This deluxe Mediterranean project will comprise 267 spacious 1, 2 and 3 bedroom apartments, penthouses and 48 private 2 bedroom terraced houses, set around 2 of the largest residential swimming pools in Cyprus. The residents at Elysia Park will be offered the exclusive enjoyment of over 7,000m2 of lush landscaped grounds with vast poolside leisure areas, children playgrounds, basket ball ground, leisure centre with reception area, business centre, indoor heated swimming pool, 250 m2 gymnasium offering wonderful panoramic views to the gardens and cascading swimming pools, spa, health centre with massage and treatment rooms, Jacuzzi and sauna.
Additionally this luxury development will also boast the ultimate array of facilities and incorporate a bank, bakery, hair salon, kiosk, launderette, restaurant, pharmacy, coffee shop and a Pafilia office.
• 1km to Sandy beaches
• 8km to Minthis Hills golf course
• 0.5km to Paphos Town
• 1km to Pafos fishing Harbour
• 1km to Kato Pafos
• 10km to Pafos Intl Airport
LUXURY FINISHES
• Marble staircases
• Granite kitchen surfaces
• En-suite bathrooms
• Utility rooms
• Water pressure system
• Solar panels
• Double-glazing
• Shutters in bedrooms
• Pergolas
• 2 outdoor pools of approx. 48m length
• 1 indoor heated pool
• Professionally Landscaped gardens
• Children playgrounds
• Central Satellite System
• Leisure centre
• Shops and restaurant
• Business Centre
THE OFFER
The properties are offered for sale under the following terms:
Client deposit (cannot be funded in Cyprus): 10% of agreed contract price, instead of the usual 20% deposit required.
10% discount: The additional 10% deposit will be funded by Pafilia Property Developers as a discount.
Remaining payments: As per agreed contractual payment terms to be funded through a local mortgage at Alpha Bank with the loan to be secured in Swiss Franc currency, currently at 4.4% for 80% of the property purchase price.
Guaranteed rental income: Pafilia will offer a guaranteed rental income of 5% per year on the discounted purchase price for a period of two (2) years after the delivery of the property to the client. The guaranteed rental income will be paid monthly starting from the delivery of the property.
Six weeks personal use: Each year of the 2 years rental guarantee period, the client will be entitled to six (6) weeks free use of the property, 2 weeks in low season, 2 weeks in mid season and 2 weeks in high season.
This proposal also includes the following savings:
• Legal fees related to the purchase of the property Free of charge
• Stamp Duty for the contract of sale Free of charge
• Setup fees on delivery Free of charge
• Mortgage fees and loan setup fees Free of charge
• Ongoing property ownership related costs for the duration of the guaranteed rental income period including:
o Communal charges Free of charge
o Property insurance Free of charge
o Water, electricity, sewage Free of charge
o Municipal charges Free of charge
o Furniture Free of charge
o Kitchen appliances Free of charge
o Crockery Free of charge
o Linens and towels Free of charge
o Decoration items Free of charge
o Curtains Free of charge
o Air conditioning units Free of charge
SUMMARY
A rare opportunity to invest in a unique luxury residential development:
• Prime residential location
• Prime rental location
• Unique development with unsurpassed facilities and services
• Fully equipped properties at no additional cost
• 2 years net guaranteed rental income at 5% per year
• Low cost mortgage at 80% LTV – bank fees and mortgage fees included at no additional cost
• 6 weeks personal use at no additional cost
• All closing costs included and paid for
• Legal fees included at no additional cost
• Ongoing cost of ownership for the duration of the offer included at no additional cost
• 10% developer discount
• 10% deposit only
Invest €40,000 only and receive €128,000 in savings and income. Much further gains expected from capital appreciation
