Paphos Investment - Paphos, Coastal..

We are pleased to offer a special Non Status/Developer Finance opportunity, an innovative, hassle free, way of Purchasing a Property without the need for Bank Finance.

Exclusive Payment Plan for properties in Paphos, Cyprus.

Monthly Payments from as little as 400 Euros (£350) per month. Key Ready.

A range of properties from apartments, villas and townhouses 20 in total

These are already built are ready for use.

The full contract term is 10 years with an option after 3 & 5 years to purchase at a discount.

As an example a one bedroom apartment with a value of 75000 Euros would cost 400 euros per month plus 80 Euros for services and between 50 Euros and 100 Euros for electricity depending on rental volume per month.

If you were to continue the plan after year 5 you would see a slight increase in the plan instalment to 500 Euros pcm.

Clients will enter into a 'lease to purchase' contract for the opening 3 years. A sales contract is entered into at exactly the same time and is linked to the lease to purchase agreement itself.

After 3 years, clients have the option to find funding from alternative routes or pay cash and have a 10% discount from the contract price. It is at this stage that the sales agreement is lodged at the land registry as the clients have proved themselves as reliable over the 3 years. Clients are protected by the agreement itself during the first 3 years.

After a further 2 years, the option is still available, but the discount is 5%.

At the outset, the buyer signs a lease to purchase contract and a sales contract along with the developer. This contract states that the developer has no charge/lien on the property and can't sell it on from under the buyer. Likewise, the buyer cannot withdraw and claim their money back if they change their minds.

The only outset cost as follows

1-2 Bed Apartment £13,500

2 Bed Townhouse £14,000

3 Bed Apartment £14,500

3 Bed Penthouse £15,000

Villas upon request

This covers all the legal contracts, a landlord security deposit, agent's fees and furniture package. Cost is pro-rata for Townhouses and Vilas.

Mortgages are very difficult to come by in Cyprus and even if you did get an offer you will not achieve high loan to values as in the past. This is a superb opportunity to offer to anyone who wishes to purchase

No restrictions, no credit checks, no income proof or employment references, no age restrictions, therefore everyone will be approved, a genuine non status payment plan with affordable monthly payments. For personal usage or for Long or short term Rentals as there are many Property Management companies in the area.

We are very fortunate to get this exclusive deal on this special payment plan and we have promised the developer to keep marketing low key and direct.

The properties are well finished, large and set in a cul de sac with garden areas, communal pool and covered and uncovered parking spaces.

They are located just two roads from the main road, in Khlorakas, that is equal distance from the Paphos Port/ Town Centre and Coral Bay, being 10-15 minutes by car to either destination. Only 13km from Paphos International Airport with a fast, empty, toll free motorway.

There are a few shops close to the properties plus a full selection of all amenities on the main road, 5 minutes walk. You also have access to various roads, lanes and tracks that lead to the coast, south of the main road..

The small complex is made up of 5 blocks A to E in a quiet U shape cul de sac. The apartments are in attractive 2 storey blocks with parking below and the townhouses are in a row with the pool area at the end. Lots of street parking too. All are well presented.

Communal internal areas are well kept with lifts and smart tiling.

The apartments have good sized rooms and decorated between traditional and semi modern taste.

Fully fitted kitchens, mainly dark wood style.

Sliding doors onto outside areas, terraces etc.

The penthouse terrace is one of the largest I have ever seen on an apartment with 207 degree views, including the sea.

As I understand it the tenants pay all bills.

Allocated parking.