Description

Limelight Residences is an exclusive boutique development in Ayia Napa, offered for sale as a complete residential building, presenting a rare opportunity to acquire an entire contemporary development in one of Cyprus' most vibrant and internationally recognized coastal destinations. Designed to combine architectural elegance, functionality and lifestyle appeal, the property offers an attractive proposition for investors seeking to acquire a fully integrated residential asset with potential for both long-term value and income generation. The development comprises three carefully designed apartments, distributed across multiple levels including the lower floor, ground floor, first floor, second floor and roof garden level. The limited number of residences creates an intimate and exclusive environment, while the building's layout provides flexibility for a range of investment strategies, including luxury holiday rentals or other residential income-generating uses. The first residence is a thoughtfully designed two-bedroom apartment extending across two levels. The ground floor features an open-plan layout connecting the kitchen, dining and living areas, complemented by a covered veranda, a bathroom and a comfortable bedroom. On the lower floor, the apartment benefits from a second bedroom with its own kitchenette and bathroom, creating a versatile space suitable for guests or independent accommodation. The remaining two apartments are positioned on the first and second floors respectively, each offering spacious and well-balanced interiors. Both residences feature open-plan kitchen, dining and living areas, covered balconies and two bedrooms, including a master bedroom with an en-suite bathroom, together with an additional bathroom serving the rest of the apartment. A defining feature of each residence is its private access from one of the balconies to its own dedicated roof garden, adding an exceptional dimension of privacy and outdoor living. The private roof gardens have been designed to create an elevated, resort-inspired experience, featuring a BBQ area, outdoor shower and private jacuzzi-pool. These exclusive outdoor spaces provide an ideal setting for relaxation and entertaining while taking full advantage of Cyprus' Mediterranean climate, significantly enhancing the appeal of the residences for both guests and future tenants. Practicality and convenience have also been carefully considered throughout the development. Each apartment benefits from a dedicated storage room and private parking space located on the lower floor, providing secure and convenient facilities for residents and guests. The location further strengthens the investment appeal of the property, with a wide range of everyday amenities within close proximity and Ayia Napa's beaches, restaurants and entertainment options easily accessible. This combination of accessibility and privacy makes the development particularly well suited to the growing demand for high-quality accommodation in one of Cyprus' most established coastal destinations. An additional advantage for investors is the potential VAT treatment associated with operating the entire building as a short-term rental business. Where the acquisition and subsequent use of the property meet the applicable legal, tax and VAT requirements, the VAT paid on the purchase may be eligible for recovery or refund through the relevant business structure and VAT framework. This can further enhance the overall investment proposition, although any such VAT recovery would remain subject to the purchaser's specific circumstances, intended use of the property and applicable professional tax advice. Combining the opportunity to acquire an entire boutique residential development, three individually designed apartments with private outdoor amenities, dedicated parking and storage facilities, and a prime location in Ayia Napa, this property represents an exceptional opportunity for investors seeking a distinctive income-producing asset with strong short-term rental potential and long-term value in one of Cyprus' most sought-after coastal destinations.