Vikla Village Villa 35b
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1 Vikla Village Villa 35b Prepared by: Leptos Estates
2 Leptos Estates is pleased to announce a unique opportunity for the private buyer looking for a secured, high return investment at the award winning Five Star Leptos Estates project of Vikla Village. This unique offer provides: 1. Guaranteed Cash -Back a. A Guaranteed Cash Back return of 15% (overall total for a period of 3 years) through a long term rental option. b. High Yield Return on Equity (ROE) (see table A below). c. Attractive financing terms (First 3 years mortgage payments based on 65% of the loan). d. Right of usage of the property 3 weeks per year by the owner e. Hassle free investment, as all the issues regarding the investment are handled by Leptos Estates. f. Free property maintenance for the first 3 years. Please note that the proposal includes a comprehensive furnishings package that includes, among other, a 32 Flat Screen TV, satellite connectivity, and Airconditioning throughout, white goods, and electric fitted heater system (where applicable). 2. High yield return on Equity (ROE) Table A illustrates the Return On Equity (ROE) scenarios expected for this investment when coupled with the anticipated annual price appreciation scenarios. It is clearly visible that this investment, is a safe, high yield investment even if the price appreciation drops to a mere 3% per annum ( down from the current 16% annum price appreciation rate achieved in 2007). UNIT Example Description of Mortgage Loan Formulas Interest Rate arrangment 1) CHF (subject to fee (subject change) to change) A) Price (NET of VAT) 240,400 B) VAT 15% 36,060 C) Total inclusive of VAT 276,460 D) Loan at 65% C*65% 4.835% 1.25% 179,699 E) Equity at 35% C*35% 96,761 F) Furnishings Pack + Satellite conn. 10,381 G) Total Initial Investment E+F 107,142 H) Total Investment F+C 286,841 K) Cash Back A*15% 15% 36,060 2) EQUITY inclusive of VAT and furnishings G 30.00% 107,142 Scenario Analysis Description of Formulas Scenario A Scenario B Scenario C Scenario D Scenario E 1 Number of years Hypothetical Annual Appreciation 3.00% 5.00% 8.00% 12.00% 16.00% 3 Expected Selling Price H+(H*#1*#2) 312, , , , ,525 4 Expected Profit by price appreciation #3-H 25,816 43,026 68, , ,684 5 Cash Back K 36,060 36,060 36,060 36,060 36,060 6 Value of 3 weeks accomodation 70euros/night 3,500 3,500 3,500 3,500 3,500 7 Loan Arrangment fees D*1.25-2,246-2,246-2,246-2,246-2,246 8 Total Payments to Loan for 3 years (65%*D)/ ,303-40,303-40,303-40,303-40,303 (calculated on 65% of Loan) (65%*D)* Total Profit #4+#5+#6+#7+#8 22,826 40,037 65, , , Invested by you: G 107, , , , , Return on Equity #10/#11 21% 37% 61% 94% 126% 12 Return on Equity Annual #12/#1 7% 12% 20% 31% 42%
3 3. Description of Vikla Village Vikla Village is located on a hilltop boasting breathtaking views of the Paphos coastline and the nearby Tsada village with its traditional narrow streets, coffee shops, tavernas and close to the 18 hole championship golf course, with its Byzantine monastery. Stavros tis Mythis. This delightful development has a unique style and charm of it's own, with the properties spiraling around the hilltop. On the plateau of the hill is a large infinity swimming pool and a small club house for the use of the residents. Extensive sun terraces dotted with palm trees give way to breathtaking, panoramic views, unsurpassed in Paphos. The development is made up of 2, 3 and 4 bedroom villas and 1 and 2 bedroom apartments, all set in an inviting village atmosphere. The elevation of this development provides it's residents with a near perfect climate, well above the humidity levels in the summer months. The village of Tsada is only a 10 minute drive to the town of Paphos and all it amenities and has easy access to the beaches of Polis, Latchi and Paphos. Vikla Villas has been designed with a great deal of thought given to the environment with all the electricity cabling and water tanks underground. There is also a central satellite system so no large dishes obscuring the view. An ideal location within an easy reach of both the coast and countryside. 4. What really makes Leptos Estates the Leading Property Developer Leptos Estates consists of a number of development companies, including Pandora Investments Ltd, a public company operating in the areas of tourism, land investment and development. Leptos Estates selects only the finest locations Cyprus has to offer in residential, retirement and holiday residences and uses the highest standards of construction and design, to build elegant homes to suit the lifestyle and taste of today's discerning property owners. Over the years, Leptos Estates has successfully completed over 150 different new home developments, boasting more than 15,000 happy home owners. The organization has an extensive land bank, owning prime locations in Cyprus and Greece (Athens, Paros, Santorini, Crete). Extensive in-house expertise enables Leptos Estates to offer clients a totally comprehensive service from land purchasing and architectural design through to construction and interior design. The organization has one of the largest technical departments in Cyprus, with more than 60 civil engineers, architects, interior designers and surveyors. 5. Terms and Conditions a. The owner is responsible for the insurance, local council tax, and property tax for the property. b. Prices are subject to change without prior notification. c. Terms and condition are subject to contract. d. The offer is valid for a limited time, and is applicable to a selected number of units. e. Financing terms(interest rate, loan) and conditions are subject to final acceptance and approval by the bank and may vary. f. Other offers for Vikla do not apply concurrently. g. Leptos Estates reserves the right to withdraw or change any of the parameters without any written prior notice.
