€117,000 PER APARTMENT | 6.15% GROSS ANNUAL RENTAL YIELD

Investment Apartments Just 2.8 km from Coral Bay Beach

An attractive opportunity to acquire one, two or three tenanted one-bedroom apartments in Peyia, just 2.8 km from the beautiful Coral Bay beach and close to Peyia’s post office, shops and everyday amenities.

All three ground-floor apartments are located within the same residential development and are priced at €117,000 each. Each apartment has its own separate Title Deed and can be purchased independently. Buyers may purchase one apartment, any two, or all three together—there is no requirement to purchase all three.

EXISTING TENANTS AND IMMEDIATE RENTAL INCOME

Each apartment currently generates €600 per month, equivalent to €7,200 annually and approximately 6.15% gross annual rental yield on the asking price, before expenses and taxes.

The existing tenants will remain following the sale, allowing buyers to acquire an income-producing property with an established tenancy.

EACH APARTMENT OFFERS

• Asking price: €117,000
• 1 bedroom
• 1 bathroom
• Ground-floor position
• Approximately 49 m² of covered internal space
• Approximately 8 m² of covered veranda
• Covered parking
• Access to a communal swimming pool
• Separate Title Deed
• Existing tenant paying €600 per month
• Annual communal fees of just €500, with payment arrangements open for discussion and agreement

EXCELLENT CONDITION AND SEPARATE TITLE DEEDS

We have personally inspected the apartments and found them to be in excellent condition, with no apparent construction issues or immediate maintenance requirements identified during our inspection.

Each apartment has a separate Title Deed and, according to the ownership information provided, is free from mortgages, memos and other encumbrances.

Buyers are welcome to arrange independent legal and technical checks in coordination with our office.

WHY CONSIDER THIS INVESTMENT?

A particularly competitive purchase price
At €117,000 each, we consider these apartments an excellent value proposition based on our experience in the local property market and our knowledge of comparable properties offered for sale.

An established rental income
Current rental income of €600 per month per apartment provides a clear basis for evaluating the investment, with tenants already in place and remaining after completion.

A convenient location near the coast
Situated close to shops and everyday services, and just 2.8 km from Coral Bay beach, the apartments combine practical residential convenience with proximity to one of the area’s best-known coastal destinations.

The freedom to invest at your own level
Purchase a single apartment as an accessible investment, choose two to expand your rental income, or acquire all three as a portfolio within the same development. Each apartment is available separately.

No immediate renovation project
Their excellent current condition makes these apartments appealing to buyers seeking an established rental property without an immediate refurbishment requirement.

A motivated seller with a clear objective
The owner wishes to redirect the capital into another investment and has priced the apartments attractively to support the sale.

PRIVATE PHOTOGRAPHS AND VIEWINGS

We respect the privacy of the existing tenants, so photographs of the apartments are shared privately with serious prospective buyers rather than displayed publicly.

The beach photographs show nearby Coral Bay and illustrate the surrounding coastal area.

Please contact us to request property photographs, discuss purchasing one or more apartments, or arrange a private viewing. Independent inspections can also be arranged through our office.

The exact property location will be shared once a viewing has been scheduled.