Investments starting from €304,000 + VAT
ID #: CP002. More information and photos available on request.
The development is located next to Larnaca Marina, 70 meters from the beach and within walking distance to the sea, shops and restaurants. There is an agreement with Best Western (International Hotel Brand) to manage the apartments (which will have a separate title deed) and operate the development as a hotel serviced apartment development.
The development is ideally located at the waterfront area of Larnaca, close to the marina and blue flag beaches. The vibrant city centre and landmark locations are within a few minutes’ walk. The design and orientation of the building offers residents and visitors panoramic sea and city views.
The property provides timeless comfort, a warm welcome and rewarding stay for leisure and business travellers alike. The well-appointed apartment, together with a ground floor bar and restaurant and a rooftop swimming pool and bar, create an ideal harmony between work and play in the heart of Larnaca city.
A rental guarantee of 4% per annum for the period of 3 years is offered which can be further extended every 3 years with the first option of renewal being with Best Western. Development is scheduled to begin construction in March 2019 with completion in December 2020. Development Properties are classified as residential and qualify for the minimum requirement of €2 000 000 plus 19% VAT and apply for the Cyprus Citizenship.
