Noel Residence

Introducing Noel Residence – Quiet Contemporary Living near the Heart of Nicosia
The perfect fusion of urban connectivity and serene living. Noel Residence offers a boutique architectural experience in the Lycavitos area of Nicosia, a prime location providing easy access to the motorway and city center. This exclusive project redefines modern urban living with features designed to meet the needs of professionals, families, and investors seeking exceptional value.

Situated in a coveted urban spot, Noel Residence is surrounded by the vibrancy of the city while maintaining a tranquil atmosphere. Its thoughtful design promotes an elegant, comfortable lifestyle, where every corner is crafted to foster beautiful memories.

Noel Residence, powered by Gold Heritage, is a contemporary residential block of 8 exclusive apartments. This boutique development includes two one-bedroom apartments, three two-bedroom apartments, two three-bedroom apartments, and a luxurious three-bedroom penthouse with a service room. Currently, 5 of the 8 units have already been pre-sold, highlighting the strong market demand and investor confidence. Construction began earlier this year and is on track to complete by April 2025.

Designed by Epitessera, the project boasts an energy-efficient Class A rating, incorporating independent photovoltaic systems for sustainable living. Additional advanced features include spacious covered terraces, parking spaces, fire-resistant security doors, provisions for e-vehicle charging, and state-of-the-art fiber-optic communication systems.

With a proven track record of delivering projects on time and within budget, Gold Heritage ensures that Noel Residence is set to become a sought-after address in Nicosia, blending modernity, sustainability, and premium living.

Sanoel Limited, the issuer of Noel Residence, is a specialized property development company under the umbrella of Gold Heritage, a trusted name in the real estate industry with over three decades of experience. Sanoel Limited was established to execute premier residential projects in Nicosia, particularly in the sought-after Lycavitos area.

The company operates with a robust and strategic financial model, emphasizing minimal borrowing by leveraging freehold land and pre-sales.
This approach allows Sanoel Limited to avoid the financial risks associated with heavy debt, ensuring timely project completion and investor returns.
The company relies on third-party contractors for construction, keeping operations streamlined and efficient while maintaining high-quality standards.

Sanoel Limited’s leadership, comprised of Stavros Petrakides and Alexandros Makris, brings extensive expertise and a proven track record of delivering a series of successful residential projects, such as Apollo Tower, Milos Residence, and Onar Residence, all completed on time and within budget.

Their projects are known for their modern designs, energy efficiency, and incorporation of advanced amenities, consistently meeting the demands of contemporary urban living. With Noel Residence, Sanoel Limited continues its tradition of excellence, delivering a boutique development designed for modern investors and residents alike.

The Noel Residence project Owner is seeking to raise €250,000 through a bond issue to partially fund the construction of its boutique residential block in the Lycavitos area of Nicosia. This fundraising initiative provides investors with a unique opportunity to be part of a high-demand property development while enjoying competitive returns.

The bond, issued at a discounted price of €0.92166 and redeemable at par, offer an attractive annual return of 8.5%, making them an appealing option for those looking for short-term investment opportunities with reliable outcomes.

The project has already demonstrated significant progress, with construction well underway and five of the eight units pre-sold, reflecting robust market demand and reducing the overall investment risk.

The bond issue will officially launch on December 1, 2024, with the funds raised allocated toward completing the remaining phases of construction, ensuring timely delivery by April 2025.
Sanoel Limited’s proven financial prudence, evidenced by its avoidance of heavy borrowing and reliance on pre-sales, underpins the stability of this fundraising effort. The company’s past successes and adherence to timelines and budgets further bolster investor confidence in this initiative.

For investors, the fundraising process is facilitated through the CrowdX platform, which ensures a secure and regulated environment for subscribing to bonds and managing investments.

Gold Heritage has a proven track record of delivering its projects on time and within budget. Below is a list of completed projects with their respective timelines from start to finish:

The table shows the money you could get over the minimum period of investment, under different scenarios, assuming you invest €10,000. The scenarios shown illustrate how your investment could perform. You can compare them with the scenarios of other similar products.

• Optimistic scenario
  The Project Owner estimates pre-tax profit on the project of €850,000, which is more than enough to cover the 8.5% annual return, which in monetary terms corresponds to €21,250. For this reason, the Issuer is expected to easily pay the 8.5% annual return and pay in full the capital invested.
• Normal scenario
  The Project Owner estimates a pre-tax profit on the project of at least €850,000, which is more than enough to cover the 8.5% annual return, which in monetary terms corresponds to €21,250. For this reason, the Issuer is expected to easily pay the 8.5% annual return and pay in full the capital invested.
• Pessimistic scenario
  The maximum period for redemption is 1 year. In the event that none of the 3 remaining flats are sold within the maturity period of the bonds, and the Issuer extends the repayment period for another six months, then in this worst-case scenario, the return for the investor is seen decreasing to 5.59%.

Below are the main risks associated with funding the project, with the sector, the project owner and the securities.

We have classified this product as 2 out of 7, which is a low-risk class. The summary risk indicator is a guide to the level of risk of this product compared to other products.
It shows how likely it is that the Issuer is unable to repay your investment and guaranteed return.

The chart rates the potential losses from future performance at a low level, and poor market conditions are not expected to impact the amount you could get back. Changes to tax laws/treaties may adversely affect returns on your investment.

The risk indicator assumes you keep the product for 12 months, which is the minimum holding period. The actual risk can vary significantly if you cash in at an early stage and you may get back less. Market developments in the future cannot be accurately predicted. The scenarios shown below are only an indication of some of the possible outcomes based on recent returns. Actual returns could be lower.

The Company is exposed to general risks such as market, credit, liquidity and geographical risk.