Residential complex LE PARC is a new investment project consisting of 4 magnificent blocks of apartments in the tourist area of Kato Paphos. This project is close to the infrastructure, tourist area of Paphos and Paphos harbour.
This project consists of 4 buildings on separate plots that are all connected together. Thus, investors can buy a small area, invest through their own company, be developers, and also save on investments VAT, which is 19% of the purchase price. In this project we have two houses with 6 apartments and two houses with 4 apartments. The location is great as it is close to amenities, Paphos tourist area, Paphos harbor and close to some very successful rental apartments and hotels.
The benefits of the project are as follows:
- sea view
- 600 meters from Paphos harbor and beaches.
- 100 meters from the tourist area
- 700 meters to Paphos Kings Avenue Shopping Center
- 3 minutes walk to amenities
- Closed project with communal swimming pool and covered parking in each block
- High quality luxury finishes using advanced materials
- HVAC system for heating and cooling
- Fully furnished to a high standard
- Penthouse with private roof garden and Jacuzzi
If you buy and sell these properties as a developer, then the total turnover from the implementation of the completed project will be 9,890,000 €. Of this amount, 5% will be marketing costs and commissions of €490,000. The net turnover of the project will be – 9 400 000 €. The net profit of the investor will be – 1,700,000 €.
The price we can offer for this project after the discount is only – 7,700,000 €, turnkey – including furniture!
We will provide all the detailed financial calculations for the project from the development company.