€117,000 | 6.15% GROSS ANNUAL RENTAL YIELD.
One-Bedroom Investment Apartment Just 2.8 km from Coral Bay Beach
An attractively priced, tenanted one-bedroom apartment in Peyia, offering immediate rental income and a convenient location close to Peyia’s post office, shops and everyday amenities.
Situated on the ground floor of an established residential development, this apartment is just 2.8 km from the beautiful Coral Bay beach. It benefits from a separate Title Deed, covered parking and access to a communal swimming pool.
ESTABLISHED RENTAL INCOME
The apartment currently generates €600 per month, equivalent to €7,200 annually and approximately 6.15% gross annual rental yield on the €117,000 asking price, before expenses and taxes.
The existing tenant will remain following the sale, allowing the buyer to acquire an income-producing property with an established tenancy.
PROPERTY FEATURES
• 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
• 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 CURRENT CONDITION
We have personally inspected the apartment and found it to be in excellent condition, with no apparent construction issues or immediate maintenance requirements identified during our inspection.
According to the ownership information provided, the apartment is free from mortgages, memos and other encumbrances. Independent legal and technical checks are welcome and can be arranged in coordination with our office.
WHY THIS APARTMENT STANDS OUT
Competitive purchase price
At €117,000, we consider this apartment particularly competitively priced based on our experience in the local market and knowledge of comparable properties offered for sale.
Income from an existing tenancy
With a tenant already in place and remaining after completion, the buyer can benefit from an established rental arrangement without initially having to market the apartment for rent.
Convenience and coastal appeal
Nearby shops and everyday services support practical residential living, while Coral Bay beach is only 2.8 km away.
No immediate refurbishment requirement
The apartment’s excellent current condition makes it an appealing option for an investor seeking a property without an immediate renovation project.
A clear reason for selling
The owner wishes to redirect the capital into another investment and has priced the apartment attractively to support the sale.
PHOTOGRAPHS AND PRIVATE VIEWINGS
To respect the existing tenant’s privacy, photographs of the apartment are shared privately with serious prospective buyers rather than displayed publicly.
The beach photographs show nearby Coral Bay and provide context for the surrounding coastal area.
Please contact us to request photographs, discuss the investment 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.
