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4 Bedroom exclusive duplex penthouse in new elite development in Limassol

14,250,000 €
  • Bedrooms
    4
  • Bathrooms
    4
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Features
  • Built in 2020
  • Sea at 250 m

The only development in Limassol coastline, that combines the value for investment with ultimate services and facilities of the only luxury branded resort in Cyprus. The project combines the world best practices in quality construction and with high-end technology, dominating the market with its unique combination of well-thought features to satisfy the covet of any demanding buyer. A 4 bedroom duplex penthouse is part of High-end club residential 11-storey building. The primary goal of development team is to combine high technology with the traditional approach of proficient building and construction. This combination makes this complex the best place to live and settle, where ease and comfort predominate, provided by all state of art technologies. It is located within 10 minutes of driving distance from the center of the rapidly developing city of Limassol. This allows residents to enjoy life in a private and quiet atmosphere, whilst being a step away from the dynamic city life. The complex comprises all the advantages of the most deluxe construction projects, making it the best of its class in Cyprus. All these positive factors makes it r the most favorable project for investing in a 5* hotel, branded by Marriott. Residents of the complex have an opportunity to get a lifetime membership in the Park Tower Private Club, which would allow them to use all necessary amenities of Park Lane Hotel and obtain premium service at any time they desire.

Extra opportunities

The Investor obtains residence permit or permanent residency in Cyprus by purchasing a newly-built property for at least €300,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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More properties

If this property wasn’t for you, take a look at other new homes for sale in Cyprus.

You can see more new homes for sale in Limassol (city) elsewhere on our website.

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      How to buy property with Tranio

      Enquiry

      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

      Offer selection

      We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

      Viewing tour

      You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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        Commercial Director
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