Limassol Marina, a new €350 million superyacht marina, has recently presented its berthing tariffs as well as launch package details. These firmly position Cyprus as a new prestigious location on the nautical yachting map.
Limassol Marina
The integrated project, which will be ready to welcome its first yachts and residents by the end of 2012, is setting new standards for living and sailing in the Mediterranean.
The marina, operated and managed by Camper & Nicholsons in partnership with local firm Francoudi & Stephanou Marinas, is an official Port-of-Entry, which will provide 650 berths for all types of vessels, from 8m sailing boats through to 115m mega-yachts. Each berth will have access to fresh water, electricity and to a fibre optic network providing high speed broadband, wireless internet and telephone.
There will also be a fuel station, waste removal, haul out and shore-side technical facilities, a dry dock and workshop for light repairs and maintenance. All of this will be combined year-round, with 24-hour security, a concierge service and a team of experienced marina professionals to ensure the smooth running of all facilities.
Pissouri Bay, Limassol, Cyprus
Paul Sorrell, the project’s Marina Manager, is confident that the newly released tariffs and launch packages will entice yachts on an international scale: “Limassol Marina is set to be one of the world’s finest full service marinas located on a beautiful island with a strong nautical history. Our position on the crossroads of three continents means that we are luring investors away from more traditional yachting locations in Europe. We are very proud to be bringing these plans successfully to reality.”
Cyprus is one of the more tax-efficient places in Europe for yacht owners, thanks to a new scheme covering the lease of pleasure boats on the island, launched by the Cyprus VAT Service. Under this scheme, VAT rates are reduced to as little as 3.4% of the initial value of the yacht – an incredibly low rate compared to other favoured destinations such as Italy and France.
With calm, peaceful waters free from the yacht congestion experienced elsewhere in the Med, Limassol Marina offers an exceptional place for living and sailing. The project has 162 luxury apartments and penthouses with uninterrupted sea and marina views, 15 villas with direct access to the beach and a further 68 villas with their own private berths for yachts up to 60m attached to their garden.
Surrounded by the sparkling Mediterranean, all residences are situated on the doorstep of waterfront restaurants and bars, fashionable shops, a cultural centre, spa and yacht club. Located in the heart of Limassol, Cyprus’ most vibrant and cosmopolitan city, Limassol Marina has been designed to blend seamlessly with the town’s historic centre, the old harbour and the medieval castle.
