“A low risk stable source of regular and excellent income delivering fabulous total returns!” 

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The Crowdfunding Project

 

Nicosia Residences is an oasis of serenity and greenery situated just a few kilometers from the centre of Nicosia in a Desirable Upscale Neighborhood. Built on a purely residential area with specifications of the highest quality, it offers luxury housing in a beautiful, safe and family-orientated environment, with landscaped public green area for children’s safe play and relaxation. 

 

Exclusive high-yielding opportunity
Make sure you make the most of your money and don't miss out on this exclusive crowdfunding opportunity.

 

1. Executive Summary

 

This under development complex of three, 4 bedroom luxury Villas, is for sale under a Crowdfunding structure. The project's market value is €1,500,000 and the purchase price is €750,000 (50% below market  value). There is €500,000 existing mortgage and our contribution is €250,000.

1. There are 25 shares available at €10,000 each. 
2. After 3 years the properties will be finished and sold and the capital gains distributed to reflect the Shareholdings. With an already improving market we expect to sell at least at the current market value or €1,500,000.
3. Articles of Association will confirm all information included in this memorandum and will be registered at Companies House plus every shareholder will have a copy.
4.Under company law an AGM will be held every year and the minutes will be distributed to all Shareholders.
5.The exit sale will be arranged by Bullseye.
6. Bullseye will take 10% of capital growth on completion of exit sale.
 

Forecast:
Sell at least at current market value = €1,500,000

Profit = €1,500,000 - €750,000 = €750,000
Total Return = €750,000 / €250,000 = 300%*
For every €10,000 a return of €30,000*
 

*subject to taxation and management fees. 

2. Project Details

 

Built on a purely residential area with specifications of the highest quality, it offers luxury housing in a beautiful, safe and family-orientated environment, with landscaped public green area for children’s safe play and relaxation.

Nicosia Residences houses have unique architecture designed by contemporary and experienced architects and have varying size and aesthetic design to cater for diverse tastes.

Each Villa consists of a ground floor with open plan living room and kitchen, toilet, balconies, covered parking and a pool. The first floor consists of four bedrooms and four bathrooms with toilet.

 

They feature under floor heating and air conditioning throughout, and granite floors and kitchen surfaces. Swimming pools are heated, with synthetic decking perimeter, shower room and a jacuzzi. A poolside bar and grill area is complemented by gardens finished with artificial grass and ornamental plants.

 

3. The Crowdfunding Process
 

Property crowdfunding is the process of multiple investors coming together to buy a property. Investors receive their returns through monthly rental income and movement in property prices. We have negotiated an option to purchase at an agreed price. The funds to purchase these properties are then crowdfunded on our platform within a specified time period. We enter into a binding commitment to purchase a property prior to presenting it on our platform for crowdfunding, to provide surety to the property vendor that the transaction will complete. In those instances we ensure that we have sufficient capital to underwrite the transaction.
 

When you commit funds to this project, money will be sent to the client account but no money will actually leave the client account until the crowdfunding target is reached. If the crowdfunding target is not reached, your funds will be returned. Your investment in property on the platform is made via the purchase of shares in a Special purpose vehicle (SPV), which is a Company, established specifically for purchasing that individual project. There is a different SPV for every project; therefore you will always know that you are investing in a specific project chosen by you.
 

At the point of investment you will be required to enter a set of investment documents. These are standard form for each investment and sample documents can be accessed before you decide to invest. We encourage you to seek independent legal advice if you require assistance

4. Exit Strategy

Three years from the completion of the transaction, we expect to have sold all properties. This process is outlined as follows. The properties are inspected and valued by an independent Chartered Surveyor. We will then commence proceedings to sell the underlying properties. The properties will be advertised for sale on the open market at the valuation determined by the Chartered Surveyor. Bullseye will administer this process and is obliged to act in the interests of investors to maximize financial return. On the completion of the sale, all Investors in that property will be exited and net proceeds will be distributed in direct proportion to your ownership of the SPV.

 

5. Extra Profit potential

 
Due to the recovering market, it’s very likely that in the next few years there might be a 10-20% property appreciation thus increasing profits accordingly. 

6. Tax Benefits

Our investment will benefit from a 50% reduction of transfer fees and the temporary exemption from capital gains tax (available for purchases done before the end of 2016).

7. Discounts and Offers

If you do decide to invest with us, you can also enjoy the following discounts and offers. For every investment of €10.000 you get 5 days of free accommodation (value €500), in one of our properties plus 20% discount for any additional days / services.

8. Market Description

It is evident from the improved fiscal indicators that the Cyprus economy is slowly entering a path of recovery. For the real estate market the significant increase of 20,18% in sales deeds during 2014 is a strong sign that the market may be starting to recover.

 

The local demand is very strong due to the culture of Cypriots who consider owning their own home as an absolute must and will do their best to achieve it once they get married. The parents also help to a great extend saving money all their life to help their kids buy a house. Home ownership in Cyprus is one of the highest in Europe at more than 80%.

Foreign buyers also started to come back due to the improving economy, lower prices and generous incentives offered by the government. We have the traditional foreign buyers who choose Cyprus for its beaches, friendly culture and ever-shining sun. The last few years we also have buyers from China, Russia, Ukraine and Middle East buying properties for investment and/or to obtain Cyprus (EU) Citizenship & Permanent Residence.

 

Looking for Cyprus Distressed or Repossessed Properties?

Distressed Real Estate has consistently proven to be an extremely lucrative investment.

 

The best-performing asset class

 

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