Paramount Gardens TERSEFANOU, CYPRUS
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Paramount Gardens
TERSEFANOU, CYPRUS
PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
Contents
Key investment features . . . . . . . . . . . . . . . . . . 3
The area . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 & 5
The development . . . . . . . . . . . . . . . . . . . . . . . . 6
Property details . . . . . . . . . . . . . . . . . . . . . . . . . 7
The properties . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Blocks A and B floorplans . . . . . . . . . . . . . . . . . 9
Blocks C, D, G and H floorplans . . . . . . . . . . 10
Blocks E and F floorplans . . . . . . . . . . . . 11 & 12
Tourist statistics . . . . . . . . . . . . . . . . . . . . . . . . 13
Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Financial example . . . . . . . . . . . . . . . . . . . . . . . 15
Key investment features
• Premium properties all with huge terraces adjacent
to the 14th hole, many with unobstructed views
across the golf course
• 30% discount
• Pre-approved mortgages
• Instant equity and exceptional capital growth
• Rental & Management agent in place
• Very low initial completion costs
3 PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
The area
The town of Tersefanou has become quite a hidden treasure over the last few years
with its traditional Cypriot way of life and beautiful architecture; it is unspoiled by
tourism and has a peaceful ambiance.
Planners have taken care to ensure that the much anticipated Larnaca Golf Country
Club & Spa due in 2011/2012 will not impact in a negative way on this quiet town.
This impressive venue will be a golf course of over 6000 metres located a few
kilometres from Larnaca town centre and International Airport. This spectacular
project will be an 18 hole championship golf course situated in an elevated position
offering picturesque sea and mountain views. The design will be backed by the
European Golf Federation and PGA with completion and full operation anticipated in
2011/2012.
Cyprus currently offers only three grass golf courses all located in the area near
Paphos, on the opposite side of the island. This new additional complex is being
widely acclaimed to incite a huge boost in the tourist market as well as the already
thriving property market in Larnaca. Investment opportunities in the surrounding area
are being priced at up to a million Euros for premium apartments and villas.
Properties in close proximity to Larnaca Golf & Country Club will offer excellent
return on investment with values certain to double within the next 3 to 4 years.
4 PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
The area
Tersefanou is just a couple of minutes drive from some of the night out as well as a variety of cultural and historical sites along
most popular beaches in Cyprus, Phinikoudes Beach & McKenzie with its hot summers and mild winters creating opportunities for
beach are both close by and have white sand and clear blue overseas property buyers.
waters. McKenzie beach is particularly popular with divers and
Cyprus is a potentially lucrative market for investors with its
lovers of water sports.
appeal to new consumer bases and high demand of temporary
Despite the fall in visitors to Cyprus during 2009 Larnaca’s tourist accommodation.
numbers are at an all time high, as one of the world’s oldest
cities, it is a popular tourist destination among all age groups with
an appeal to everyone. Larnaca provides places to enjoy on a
5 PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
The development
Paramount Gardens is an exclusive development of 85
properties located in the small village of Tersefanou
overlooking the much anticipated Larnaca Golf country
Club & Spa.
All of the 24 remaining apartments are premium AT A GLANCE
properties with huge terraces with unobstructed views
• Less than 5 minutes drive from sandy beaches
over the 14th green and across to the Mediterranean sea.
• Next door to the new Larnaca Golf
These properties were retained by the developer when
Country Club & Spa
the other properties were first marketed and sold during
2007 & 2008 as he intended to sell them at premium • 10 minutes from Larnaca international airport
prices once the Golf course had been finally approved and • 5 minutes drive from Larnaca with a wide
had been landscaped. As a result of the developers
range of restaurants, bars and shopping
changing fortunes we have acquired these properties in
line with current bank valuations. • 18 hole golf course
The development features two superb communal pools of • 2 communal pools
over 160 square metres in size with separate changing and • Separate changing and shower areas •
shower areas this complex is located centrally within the
• Wonderfully landscaped grounds
wonderful landscaped grounds, featuring local plants and
trees. All apartments have a parking space and for peace of • Private parking
mind the complex has electronic private access gates. • Private access gates
6 PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
Property details
BLOCK F
BLOCK E
BLOCK D
BLOCK G
BLOCK C
BLOCK H
BLOCKS A & B
7 PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
The properties
A range of exceptionally spacious 1, 2 and 3 bedroom
apartments many with Panoramic views overlooking the
14th Green of the Larnaca Golf Country Club & Spa.
Internal living areas range from 55 square metres up to
137 square metres with terraces from 18 square metres AT A GLANCE
to many with over 100 square metres of outdoor area.
• Spacious well designed living spaces
Ground floor properties also have a private garden area.
• Panoramic views
All apartments are finished to the highest standards; all
have quality fitted kitchens with white goods included. • Private gardens
Bathrooms have Italian sanitary ware and European • Quality fitted kitchens
ceramic floor tiles. Bedrooms have fitted wardrobes and
• Italian sanitary ware
air conditioning is standard throughout.
• Air conditioned
8 PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
Blocks A and B floorplans
GROUND FLOOR
FIRST FLOOR
PENTHOUSE FLOOR
9 PARAMOUNT GARDENS, TERSEFANOU, CYPRUS
Blocks C, D, G and H floorplans
GROUND FLOOR FIRST FLOOR
PENTHOUSE FLOOR
10 PARAMOUNT GARDENS, TERSEFANOU, CYPRUSBlocks E and F floorplans
LOWER GROUND FLOOR
GROUND FLOOR
11 PARAMOUNT GARDENS, TERSEFANOU, CYPRUSBlocks E and F floorplans
FIRST FLOOR
3 BED PENTHOUSE
12 PARAMOUNT GARDENS, TERSEFANOU, CYPRUSTourist statistics
Overall visitor numbers were down around 11% in 2009 Confidence is high for 2010 and tourist numbers were up
compared with 2008, the major factor in this decrease on 2009 by 14% in the first quarter of 2010 indicating that
was the collapse of XL Airlines. Since then British Airways, the long term trend for Cyprus will be positive.
Monarch, Easy Jet, Jet 2 and Cyprus Airways have all
Cyprus’ appeal is broad; it is not limited to British or
increased their overall seat numbers but this impact was
Northern European visitors but is popular throughout
felt too late in the year to balance the short term effect of
Central and Eastern Europe, Russia, Scandinavia and the
XL’s demise.
Greek mainland.
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