NEW HOME
Pernera, Famagusta, Cyprus
£688,298
€825,000
- PROPERTY TYPE
Detached Villa
- BEDROOMS
4
- BATHROOMS
5
- SIZE
1,615 sq ft
150 sq m
Key features
- Sale & leaseback: EUR 45,000 a year rent for 2 years
- Rent fixed in the sale contract - approx. 5.45% gross yield
- 4 bedrooms, all en-suite, plus guest WC
- Private corner plot - not on a complex
- About 100m from marina, beaches & amenities
- Title deeds - built 2022 - VAT-exempt resale
- Sold fully furnished & equipped - turnkey
- Heated pool with cover, outdoor kitchen & BBQ
- Solar PV - Energy Performance Certificate class A
- Smart home, CCTV, alarm, sound system & minibars
Description
SALE AND LEASEBACK - EUR 45,000 A YEAR RENT FOR 2 YEARS, FIXED IN THE SALE CONTRACT - APPROX. 5.45% GROSS ANNUAL RETURN
Three Palms Villa is offered with a two-year sale and leaseback. The current owner stays on as tenant and pays EUR 45,000 a year for two years - EUR 90,000 in total - with the rent fixed in the sale contract. That is an approximate 5.45% gross annual return from completion, with no tenant to find, no void period and no letting agent needed. During the lease the tenant pays the utilities and day-to-day maintenance; the new owner arranges building insurance to the level they choose. The tenant may extend the lease by up to two further periods of 6 months, on 6 months' notice and at the same rent - a maximum of 3 years in total.
The villa is a modern 4 bedroom detached home, built in 2022, with an en-suite bathroom and minibar in every bedroom and a guest WC on the ground floor. Title deeds are available, and as a resale it is exempt from VAT - a significant saving compared with new-build property.
It sits on a private corner plot, not on a complex, giving privacy, light and space that are rare in comparable properties. The location is about 100 metres from the new marina, sandy coves, restaurants, cafes, supermarkets and everyday amenities, on a quiet residential road.
The villa is sold fully furnished and equipped, ready to live in or rent. Everything shown is included: furniture, appliances, TVs and AV, smart home system, CCTV, alarm, solar photovoltaic system, heated swimming pool with integrated cover and the bedroom minibars.
INVESTMENT
- Sale and leaseback from completion: EUR 45,000 a year for 2 years (EUR 90,000 in total)
- Rent fixed in the sale contract; approx. 5.45% gross annual return
- Tenant may extend by up to 2 x 6 months (6 months' notice, same rent) - maximum 3 years
- Tenant pays utilities and day-to-day maintenance during the lease
- Building insurance arranged by the new owner, to the level they choose
- No tenant search, no void period, no letting agent needed for the first 2 years
- VAT-exempt resale with title deeds
- Strong holiday-rental potential after the lease
ACCOMMODATION
- Four bedrooms, all en-suite, each with a minibar
- Guest WC on the ground floor (5 WCs in total)
- Open-plan living, dining and kitchen
- Bedroom 4 with its own external access
- Large fitted wardrobes, curtains and blinds
- Approx. 150 sq m internal floor space (room areas)
- Optional private roof terrace of approx. 20 sq m off the master bedroom, at extra cost
KITCHEN AND INTERIOR
- Two ovens, induction hob, microwave and integrated dishwasher
- Integrated fridge-freezers and a plumbed-in water dispenser
- False ceilings with integrated lighting and ceiling speakers
- Entrance pantry and storage
- Fly screens on the aluminium windows
ENERGY AND TECHNOLOGY
- Energy Performance Certificate: class A (valid to 2032)
- Solar photovoltaic system
- External wall and roof insulation, high-specification aluminium glazing
- Six air-conditioning units
- Smart home system, Wi-Fi and full network cabling to a central communications cabinet
- AV matrix, amplifier and integrated sound system
- CCTV and alarm
OUTDOOR
- Heated private pool with integrated cover and underground plant room
- Outdoor kitchen and BBQ area, patio and terraces
- Water feature, mature palm trees, landscaped front, rear and side gardens
- Aluminium fencing, gated entry and private gated driveway
- Exterior lighting, awning, utility and storage cupboards
- Easy roadside parking on a quiet no-through road
LOCATION
- About 100 m from the marina, beaches and amenities
- Quiet residential road, not on a complex
- Subtle sea views from the upper floor and roof
Three Palms Villa combines a high-specification coastal home with a contracted income already in place: EUR 90,000 of rent over two years from completion, and a turnkey villa near the marina and beaches when the lease ends. Viewings by appointment.