4 1) Description of Formulas UNIT 035b Mortgage Loan arrangment Interest Rate fee (subject to CHF (subject to change) change) A) Price (NET of VAT) 216,512 B) VAT 15% 32,477 C) Total inclusive of VAT 248,989 D) Loan at 65% C*65% 4.835% 1.25% 161,843 E) Equity at 35% C*35% 87,146 F) Furnishings Pack + Satellite conn. 10,381 G) Total Initial Investment E+F 97,527 H) Total Investment F+C 259,370 K) Cash Back A*15% 15% 32,477 2) EQUITY inclusive of VAT and furnishings G 30.00% 97,527 Scenario Analysis Description of Formulas Scenario A Scenario B Scenario C Scenario D Scenario E 1 Number of years Hypothetical Annual Appreciation 3.00% 5.00% 8.00% 12.00% 16.00% 3 Expected Selling Price H+(H*#1*#2) 282, , , , ,867 4 Expected Profit by price appreciation #3-H 23,343 38,905 62,249 93, ,498 5 Cash Back K 32,477 32,477 32,477 32,477 32,477 6 Value of 3 weeks accomodation 60euros/night 3,780 3,780 3,780 3,780 3,780 7 Loan Arrangment fees D*1.25-2,023-2,023-2,023-2,023-2,023 8 Total Payments to Loan for 3 years (calculated (65%*D)/ ,298-36,298-36,298-36,298-36,298 on 65% of Loan) (65%*D)* Total Profit #4+#5+#6+#7+#8 21,279 36,841 60,184 91, , Invested by you: G 97,527 97,527 97,527 97,527 97, Return on Equity #10/#11 22% 38% 62% 94% 126% 12 Return on EquityAnnual #12/#1 7% 13% 21% 31% 42%
5 Villa 35b - Description PROPERTY DESCRIPTION LOCATION FACILITIES SPECIFICATIONS VIEWS Quiet residential area Club House Freehold property Central Heating VILLA 035b This 2 bedroom, 1 bathroom villa is located near the beautiful picturesque village of Tsada which also boast one of the areas superb 18 hole golf courses making this development a golfers paradise. This Award Winning Development is mountain based making that the climate refreshing and free from summer humidity. This villa also offers many extras like a spacious balcony with panoramic views, air conditioning provisions, central heating, fireplace, granite kitchen tops, fitted wardrobes, pressurized water system, communal swimming pool and club house. Vikla Villas has been designed with a great deal of thought given to the environment with all the electricity cabling and water tanks underground. There is also a central satellite system so no large dishes obscuring the view. Attached to a green area Communal Swimming pool Secluded location Property Management 5 - Star Award Winning Development Close to Tsada Golf course Central Satelite system Underground cabling Underground Water Tanks Granite Kitchen Fitted worktops wardrobes 3 - Phase Electricity Double Glazed Windows Air condition provisions Private parking area Pressurised water Fireplace system Private Gardens Veranda Upgrated Bathroom & Kitchen finishes Shutters Mountain Views Tsada Village Views Storage area Safety Locks
6 VIKLA Village PROJECT SPECIFICATIONS 1. CLUB HOUSE 2. COMMUNAL SWIMMING POOL 3. CENTRAL SATTELITE SYSTEM 4. UNDERGROUND CABLING 5. UNDERGROUND WATER TANKS 6. PUBLIC GARDENS 7. CENTRAL SEWAGE SYSTEM 8. PANORAMIC SEA & MOUNTAIN VIEWS 9. 5 STAR AWARD WINNING DEVELOPMENT 10. CLOSE TO ALL AMENITIES SUPERMARKETS, BAKERIES AND KIOSKS MINUTES FROM TSADA COLF COURSE MINUTES FROM PAFOS TOWN MINUTES TO THE BEACH MINUTES TO PAFOS INTERNATIONAL AIRPORT 15. UNIQUE ARCHITECTURAL DESIGN 16. ATTACHED TO A GREEN AREA 17. THE AREA INCLUDES MANY PLACES OF INTEREST AND SIGHTSEEING. SOME EXAMPLES ARE ANCIENT MONASTERIES, THE OLD TRADITIONAL CYPRIOT VILLAGES, LOCAL TAVERNAS AND COFFEE SHOPS
7 VIKLA Village PRODUCT SPECIFICATIONS 1. FREEHOLD PROPERTIES 2. GRANITE KITCHEN WORKTOPS 3. FITTED WARDROBES 4. UPGRATED KITCHEN FINISHES 5. UPGRATED BATHROOM FINISHES 6. ELECTRIC FITTED HEATER SYSTEM 7. 3 PHASE ELECTRICITY PROVISIONS 8. SHUTTERS 9. DOUBLE GLAZED WINDOWS 10. GARAGE 11. CAR PORTS 12. PRIVATE PARKING AREAS 13. FIREPLACE 14. BASEMENTS 15. TERACCES 16. GARDENS 17. PATIOS 18. PERGOLAS 19. VERANDAS 20. BALCONIES 21. A/C PROVISIONS 22. SAFETY LOCKS 23. ENSUITE BATHROOMS
8 Villa 35b - Lower Level Plan (Preliminary)
9 Villa 35b - Upper Level Plan (Preliminary)
10 Villa 35b - Site Plan (Preliminary) 35b
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