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Apartments in a five-star resort complex by the sea managed by The Ritz-Carlton

Cyprus, Limassol
ID CYP224680
Cyprus permanent residence by real estate investment
Cyprus permanent residence by real estate investment
Object sold
Apartments in a five-star resort complex by the sea managed by The Ritz-Carlton
from €920,000

from 107 m² • from €21,333 m²

Cyprus, Limassol
from 107 m²
1–4 beds
1–4 bathrooms
ID CYP224680

Cost

Property cost €920,000 – €6,400,000
Price for m2 €21,333 – €8,598
Maintenance cost €3,5 per sqm
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Distances

100m to the sea
59km to the airport
Infrastructure within a radius 50m

Yield and management

Yield 3%
Property management Yes

Description

The project, managed by The Ritz-Carlton Hotel Company LLC, is the perfect combination of luxury apartments with all the amenities of an upscale resort. Situated on a modern seafront promenade in the eastern part of Limassol, it is within walking distance of the many activities and attractions this city has to offer. Great location, great design, impeccable planning and exclusive amenities.

On 33 floors of the tower, which has become the hallmark of the project, there are 182 apartments with 1, 2 and 3 bedrooms. The open plan layout of the apartments with a spacious terrace creates the feeling of living on a private yacht on the high seas with the opportunity to admire the endless views of the picturesque coastline of Limassol and the Mediterranean Sea. Premium building and finishing materials are another argument in favor of the unsurpassed quality of the project.

All apartments have high ceilings. The apartments offer state-of-the-art technical features: fitted kitchens, natural marble flooring in the living rooms, home automation systems, faucets and rain showers, top Italian brand wooden structures, Japanese toilet systems and much more. The design team provides comprehensive design services to meet your individual needs.

The SPA center, made in a modern Japanese style, is incomparable to anything that previously existed in the entire Limassol region. A huge Jacuzzi, sauna and classic hammam are at the disposal of visitors, as well as the widest selection of healing, rejuvenating and relaxing treatments carried out in a tranquil environment. All this is truly the pinnacle of pleasure. The spa is open throughout the day.

The extensive pool area is an oasis of calm with breathtaking views of the Mediterranean Sea. The semi-Olympic pool invites residents to start their day with a swim or simply relax in the outdoor lounge. During the day, residents are offered a variety of leisure activities both indoors and outdoors: relax in an exclusive spa center, work out in a state-of-the-art gym, play tennis or just spend time with children while they swim in the pool , play all kinds of games or engage in various sports.

The complex offers residents the perfect combination of high-end amenities and services, including a drop-off area
passengers with a porter, 24-hour room service and concierge services, security and controlled access to the building, a residents’ club, a beauty parlor and beauty salon, a games room and a kids’ club, golf and much more. Residents can contact the concierge with any question at any time of the day, who will tell you about the most interesting places and attractions, grocery stores, pre-order purchases and much more.

Investment program:

  1. Valuation of rental income considering long-term rental rates under a leading 5-star international brand.
  2. Minimum guaranteed yield of 3% for 3 years (excluding VAT and other taxes).
  3. The developer assumes 10% of the rent, which is subject to change.
  4. The tenant pays direct costs, including – management fee (€3.5 per sq.m. during the first year, and + 15% from year 2), utilities, etc.
  5. The owner pays insurance and personal taxes (different tax rates apply depending on personal circumstances and income level).
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Real estate

Object type Hotel complex, Residential complex, Apartments
Object category New house
Object stage Construction
Permits On hand
Object completion date March 2023
Design features Ownership
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Characteristics

Total area 107 m² – 300 m²
Number of storeys 33
Bedrooms 1–4
Baths 1–4
Parking Yes
Parking type Covered
View sea, city
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Equipment

VRV conditioning
Electrical heating
Smart home system

Properties

Elevator
Сovered deck
Public pool
Concierge desk
SPA
Gym
Kids club
Tennis court
Sauna
Garden on the plot
Security
Underfloor heating
Terrace
Internet
TV
Restaurant

Location

Object sold
from €920,000

from 107 m² • from €21,333 m²

Zlata Erlach investment
programs expert
Cyprus Permanent Residence

Property is eligible for Cyprus Permanent Residence by Investment Program

Immigrant Invest is the official representative of the program.

€300,000+ Investment amount
3+ months Obtaining period
Learn more

Schedule a meeting

Let’s discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

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