Q Park View Property Development By Quality Group

Last Updated on: 2nd November 2024, 05:27 am

The Q Park View Property Development, a remarkable project by Quality Group, exemplifies the pinnacle of luxury living in Larnaca, Cyprus. Established in 1991, Quality Group has successfully completed over 225 projects and operates with more than 2000 employees across 62 countries, catering to a diverse clientele base¹². Q Park View is situated in the prestigious Faneromeni area, providing stunning views of the city’s largest green park while being conveniently close to vital services like schools, supermarkets, and hospitals. This upscale property development features a modern three-story residential building that consists of only three private residences, thoughtfully designed to maximize space and comfort.

Key Takeaways

• Q Park View embodies luxury living in Larnaca, Cyprus.
• Quality Group is known for its commitment to quality construction and innovative designs.
• Located in Faneromeni, the development offers stunning park views.
• The property consists of only three exclusive residences.
• Quality Group has completed over 225 projects since 1991.
• Proximity to essential services enhances the convenience of living at Q Park View.

Overview of Q Park View Property Development

Q Park View Property Development by Quality Group showcases a remarkable addition to the luxury real estate landscape in Larnaca, Cyprus. This project exemplifies the commitment of Quality Group to provide high-end properties that reflect advanced design and premium living standards.

Introduction to Quality Group

Established as a leading name in premium real estate projects, Quality Group is recognized for its dedication to quality and meticulous attention to detail. The firm specializes in creating luxury living amenities that attract discerning clients. Their dedication to excellence ensures that each property not only meets but exceeds customer expectations.

Location and Accessibility

Located in the vibrant Faneromeni area of Larnaca, Q Park View benefits from unparalleled access to both the city center and the beach, making it a desirable location for both locals and expatriates. This area’s surrounding amenities provide convenient access to essential services such as schools, kindergartens, supermarkets, and hospitals, ensuring residents enjoy a well-rounded lifestyle. The project delivers an appealing urban living experience, complemented by stunning landscape views, including Larnaca’s beautiful Salt Lake and green parks.

Project Highlights and Features

The Q Park View development highlights quality with spacious, turn-key residences offering impressive layouts. Properties feature luxury specifications with single-floor apartments providing an expansive internal area of up to 93 m² and a generous 24 m² veranda, creating a perfect blend of comfort and style. The monolithic construction method enhances strength and durability, ensuring long-lasting quality for property owners. Additionally, each unit comes equipped with covered parking and storage facilities, while the luxurious penthouse offers exclusive access to a private rooftop terrace measuring 38 m², reinforcing Q Park View’s status among Quality Group properties.

Luxury Living Amenities at Q Park View

At Q Park View, luxury homes by Quality Group offer a unique blend of modern design and outstanding amenities. The focus on high-end residential developments ensures that every detail contributes to a luxurious living experience. These properties are crafted to provide comfort, sophistication, and a sense of community.

High-end Residential Developments

The residences at Q Park View are a testament to upscale property investments, featuring spacious layouts with 10-foot ceilings and floor-to-ceiling windows that flood the interiors with natural light. Residents enjoy a remarkable sky deck complete with a stunning saltwater pool and a sauna, creating the perfect escape right at home. For pet owners, the community is designed to accommodate up to two pets per apartment, with a one-time nonrefundable pet fee of $400 for one pet or $600 for two pets, plus a monthly pet rent of $25 per pet³.

Community Features and Nearby Attractions

Q Park View is surrounded by vibrant community features designed to enhance the lifestyle of its residents. The area includes parks, playgrounds, and leisure zones, catering to family needs and fostering a communal spirit. A state-of-the-art fitness center and a professional dog spa are also on-site to ensure wellness and convenience³. Additionally, the local vicinity boasts attractions such as Larnaca beach and rich cultural landmarks, along with a variety of dining and entertainment options that elevate the quality of life for residents.

Investment Opportunities with Q Park View

Investing in Q Park View presents lucrative investment opportunities that align with the growing demand for luxury residential spaces. As the project develops, the pricing structure becomes a central focus for prospective buyers. Units at Q Park View start at approximately $313,120, with a competitive price per square meter set at $8,240, reflecting the property’s premium status.

Pricing Structure and Cost Analysis

Understanding the pricing structure is essential for evaluating the property’s potential as a sound financial choice. A detailed cost analysis reveals that investing in Q Park View is not just a lifestyle decision; it is a strategic investment that capitalizes on the high demand for luxury properties in Larnaca. With a significant net revenue of €825 million reported in 2016 and an EBITDA exceeding €194.9 million, Q Park’s financial performance underscores the project’s viability⁴. Additionally, at 15x EBITDA multiple, the property’s valuation demonstrates promising growth potential⁴.

Market Trends and Property Price Comparison

Current market trends indicate a favorable environment for real estate investments in Larnaca, with escalating property values, particularly in highly sought-after areas like Faneromeni. Conducting a property price comparison reveals that Larnaca’s average price per square meter is significantly competitive compared to other cities. Such dynamics suggest that Q Park View is poised to attract sophisticated buyers who appreciate upscale investments. With property value trends indicating a bullish market, this development stands as a compelling option for investors seeking to enhance their portfolios in the luxury segment.

The acquisition trends underline the increasing potential in premium segments, solidifying Q Park View as a prime location for impressive returns in the evolving real estate landscape.

Investors can rest assured that their funds will contribute towards a development anchored by substantial performance metrics, ensuring that Q Park View remains a notable figure in the competitive luxury property market⁴.

Conclusion

As we summarize the insights on Q Park View Property Development By Quality Group, it is clear that this premium development stands out in the real estate landscape of Larnaca. Combining exceptional design with luxury living amenities, the project ensures residents can enjoy a modern, sophisticated lifestyle while having access to essential conveniences.

The strategic location, coupled with high-quality construction, positions Q Park View as a compelling option for both homebuyers and investors. With substantial investment opportunities arising from its appealing features and the flourishing property market, potential homeowners can expect both comfort and long-term value from their purchase.

In an evolving real estate environment, Q Park View offers a unique blend of elegance and practicality, making it not just a residential choice but an investment for the future. For more information related to data handling and privacy matters, consider reviewing Q-Park’s comprehensive privacy policy, which aligns with the company’s commitment to transparency and compliance⁵.

Source Links

1. https://dom.com.cy/en/live/developers/zastroyshchiki-limassola/quality-group/
2. https://qualitygroup-cyprus.com/en
3. https://parkcentralraleigh.com/
4. https://www.q-park.com/news/newsitem/13600/offer-from-kkr-infrastructure
5. https://www.parking.net/parking-news/q-park/holding-i-b-v-announces-pricing-of-eur-550-million-senior-secured-notes-offering