Property Information
Opportunity to purchase DISCOUNTED property on a100% FINANCE OPTION with NO deposit and first 2 years guaranteed rental. Followed by dedicated property management rental company to
secure high short and long term rentals. VAT reclaim also available upon completion.
Oceania Bay is an exclusive development
of luxury apartments located in Pyla,
South-east Cyprus. A short 10 minute
walk to the beach and 10 minute walk
to the proposed Disney Theme Park,
Oceania Bay poses a great investment
opportunity for lifestyle purchasers and
investor clients. Nestled between luxury
villas and forestry land, the Location boasts
spectacular mountain and sea views.
Development:
101 Luxury Apartments.
The apartments are constructed over 3
floors with Italian fixtures and fittings.
Private balconies and roof terraces
boasting spectacular views of the beach
or mountains.
Completion February 2011.
Minutes away from new 900 berth
luxury marina under construction
in Larnaca.
Situated within a 10 minute drive to the
18 hole PGA Golf course.
15 minute drive from Larnaca airport
1.65 km North of beaches.
1.4 km South of Pyla town centre.
The apartments are located in “New”
Pyla, a short drive away from the
vibrant, popular Larnaca district,
ideally situated just minutes from the
international airport, within easy reach
of all essential amenities, and well
connected for travel to other areas of
the island.
Broad mix of leisure facilities, from
water sports to archaeological sites.
Live your dream lifestyle on the island
dubbed paradise of the Mediterranean,
Cyprus enjoys over 2.4 Million tourists
per annum. The island is an all-round
tourist attraction for all ages and cultures.
Whether it be water sports on one of the
island’s award winning beaches, golf on
one of the numerous world class courses,
a day spent visiting historical sites, or a
night spent with friends dancing in the
trendy Ayia Napa, Cyprus has something
for everyone.
Pyla has been rated on investment hot spot for
2009/10. It is to be home to the new Disney
theme park, an investment of €800 million,
which will generate over 3000 new jobs and
attract an additional 500,000 tourists per
annum to the area.
Pyla is very popular with families and couples,
looking for a quiet location in the sun whilst
still being close to the sea. Located minutes
away from the main highway artery of Southern
Cyprus, Pyla is a short drive to the Larnaca
International Airport and all the facilities and
activities on offer in Larnaca and Ayia Napa.
Only 15 minutes drive from the cosmopolitan
Larnaca town centre and within walking distance
of the renowned Blue Flag sandy beach.
Panoramic mountain and sea views surround
the area, which is adjacent to a pine forest
offering access to hiking and biking trails and
a natural bird habitat, enticing all nature lovers
and those seeking peace and tranquillity. Pyla
is the one of the only places in Cyprus inhibited
by by both Greek and Turkish nationals, the
town has two churches and one mosque.
Facilities:
Gated development.
Dedicated Management Office.
Convenience Store.
Large communal outdoor
swimming pool.
Solar heated indoor swimming pool.
Health/Treatment Rooms.
Large fully equipped gymnasium.
Sauna.
Jacuzzi.
Pool Bar.
Luxury fittings and fixtures, bathrooms
and kitchens.
Centrally air-conditioned.
Private parking facilities.
Purchasing Structure:
100% Finance.
30% Discount.
70% Loan to Value (LTV).
1 year off-plan.
2 year rental guarantee @ 5.5% p.a.
A VAT rebate based on a rate of 15% of the market value.
Example:
Market value: 200,000 Euro.
VAT rebate: 26,087 Euro at completion.
Property management:
A turn key post completion rental management
solution will be available, utilising international
presence and local staff. A plethora of services
will be provided to investors to ensure that all
potential requirements are fully catered for. The
management company will ensure that a running
income is provided as soon as possible upon
completion.
Using international presence, dedicated personnel
and superb relations with suppliers, agents and
international Tour Operators, the aim will be to secure
long term lettings and higher yielding holiday rentals
to maximise your return on investment, after the 2 year
guaranteed rental period.
Service will include:
Rental property management.
Monthly security checks.
Maintenance checks.
House Cleaning.
Laundry.
Pool Maintenance.
Garden Maintenance.
Emergency Repair Service.
Key Holding.
Airport Pick-ups.
Car Rentals.
Pest Control.
Handyman Work/Minor Construction.
Air Conditioning Supply, Installation
and Servicing.
Facilities
Gated development.
Dedicated Management Office.
Convenience Store.
Large communal outdoor
swimming pool.
Solar heated indoor swimming pool.
Health/Treatment Rooms.
Large fully equipped gymnasium.
Sauna.
Jacuzzi.
Pool Bar.
Luxury fittings and fixtures, bathrooms
and kitchens.
Centrally air-conditioned.
Private parking facilities.