: 1
- Receptions: 1
Polis Gardens
Polis Gardens comprises 1, 2 and 3 bedroom apartments and 2 and 3 bedroom houses. The latest release, enjoys two large residents swimming pools with paved relaxation areas, sun beds and parasols. The apartments are cleverly disguised in low rise buildings to blend with the houses on the same phase.
Features
Apartments
Surprisingly spacious, these apartments have proved a great success as both permanent residences and holiday homes and an all-round attractive proposition for investors looking to capitalise on rental returns.
The Area
Basking in sunshine and a few minutes from the glittering sea, Polis Gardens is set in one of the most naturally beautiful areas of Cyprus. Polis is a small traditional town with a cobbled square serving as the heart of the community, where the locals welcome you to join them as they relax and enjoy life. The town has its own special charm, yet has all the amenities of modern life. Supermarkets, banks, schools, pharmacies, a hospital, gyms, ten pin bowling, a variety of restaurants and bars and much more are on hand. On the edge of the Akamas National Park is a world class luxury hotel and spa, one of the few hotels in this area. This, combined with Polis and Latchi being a very popular hol iday spot for Cypriots, means there is a very vibrant rental market, perfect for those of you looking to let your property.
Polis Gardens has been designed to blend traditional and modern, and building the properties in clusters that each have their own communal swimming pools, facilities and personality.
Within a two minute walk are shops, restaurants and other amenities in the town centre, with an hourly bus service to Pafos and other destinations. Just 3km away is Latchi (or Latsi) village, famed for its fish taverns, and in the other direction is the the Limni Motorcross circuit, followed by Argaka village, then the small fishing village of Pomos, where the annual International Jazz Festival takes place.
Pafos town is currently a half hour drive away, which will be less than 20 minutes once the new motorway is built, with work starting on it shortly in 2009. There are also plans for two 18 hole golf courses between Polis and Argaka , just five minutes drive from Polis Gardens, and possibly an expansion of the recently completed Latchi marina. All of this is projected to have a positive impact on property prices in the area.
The Proposal
Property Value: €165,000
Client’s 10% = €16,500
Developers Contribution 10% = €16,500
Remaining 80% = Financed
Rental guarantee = 5% Net rental guarantee for 5 years
NO INCOME TAX on the rental.
The client can also use the property for their own use for 6 weeks of the year, every year for the next 5 years.
The rental guarantee can be cancelled by the client at any time during the 5 year period with 30 days written notice.
No Ownership Costs For 5 Years:
No Communal Charges
No Property Insurance
No Water rates
No Electricity
No Sewage
No Municipal charges
Free usage of Gym, Sauna, Jacuzzi ect (This is normally a separate fee)
Expected Capital Appreciation:
The development sits in a fantastic part of the island close to protected land. Many people talk about capital growth but with this development it will be a very safe bet. The main reasons for this are:
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