Full description:

Polis Gardens at a glance

The Area: A home in the heart of natural beauty
Basking in sunshine and a few minutes from the glittering sea, Polis Gardens is set in one of the most naturally beautiful areas of Cyprus, once the ancient kingdom of Marion.
Polis is a small traditional town with a cobbled square serving as the heart of the community, where the locals welcome you to join them as they relax and enjoy life. The town has its own special charm, yet has all the amenities of modern life. Supermarkets, banks, schools, pharmacies, a hospital, gyms, ten pin bowling, a variety of restaurants and bars and much more are on hand. Polis has also become a focus for art, with several art galleries in the town and a number of artists and sculptors in the surrounding areas, opening their studios regularly as part of the National open art studios tour. On the edge of the Akamas National Park there is a world class luxury hotel and spa, one of the few hotels in this protected area. With Polis and Latchi being a very popular holiday spot for Cypriots, there is a very vibrant rental market, perfect for those who are looking to let their property.
Polis Gardens has been designed with a similar concept in mind; blending traditional and modern, and building the properties in clusters that each have their own communal swimming pools, facilities and personality. These are interlinked with other clusters of houses and apartments that together almost form a village. This gives a sense of community, while still having a feeling of intimacy and privacy. Exterior stonework, as well as arches and fireplaces have been used in places to give that traditional feel, while the spacious 1, 2 and 3 bedroom properties (from 55m2 to 137m2) with generous verandas are perfect for either permanent living or rental. Internal features like granite worktops and marble staircases add to the stylish feel. The project has not been built up to the maximum allowed density, creating a feeling of space. There are large landscaped areas forming avenues and adding to the village feel.
Within a two minute walk there are shops, restaurants and other amenities in the town centre, with an hourly bus service to Pafos and other destinations. Just 3km away to the west is Latchi (or Latsi) village, famous for its fish taverns. Heading east from Polis one arrives at the picturesque village of Argaka, then the small fishing village of Pomos, where the annual International Jazz festival takes place.
Due to its unique location and crystal clear waters, Polis caters for all tastes especially nature lovers and those keen on active holidays. The Akamas National Park, which is positioned 3km from Polis town, is a nature conservation area, with over 700 different plant species alone. This area of wild beauty encompasses a whole peninsular, with large secluded sandy beaches, dramatic gorges, mountains and historical sites.
Pafos town is currently a half hour drive away and will become more accessible upon completion of the new motorway which will reduce the duration to about 15 minutes. There are also plans for two 18 hole golf courses between Polis and Argaka, just five minutes drive from Polis Gardens, and an expansion of the recently completed Latchi marina is already underway.
Direct flights are available to Pafos International airport from most UK and Ireland airports.


LOCATION
? 3km to Latsi beach
? 3km to Fishing harbour
? 35km to Pafos town
? 34km to Tsada golf club

LUXURY FINISHES

? Granite kitchen surfaces
? Marble internal staircases
? En-suite bathrooms
? Solar panels
? Laminated parquet in bedrooms
? Some units have fireplace
? Some units have optional hot tub


RESIDENTS FACILITIES

? 2 Large swimming pools
? Decked relaxation areas
? Landscaped gardens
? Private allocated parking
? Gymnasium
? Reception
? Multiple-Seat whirlpool spa
? Sauna



THE PROPOSAL

Client deposit: 10% of agreed contract price, instead of the usual 20% deposit required.
10% discount: The additional 10% deposit will be funded by the developer as a discount (Deposit Contribution)
Remaining payments: Mortgages are available through Alpha Bank Cyprus in most major currencies including the Euro, British Pound and US Dollar. In this way, the exchange rate risk is eliminated.
Guaranteed rental income: The developer will offer a guaranteed NET rental income of 5% per year on the discounted purchase price for a period of five (5) 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: 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 for the duration of the rental guarantee period.
This proposal also includes the following savings:
? Free Legal fees related to the purchase of the property
? Free Stamp Duty for the contract of sale
? Free Setup fees on delivery
? Free Ongoing property ownership related costs for the duration of the guaranteed rental income period including:

o Communal charges
o Property insurance
o Water, electricity, sewage
o Municipal charges
o Property Management Fees



PROPOSAL SUMMARY
? Unique and sought-after development
? Prime residential location
? Prime rental location
? 10% developer discount (Deposit contribution)
? 10% client deposit only
? Fully managed hands-off investment
? 5 years net guaranteed rental income at 5% per year
? 6 weeks personal use per year 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
? Tax efficient structure-No tax liability on rental income
? With major infrastructure projects and works taking place (Pafos-Polis highway, upgrading of Latsi marina, two new 18-hole golf courses and more), this development has good potential for future capital growth.
? Complete and ready now!
? Prices from ?165,000

FINANCIAL BREAKDOWN

Sample 1 bed apartment Price ? 165,000
Developer Discount/Deposit Contribution ? 16,500
Net Price ? 148,500
Client Deposit ? 16500
Cash Flow: Guaranteed Rental Income ? 7,425 per year ? 619 per month

SAVINGS BREAKDOWN
Type Total per year Total over 5 years
Legal fees and Stamp Duty ?2450 /
Free six weeks use ?860 ?4300
Free Management Fees ?1860 ?9300
Free property ownership costs ?880 ?4400