•  Exchange deeds
  • Only one, 1 bedroom penthouse available from £132,000
  • Also one 2 bedroom penthouse available from £155,000
  • All master bedrooms with en suite and balcony
  • Optional Private Jacuzzi, bar and barbeque area
  • Allocated parking spaces
  • Gated residence with lobby & lift
  • 5 year mortgage available
  • Completion in May 2020 with 4 months grace period.
  • Fantastic investment
  • Right in the heart of Famagusta City Centre
  • Within 5 minute drive to the Main hospital
  • University within 5 minute drive, 15 min walk
  • Everything you could possibly need on your doorstep and more!
  • 50 minutes’ drive to Larnaca airport
  • 40 minutes’ drive to Ercan airport
  • 5 minutes’ drive to two beautiful sandy beaches
  • 5 minutes’ drive from the City Mall
  • Bus service available

 

Only two penthouses are available in this astonishing block of apartments, a 1 bedroom and a 2 bedroom. These two properties offer a real luxury lifestyle both with an en suite, a private Jacuzzi, bar and barbecue area. As if this wasn’t enough the block sits in the heart of Famagusta City center where everything you could possibly want and more is within walking distance. The interior design of the apartments are quite exquisite with high quality finishing, customized drop ceilings and a built in TV living room unit. The block itself contains a lobby and a lift to each floor.  Although located in the city center you are still only within 5 minutes’ drive from two beautiful sandy beaches. There really isn’t much more you can ask for!
Reference No: HP2122 - p

The Property
Apartment Sizes:
• 1 bedroom 130m2
• 2 bedroom 180m2

Specifications:
•Only one 1 bedroom penthouse available at a spacious 130 square meters
•Only one 2 bedroom penthouse available at a spacious 180 square
•Optional Private Jacuzzi, bar and barbeque area available upon request at an additional cost
•All master bedrooms have en suite
•City Centre location
•Fully customized kitchen and bathroom
•Fitted wardrobes
•Double glazed windows
•Heat and sound insulation
•Allocated parking
•Efficient Mini VRF heating / cooling system
•Water heating system
•Central generator and central satellite system
•Allocated covered parking
•Foyer and lift lobby
•5 years structural guarantee
•Assured rental income
•Flexible payment plans

Payment plan:
Only £2000 deposit + £1400 solicitor fees (If you decide to use our recommended solicitor)
Then 50% - Reservation fee + 0.5% stamp duty within 4 weeks

Either the remaining 50% in cash on completion in May 2020 with 4 months grace period.
or 
After handover apply for 5 – 10 year mortgage at 9.2% interest rate

Payment plans are flexible should you have a plan in mind we will do our very best to meet your requirements.

At handover:
All properties are subject to 5% vat
And a one off fee for the infrastructure approx. £2000
One year up front maintenance fee approximately

Extra costs when purchasing property:
5% vat if a newly built property
3% when transferring the deeds into your name
0.5% stamp duty
Infrastructure fee approximately £1500 - £2000 depends on the developer requirements
Maintenance fee: approx. £70 per month
500tl deposit at the electricity office when transferring the bill into your name. This is refundable should you require to sell the property and all debts are clear.
1500 tl when applying for the electricity meter. Some developers may consider covering this cost. 

Rental Potential:
Short term holiday lets: Approximately £400 through 25 weeks of the year
Long term lets: Approximately £400 per month