Three Palms Villa is offered with a two-year sale and leaseback. The current owner stays on as tenant and pays EUR 45,000 a year for two years - EUR 90,000 in total - with the rent fixed in the sale contract. That is an approximate 5.45% gross annual return from completion, with no tenant to find, no void period and no letting agent needed. During the lease the tenant pays the utilities and day-to-day maintenance; the new owner arranges building insurance to the level they choose. The tenant may extend the lease by up to two further periods of 6 months, on 6 months' notice and at the same rent - a maximum of 3 years in total.
The villa is a modern 4 bedroom detached home, built in 2022, with an en-suite bathroom and minibar in every bedroom and a guest WC on the ground floor. Title deeds are available, and as a resale it is exempt from VAT - a significant saving compared with new-build property.
It sits on a private corner plot, not on a complex, giving privacy, light and space that are rare in comparable properties. The location is about 100 metres from the new marina, sandy coves, restaurants, cafes, supermarkets and everyday amenities, on a quiet residential road.
The villa is sold fully furnished and equipped, ready to live in or rent. Everything shown is included: furniture, appliances, TVs and AV, smart home system, CCTV, alarm, solar photovoltaic system, heated swimming pool with integrated cover and the bedroom minibars.
INVESTMENT
- Sale and leaseback from completion: EUR 45,000 a year for 2 years (EUR 90,000 in total)
- Rent fixed in the sale contract; approx. 5.45% gross annual return
- Tenant may extend by up to 2 x 6 months (6 months' notice, same rent) - maximum 3 years
- Tenant pays utilities and day-to-day maintenance during the lease
- Building insurance arranged by the new owner, to the level they choose
- No tenant search, no void period, no letting agent needed for the first 2 years
- VAT-exempt resale with title deeds
- Strong holiday-rental potential after the lease
ACCOMMODATION
- Four bedrooms, all en-suite, each with a minibar
- Guest WC on the ground floor (5 WCs in total)
- Open-plan living, dining and kitchen
- Bedroom 4 with its own external access
- Large fitted wardrobes, curtains and blinds
- Approx. 150 sq m internal floor space (room areas)
- Optional private roof terrace of approx. 20 sq m off the master bedroom, at extra cost
KITCHEN AND INTERIOR
- Two ovens, induction hob, microwave and integrated dishwasher
- Integrated fridge-freezers and a plumbed-in water dispenser
- False ceilings with integrated lighting and ceiling speakers
- Entrance pantry and storage
- Fly screens on the aluminium windows
ENERGY AND TECHNOLOGY
- Energy Performance Certificate: class A (valid to 2032)
- Solar photovoltaic system
- External wall and roof insulation, high-specification aluminium glazing
- Six air-conditioning units
- Smart home system, Wi-Fi and full network cabling to a central communications cabinet
- AV matrix, amplifier and integrated sound system
- CCTV and alarm
OUTDOOR
- Heated private pool with integrated cover and underground plant room
- Outdoor kitchen and BBQ area, patio and terraces
- Water feature, mature palm trees, landscaped front, rear and side gardens
- Aluminium fencing, gated entry and private gated driveway
- Exterior lighting, awning, utility and storage cupboards
- Easy roadside parking on a quiet no-through road
LOCATION
- About 100 m from the marina, beaches and amenities
- Quiet residential road, not on a complex
- Subtle sea views from the upper floor and roof
Three Palms Villa combines a high-specification coastal home with a contracted income already in place: EUR 90,000 of rent over two years from completion, and a turnkey villa near the marina and beaches when the lease ends. Viewings by appointment.
Pernera, Famagusta, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Larnaka(International)25.9 miles
- Ercan(Local)31.9 miles
- Pafos(International)91.1 miles
Advice on buying Cypriot property
Learn everything you need to know to successfully find and buy a property in Cyprus.
Notes
These notes are private, only you can see them.
This is a property advertisement provided and maintained by LuxLife Ltd, Paralimni (reference ThreePalmsVilla) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.