• Individual deed
  • 80m2 gross area
  • City Centre location
  • Family bathroom
  • Terrace
  • Five story building, total 15 apartments
  • 2 & 3 bedroom apartments av.
  • Completion approx. December 2022
  • Modern style and quality finishing
  • Interest Free stage payments available
  • All amenities on your doorstep
  • Parking for each property
  • Low maintenance fees
  • Elevator

 

  • Famagusta City Centre Location
  • 2 beautiful sandy beaches within approx. 7 minutes’ drive!
  • Universities close by
  • Shops, bars, restaurants within walking distance
  • City Mall within approx. 15 minutes walking distance
  • Pharmacies & supermarkets close by 
  • Main hospital within 10 minutes’ drive 
  • Transportation services close by 
  • Touristic features 
  • 45 minutes’ drive from Ercan Airport
  • 60 minutes’ drive from Larnaca Aırport  

 

Reference No: HP2273-2

 

These modernly designed apartments offer a great lifestyle, located in the City Center of Famagusta, with all the necessary amenities for both entertainment and essentials. Within just 15 minutes’ walk you will find the superb City Mall home to high end stores, electrical stores, supermarket, café, food court and your local cinema making this indeed a great place to enjoy time with friends / family. As if this wasn’t enough the main Famagusta High street lies within just 5 minutes’ drive / 20 minutes walking distance with many more restaurants, cafes, cocktail bars, dessert shops, supermarkets, pharmacies, schools / universities, electronical stores, homeware stores, whatever you need, it’s there you name it! One of the main attractions to the City Center is the wonderful history it holds which includes a particular favorite named the ‘Old Walled City’. The old walled city offers a chance to indulge in the wonderful history that is North Cyprus, as well as perfect place to enjoy fine dining with the night lights sparkling the old town main street and it’s beautifully preserved traditional walls.

The apartments themselves are generous in size with comfortable terraces. The entire development is being built with top quality finishes and facilities that include marble stairs leading to each floor, an extremely modern elevator, plus a private and secure intercom system for entry. As the development will be due to complete within approx. 18 months, (December 2022) this gives a longer and flexible interest-free payment option.


Building Specifications:

  • 15 apartments, 5 floors total, 3 apartments per floor
  • Two-tonne water tank for each flat
  • Solar panel for each property on the roof
  • Video intercom and security system
  • Modern elevator
  • Marble stairs


Property specifications:

  • 2 and 3 bedroom apartments
  • Built in wardrobe
  • 2 beds 80m2 gross with balcony approx. 5-8m2
  • 3 beds 136 m2 gross
  • Heat, sound and fire insulation
  • Double Glazing windows
  • Steel entrance door
  • Built in kitchen with high gloss finishing
  • Bathroom fully complete with high quality finishing

Payment plans:

  • 1. First payment: (%30GBP)
  • 2. Second payment: (%20GBP) will be paid until keys receiving.
  • 3. The remaining: (50% GBP) will be paid to the company without interest in 24 months

 

Extra Cost: 

  • 0.5% Stamp duty – one off payment
  • 3% for the transfer of the deeds – one off payment
  • 5% VAT – one off payment
  • Solicitor Fee: £1400 – one off payment if you decide to use our recommended solicitor
  • Infrastructure: £1200 – one off payment
  • Approx £250 for all water and electricity connection fees
  • Maintenance fee: 120 Turkish Lira pm (£12!)


Local Amenities & Attractions: Travelling Times

  • Famagusta City Centre Location
  • 2 beautiful sandy beaches within approx. 7 minutes’ drive!
  • Universities within 10 minutes’ drive – 25 minutes’ walk
  • Shops, bars, restaurants within walking distance
  • City Mall within approx. 15 minutes walking distance
  • Pharmacies & supermarkets approx. 5 - 10 minutes walking distance
  • Main hospital within 10 minutes’ drive
  • Transportation services close by
  • 45 minutes’ drive from Ercan Airport
  • 60 minutes’ drive from Larnaca Aırport 

 

 The location of the residence and modern interior design has no doubt made these properties popular on the market and will no doubt offer a high demand for rental potential.  Being at the early stages of development and offering interest-free payment plans these apartments also offer great potential for a buyer to sell as an investment with an estimated 30% minimum ROI. 

 The average ROI for buy to let in this area is approximately 6 - 8% depending on property choice. The average ROI for a buy to flip investment (off-plan property only) is approximately 30% again depending on property choice. Please contact us to find out more.

To view information on the individual property styles available please see the following links:

2 bedroom: https://busybeesestateagents-cyprus.net/search/property-details/?permalink=hp2273-

3 bedroom: https://busybeesestateagents-cyprus.net/search/property-details/?permalink=hp2273-3-