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| Features: Pool, Parking | ||||||||||||||||
| Amenities: Near the Sea, In Town, By the Sea, In Village | ||||||||||||||||
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Description: Apartments in Peyia, nr Paphos, Cyprus. 20% Below Market Value. This development is an excellent investment. 15% - 20% Deposit Required. 80% LTV mortgage available from 4% Interest. Located in the tranquil village of Peyia, this selection of studio apartments resides in one of the most sort after areas in Cyprus. Peyia is approximately 15 minutes drive to Paphos town, 10 minutes to the Tomb of the Kings and only a few minutes from the most beautiful beach in Cyprus, Coral bay. The project is being developed to a high standard. Peyia is a traditional village which consists of it's own Tavernas, Shops, Restaurants, Bars, and Banks. Each apartment has open plan living areas, a bathroom, a veranda. There are also two communal swimming pools and dedicated covered parking for each apartment located under the building. Key Features 2 Communal Swimming Pools. Beautiful Sea and Mountain Views. 5 Mins from Coral Bay beach. Sought after location. 20% Under Market value Peyia and Coral Bay Peyia and Coral Bay attract every type of property investor. This includes people from the UK to live, holiday makers, people that want to retire, long term lets and holiday lets. Paphos and especially Coral Bay have now reached 11 months season. Because of this it gives you the best of both worlds were you can go on holiday to Peyia and Coral Bay any time of the year. This also means you can let the property any time of the year to all different rental markets. Peyia is also the first area in Cyprus to reach its maximum build limit. Which means that it will be the first area to run into a supply and demand market in early 2008 when Cyprus joins the Euro currency. Peyia is protected not to expand its build density any further due to it being surrounded by Green Land. You have panoramic sea and mountain views from Peyia which also contains its own bars, famous restaurants, banks etc within this tranquil traditional village. Peyia is only 4-5 minutes to Coral Bay beach, which is the best beach in Cyprus and the most up market location for bars and restaurants. One thing to note is that in early 2008 when Cyprus joins the Euro currency prices of property all over Cyprus will have a significant rise in appreciation. This will be the biggest appreciation rise in Cyprus, and explains why investors have been investing substantially in Cyprus over the past 2 years and will continue to do so until at least several years beyond the time of Cyprus joining the Euro. Peyia and Coral Bay will be the first areas to benefit from the property boom. This is due to the build restrictions in place within Peyia and explains the reasons why investors have purchased almost everything that is available. Property Information Technical Specifications LOADING BEARING FRAME Reinforced concrete frame with slabs, beams, columns and walls transferring the loads to R.C. pad footing. WALLING External walls are constructed with 200 mm thick hollow bricks and are externally rendered with cement mortar and internally plastered with gypsum based plaster. Internal walls are constructed as described above but with 100 mm thick hollow bricks. Outside sloping roofs are finished with locally made roof tiles. FLOORING Living room & Dining room : Best quality Ceramic Tiles 40 x 40 £6.00 per m2 Bedrooms : Best quality Ceramic Tiles Kitchen : Best quality Ceramic Tiles 30 x 30 £6.00 per m2 Corridors : Best quality Ceramic Tiles 30 x 30 £6.00 per m2 Bathrooms : Best quality Ceramic Tiles 30 x 30 £6.00 per m2 Verandas : Terrazzo Tiles 40 x 40 £6.00 per m2 DOORS AND WINDOWS All external doors and windows are made of coloured aluminium. All internal doors are made of painted M.D.F. WARDROBES Built-in wardrobes have both melamine finish internally. Doors are M.D.F. panel painted externally. WALL TILES For Kitchen : Ceramic Tiles £6.00 per m 2 For Bathrooms : Ceramic Tiles _.00 per m 2 SANITARY WARE / FITTINGS The sanitary ware are of white colour and of deluxe quality and the fittings are chrome plated. BALUSTRADES / FENCING The verandah balustrades are metal. The front and sides boundary wall is finished with Tyrolean finish. PLUMBING / DRAINAGE Cold water installation includes a 1 m-- 3--galvanized storage tank and the water pipes are made of P.V.C. The pipes for the hot water installation are made of P.V.C. and the system includes an electric boiler of 20 gallons capacity. All drainage pipes are made of P.V.C. ELECTRICAL INSTALLATION It includes adequate number of lighting points, power points, T.V. points, bell and cooker control. Provision for air conditioning in bedrooms and lounge area. SWIMMING POOL The swimming pool shall be completed with patio around. OPTIONAL FACILITIES The following facilities are optional and can be provided when specifically requested by the client and negotiated as additional to the selling price. Barbeque and / or local style oven Additional external walkways and terraces (for ground floor flats). Solar pannels on the roof. CHANGES TO THE SPECIFICATION / DRAWING The client may request changes to the specification or drawings, the cost of which is negotiable, but the seller reserves the right to refuse changes which are considered as unsafe of outside good building practice or spoiling the architectural design and/or the character of the project. |
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