IPN Cyprus

LOTUS Residence

anastasija@ipncyprus.com
Jul 13, 2023 3 minutes and 11 seconds

The Development 

The development located in Zakaki, Limassol will consist of 4 individual buildings with a total of 29 spacious modern apartments. Building A is now available for sale.

Each building consists of 1-, 2- and 3-bedroom apartments all featuring separate guest toilets, high-quality finishes, and spacious covered veranda areas giving you the opportunity to enjoy a calm & comfortable living environment surrounded by the peacefulness that this area has to offer.

Location 

Zakaki, a key neighbourhood of Limassol, continues to go from strength to strength. The area already consists of multiple international companies in industries such as shipping & technology whilst also being conveniently located in close proximity to Private schools & the Limassol General Hospital. The area already boasts Limassol’s only Shopping Mall, Water Park & Upmarket Beach restaurants located at Lady’s Mile Beach. In future, the area will feature a Casino (opening June 2023) and the only City Center golf course in Cyprus (opening Q1 2025).


Based on the already established demand in the area and based on the fact this area is expected to be the main entertainment zone of Limassol, we expect that the rental demand will continue to rise in addition to the increase in the value of the properties. This makes Zakaki and more specifically Lotus residence an ideal investment for both personal use and as a buy-to-let purchase.


City of Dreams Casino


The development is only 500 metres away from the City of Dreams Casino - the largest entertainment project of its kind in Europe and the Middle East. It is expected to attract a vast majority of tourists from around the globe, potentially creating a high demand in the short-term property sector in the area of Zakaki. The resort is also expected to employ a large number of staff who will also be seeking long-term high-quality comfortable accommodation in close proximity.


Limassol Greens Golf Course


Located only a 5-minute drive from Lotus Project, Limassol Greens Golf Course boasts unique scenery next to the largest Salt Lake on the island. Engulfing the resort at 6404 metres, it will be a fully integrated 18-hole Championship Course set in an exquisitely natural landscape, with an array of feature ponds, and olive and carob trees, distinctive of the Mediterranean flora. 
 

Designed by the renowned master golf architect, Cabell Robinson, the course features opulent Bermuda grass, generous fairways, surging greens and astonishing pot bunkers to enthral every golf aficionado. It is a truly staggering course designed for an unforgettable all-year-round golf experience.


Lady's Mile Beach 


With its clear blue waters, sandy beach and beautiful outdoor style restaurants, Lady’s Mile is one of the most beautiful beaches Limassol has to offer and is a firm favourite among the locals as well as tourists, located only a 3-minute drive away from the development.


My Mall 


Offering a convenient and comfortable shopping experience, My Mall has a variety of international shops and local boutiques, cafes, restaurants and fast food outlets, all within walking distance from the development.  


Fasouri Waterpark 


Great day out for the family on a hot summer’s day, the waterpark is a quick 5-minute drive away.

The contractor

The project is being built by a respected and trusted Category A contractor with over 66 years of experience in the market. They have completed over 450 projects (including large-scale projects such as hotels) in 6 different countries and have a team of over 200 staff.

Completion

Construction has started & the estimated completion date is Q4 2024.

Prices are starting from 210,000 + VAT.

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