Launch of Cyprus Property Investment Fund
With an increasing number of investors looking for low cost entry deals in the overseas market, this fund provides an ideal opportunity to get involved from as little as CYP£ 11,512 (£13,745) with potential returns of between 60% to 80%.
(PRWEB) June 6, 2005 -- Investors Provident, a global property investment
company, is pleased to announce the launch of its first consortium investment
opportunity overseas. Being specialists in markets like Dubai, Cyprus, Spain,
Bulgaria and others, and having successfully launched a number of investment
opportunities across the globe, the Investors Provident Fund is the next level
up for this young company.
"We have had so many investors ask the
question: Are there no low-cost entry deals abroad where we don't necessarily
need to put down thousands and thousands of pounds?" says one of the senior
partners in the business. With an increasing number of investors looking for low
cost entry deals in the overseas market, Investors Provident decided to setup a
consortium fund to allow all investor types to take part in the buoyant property
market abroad.
The first opportunity available to invest in with
Investors Provident is in Larnaca, Southern Cyprus. St. Andrews Court, as the
development is known, presents an excellent opportunity to get involved from as
little as CYP£ 11,512 (£13,745). This is quite an exclusive opportunity not only
because of its low initial deposit, but also its location which is very close to
the proposed 4th 18 hole golf course in Cyprus.
Located in Tersefanou, a
small village just outside Larnaca, this spectacular golf course is designed and
backed by the European Golf Federation. At present, there are only three golf
courses in the whole of Cyprus, and all are located in the surrounding area of
Pafos. By offering a resort catering for high quality hospitality services to
foreign and Cypriot citizens, this new course is aimed at increasing the Cyprus
tourism market and to make a positive contribution to the Cypriot economy.
The resort will feature a hotel, club house with multiple restaurants
and bars, a state of the art business centre, equestrian facilities, a retail
village complex, entertainment area and spa, a number of villas, more than 1,000
apartments and a 6,000m golf course - all lying in a scenic valley with
beautiful natural rock formations and grand trees adding maturity to a
relatively new course. With the apartments and villas being built over four
phases, some of them are situated on the hills around the course and will have
magnificent views overlooking the Mediterranean Sea. The resort is designed to
be a comprehensive and integrated golf and leisure resort that combines the
advantages and privileges of living in Cyprus.
There are currently three
major golf courses in Cyprus and with the golf craze sweeping the island, plans
are underway for the development of four or five more within the next five
years. The present three are situated very much in the same region of Pafos,
with the three new 18-hole golf courses ones planned in the districts of
Limassol (Pentakomo), Larnaca (Oroklini) and Famagusta (Agia Napa) by the
consortia of local authorities and hoteliers.
St. Andrews Court is a
development comprising of 8 blocks of 8-10 apartments each. These range from 1
bed with their own gardens to 3 bed penthouses with large verandas. It is
located only 1400m from the golf course and 5km to the beach making it an ideal
couple and family holiday hotspot. Investors Provident are initially offering
one block of 8 apartments for consortium purchase, with further blocks being
made available in the near future.
With the investment entry level as low
as CYP£ 11,512 (£13,745) and the potential returns of between 60% to 80% within
15-18 months, this gives investors an extreme leveraging opportunity to control
assets worth CYP£ 722,000 (£862,068). An exit strategy is being put in place for
September 2006 for those wanting to realize their profits to move on to other
opportunities.
For those who do not wish to take the consortium route
and want to purchase a plot (or plots) individually, there are other apartments
available within the same complex as well. St. Andrews Court truly presents an
excellent investment opportunity for investors who wish to partake in the
buoyant Cypriot property market, but do not wish to go into it alone by
investing their life savings. Not only that, but it is becoming increasingly
difficult to find opportunities today with such low initial deposit and
excellent returns.
For further information, please contact:
Investors
Provident Ltd.
Tel: 0044 870 1999 859
http://www.investorsprovident.com/Europe/Cyprus/development.asp/ID/85
http://www.investorsprovident.com
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Source : http://www.prweb.com/releases/2005/6/prweb248083.htm