• Individual Exchange deeds
  • Ready for handover!
  • First and only private avenue of Cyprus
  • Studios, 1 Bedrooms left!
  • In the heart of Famagusta!
  • Huge Rent income
  • Easy and quick return of investment
  • Easy transportation & access
  • 400 capacity outdoor/indoor parking
  • Retail building 2000 m2!
  • Communal pool

 

  • Everything you need and more on your doorstep incl bars, restaurants, clubs, supermarkets, university and hospitals
  • Close to City mall and Famagusta historical center
  • Within 5 minute drive from 2 fabulous sandy beaches
  • Within 45 minute drive from Ercan airport
  • Within 60 minute drive from Larnaca airport
  • Return of investment is 8-10 years
  • Great value for money in the City

Growing from year to year the popularity of North Cyprus has turned the country into an International hot spot of investment and tourism. Both small, medium and large time investors are attracted to Northern Cyprus mainly by inexpensive real estate, low taxes, ease of acquisition, the possibility of rapid immigration and a number of other reasons. Famagusta, the largest populated City, is seeing a good portion of this investment and this complex is in a popular area for both investment and those just looking for a great holiday home in the heart of the City. We are proud to present to you, off plan and from a builder proven in his previous projects to always finish on time, these stunning one bedroom apartments in the center of town. Register your interest now, limited availability. One block is finished and sold out. Reference No: HP1985 

Project Details:

  • Ceramic flooring
  • High-gloss kitchen
  • Sliding wardrobe doors in bedrooms
  • Double glazed aluminum windows
  • Marble stairwells
  • Glass combination balcony railings
  • Central heating and cooling systems
  • Elevator
  • Central water tanks
  • Central water pressure system
  • Central generator
  • Central satellite system
  • Central fire protection system
  • Land Area: 13,000 m²
  • Construction Area: 36,000 m²
  • Retail Area: 7,700 m²
  • Residential Area: 22,700 m²
  • Basement: 6,500 m²
  • The capacity of indoor and outdoor parking: 400 cars

Property Information:

Approx 45 m2 total


Payment terms:

First Payment 

£2000 + £1400 solicitor fees (If you decide to use our recommended solicitor)


Second payment:

Down Payment 60% + 0.5% stamp duty

The remaining 40% of the property value can be paid either in Cash

Or

Within 12 months interest-free installments


Extra costs:

  • 3% for the transfer of the deeds once your property is paid in full
  • 5% VAT subject to a new property
  • Approx. £2000 for water and electricity connection
  • Approximately 250 tl per month for maintenance (APPROX £25!) First-year to be paid upfront at handover


Rental potential:

  • Studio – Approx £220 per week high season through 25 weeks of the year
  • Long Term – Approx £220 per month