FROM £55,000 + VAT

  • 4 YEAR RENTAL GUARANTEE AVAILABLE 8%
  • Completed block with amenities!
  • Studio and 2 Bedroom apartments available in block A (Ready)
  • Block B, Studio, 1 bedroom, 2 bedroom and penthouse apartments available
  • Entire completion 2024
  • 2 large communal swimming pools
  • 2 bars one including a pool bar
  • Restaurant, Irısh bar, tennis court, volleyball, aqua slides and Spa
  • Two Children’s play areas 
  • Free bus service to the market
  • Free bus to the beach every hour
  • 5 minutes’ drive from a beautiful and sandy long stretch of beach
  • 20 minutes’ drive to Famagusta city
  • 90 minutes’ drive to Larnaca airport
  • 50 minutes’ drive to Ercan airport
  • Great rental potential

Reference No: HP2131-As

 

Life has already started on this attractive site with 1 very stylish apartment block already completed along with 2 communal pools with aqua slides, a pool bar, a covered children’s play area, an outdoor children’s play area, relaxing sunbed area, covered seating area and the A La Carte restaurant. At full completion in 2024 there will be a total of fıve blocks where the restaurant block will also add a main office, a conference hall and a spectacular Irish bar. Added facilities will include an outdoor tennis court, volleyball court, an indoor gym and a SPA centre, making this complex one of the greatest places to be. And there is no need for a car! With Long Beach just 5 minutes away from the complex, a free bus service runs every hour from the site straight to the beach! Long Beach is famous for its beautiful golden stretch of sandy beach and an American style walk way. As well as this just opposite sits a supermarket and if you decide to take a stroll along the palm tree decorated walk way, you will also find an outdoor gym and an area on the beach to take part in some fun water sport activities!

This site is perfect for those great family holiday homes, full time sunshine living and short term holiday let investments, as the developer offers hotel style amenities offering all-inclusive packages to their rental customers.

The company has already successfully rented out apartments for block 1 in the summer of 2019. 

Completion dates:

  • Block 1 – Life has already started
  • Block 2 – Under construction, handover Dec 2020
  • Block 3 – Handover 2021
  • Block 4 – Handover 2023
  • Entire site completion – 2024

2 Bedroom apartments on Block A from £116,000

On site amenities include:

  • Turkish hamam
  • Sauna
  • Spa center
  • Fitness center
  • Covered and outdoor children’s play area
  • Pool bar
  • A la carte restaurant
  • Covered seating area
  • Outdoor sunbed and seating area
  • Free bus service to the beach from site every hour
  • Free bus service to the market
  • Aqua slides
  • 2 Outdoor communal pools
  • Children pool

Payment terms:

  • First payment - £2000 deposit + £1400 solicitor fees required (If you decide to use our recommended solicitor)
  • Second payment - 30% down payment minus your £2000 deposit + 0.5% stamp duty, all to be paid within 4 weeks maximum from the date of paying your deposit.
  •      * Please note, if you have decided to take the rental guarantee then the money for the furniture package should also be paid at this time.
  • Final payment - 70% within 5 months, interest free installments

Extra costs: 

  • Maintenance fee £46 per month
  • Utility connection £1500
  • Registration fee 232 Turkish Lira ( Approximately £35 )
  • Transfer Title Deeds 3%
  • VAT (5%) in 2023
  • Electricity connection 469 Turkish Lira ( Approximately £70 )

Rental Guarantee:

  • GUARANTEED RENTAL 8% FOR 4 YEARS
  • Owners will only be able to enter their property 4 weeks per year out of season
  • The developer will hold complete responsibility for the entire time your property is rented. There no extra fees in handling your property.
  • The agreement includes 4 year tenancy warranty. Therefore any interior damages will be covered by the developer.
  • The developer insists you purchase one of their high quality furniture packs, that are actually at great and affordable prices. This is only because if they are to rent your property successfully they will need the apartment to be attractive and to be offered out to customers with good standards. The company takes pride in their rentals and offers all inclusive deals like 5* hotels.
  • If you require to terminate your rental agreement with the company at any point you must inform the company know 6 months before at least 6 months in advance.

AVAILABILITY + PRICES  (Please note, the transfer fee for title deeds is not due until the entire complex is finished in 2024)

Property No:

Property type

Internal m2

Total incl balcony m2

Price

Furniture packs

Stamp Duty 

vat

Transfer

 

connection

Total

A1

2+1

98

132,5

116.000

11,000

580

5,800

3%

3480

1605

133,720

A2

2+1

98

132,5

116.000

11,000

580

5,800

3480

1605

133,720

A3

2+1

93

124,6

116.000

11.000

580

5,800

3480

1605

133,720

A11

2+1

98

132,5

117.000

11,000

585

5,850

3510

1605

137,945

A13

2+1

93

124,6

117.000

11,000

585

5,580

3510

1605

137,945

A16

2+1

98

132,5

121.000

11,000

605

6,050

3630

1605

143,890

A23

2+1

93

124,6

118.000

11,000

590

5,900

3540

1605

140,635

A36

2+1

98

132,5

123.000

11,000

615

6.150

3690

1605

146,060

A38

2+1

93

124,6

123.000

11,000

615

6,150

3690

1605

146,060

A43

2+1

93

124,6

119.000

11,000

595

5,950

3570

1605

141,720

A46

2+1

98

132,5

125.000

11,000

625

6,250

3750

1605

148,230

-A51

2+1

98

132,5

118.000

11,000

590

5,900

3540

1605

140,635

A61

2+1

98

132,5

119.000

11,000

595

5,950

3570

1605

141,720

A64

1+1

48

65

reserve

 

 

 

 

 

 

A110

STUDIO

57

100

55,00

6,500

275

2750

1650

1605

67,780

A130

STUDIO

57

100

55,00

6,500

275

2750

1650

1605

67,780

EXAMPLE RENTAL GUARANTEE

Studio @ £55,000 x 8% = £4,400 per year x 4 years = £17,600 return GUARANTEED

Estimated value of apartment in 4 years (based on other projects) £85,000

2 bedroom @ £116,000 x 8% = £9,280 per year x 4 years = £37,120 return GUARANTEED

Estimated value of apartment in 4 years (based on other projects) £160,000