| Ref No. ROP10064 > Arcadia Gardens ALL SOLD----- |
Price: £
CY 236,900
|
| Property Type: | Apartment |
| Category: | |
| Location: | Coastal |
| Status: | SOLD |
| Bedrooms: | 3 |
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3 bedroom apartment. Elegance describes Arcadia Garden perfectly, it has been created with luxury in mind, and the architectural detail stands it apart. Situated on the edge of Paphos with its historical port and plentiful amenities, this development will be the most sought after investment property in the area during 2007. The 6 individually designed residential areas will be linked by a sweeping Boulevard leading to the resort centre with its main pool, fountains and water cascades, each area will either have its own private garden or swimming pool.
Elegance, Luxury and Relaxation are the key to Arcadia Gardens and people buying into this quality development will be buying piece of mind, knowing that this is one of the most luxurious developments in Paphos.
• Elegant Club House
• 5 Outdoor Pools
• 1 Heated Indoor Pool
• Gym and Health Spa area
• Hair Dressing Salon
• Tennis Courts
• Mini Golf
• Restaurant
• Café
• Mini Market
• Children’s Play Ground
• Underground Parking
Arcadia Gardens offers the level of internal finishing you might only expect to find in the best hotels, all properties benefit from air-conditioning, granite work surfaces, marble floors in the bathroom, a pressurised water system and the key fob system. A further benefit of this development is that all parking is under ground, and each
property will have its own allocated parking place. Arcadia Gardens offers a range of property styles from Studios, One, Two and Three Bedroom Apartments through to 2 Bedroom Town Houses, each having its own balcony, some properties also have the benefit of a private roof terrace.
With an average of 340 days of sunshine, Cyprus boasts some fantastic beaches, traditional villages, historical sights and the Troodos Mountains offer a completely different island with Skiing in winter. The islands heritage is vast, stretching over 9000 years, and it has some remarkable ruins and is reputed to be the birthplace of the mythological goddess of love and beauty Aphrodite.
Today Cyprus offers a good blend between the traditional and the new, traditional values are still high and this is reflected in the warm welcome you will receive from the locals. Cyprus also has one of the lowest crime rates in Europe and is reputed to have the cleanest atmosphere. Cyprus has always been a favorite with UK tourists being just 4 hours away, and tourism continues to grow year on year.
The Cypriot government has a 10 year tourism growth plan to achieve 3.5 million tourists by 2010 and increase its share of the Mediterranean tourism market. In order to achieve this many new major projects are underway for example, approximately 10 new golf courses being developed, a new premier marina is being built in Coral Bay (Beach resort near Paphos) and Paphos airport being enlarged to accommodate the anticipated increase in tourism. All of this investment means Cyprus is now one of Europe's leading property hot spots, and to support
the targeted rise in tourism, an additional 22,000 beds are required, hence the opportunity to purchase excellent investment property in this wonderful country.
Property prices in Cyprus are approximately 20% lower than Spain and Portugal, which is one of the factors so many people now want to invest in Cyprus. Rental Yields are good across Cyprus with average returns of 7-8%, however Paphos can reach as high as 15% as it has a genuine all year round season. With the additional tourist facilities being developed rental yields and the demand for high quality accommodation should only increase. The Cypriot buying process is largely based on that of the UK, and all documentation is in English, making the buying process easier to understand. Cyprus also has a favorable Tax Environment, with low Capital Gains and no Inheritance Tax as a result 1.5% of the Cypriot population is made up of retirees.
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Area Description
Paphos has the largest number of UK residents and is the most popular tourist destination for the British. Paphos offers something for everyone and as Paphos boast the mildest climate in Cyprus it does attract more visitors during the winter months, which is great news for investors as the opportunity to maximize your rental income is higher in Paphos than anywhere else in Cyprus or Spain and Portugal with an average of 3 weeks more sunshine per year.
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Disclaimer: Property Winners Ltd does not accept any responsibility for any errors or inaccuracies in the above property or financing information, details of which have been supplied by a third party. You should ensure that either you or your legal representative has suitably checked all relevant information before committing to purchase a property.
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