• TURKISH TITLE DEEDS
  • IN THE HEART OF FAMAGUSTA CITY CENTER
  • INTEREST FREE PAYMENT TERMS AVAILABLE
  • Studios 38/39 m2 total
  • Handover September 2020
  • Modern style 23 story building
  • Fantastic investment opportunity for buy to let
  • Gym within 50m
  • Shops situated underneath the apartments
  • Optional studio, 1 bedroom, and 3 bedroom apartments left!
  • Within 800m from the EMU University
  • Choose between two fantastic beautiful sandy beaches to spend the day! Within 10 minutes’ drive
  • Main hospital and private hospitals situated around the complex 
  • Within 40 minutes’ drive from Ercan airport
  • Within 60 minutes’ drive  from Larnaca airport
  • Night life within walking distance
  • Shopping mall
  • Walking distance to bus service

 

 

Reference No: HP2165 – s

This fantastic high rise apartment block is no doubt in a spectacular location being situated in the heart of Famagusta City Center with all amenities and lifestyles within walking distance. Bars, night clubs, coffee shops, super markets, the city mall and the famous EMU University surrounds this wonderful project. Two stunning sandy beaches lay either side of the city center within 5 minute drive offering both city and holiday lifestyles. The project has a whapping 20 stories with studio apartments left and a stunning top floor 3 bedroom apartment! More shops will also be built under the apartment block offering services right on your doorstep. With a September 2020 completion date it will not be long before life will start in these luxury apartments and customers purchasing for investment will be able to get their return income within just a few months. The location and surrounding amenities really puts the apartments up high on the rental market for both short term holiday lets and long term let for students.

Payment Plan: 

First payment reservation and solicitors:

£2000 deposit to take the property off the market + £1400 solicitor fees if you decide to use our recommended solicitor.

Second payment 30%:

30% - down payment minus your reservation fee + 0.5% stamp duty. This is required within 4 weeks maximum of paying your deposit

Third Payment 70%:

The remaining 70% is can be paid either in monthly or quarterly installments until handover. The payments for this will commence 1 month after your first 30% down payment is completed.

***ALL INTEREST FREE! ***

At handover:

A one off payment of £1300 will be required for the infrastructure.

All new properties are subject to 5% vat

And 1 year maintenance fee is required up front

Once your property is paid in full and you wish to take the deed in your name, you will be required to pay 3% of the property price.

Extra Cost: 

0.5% Stamp duty

3% for the transfer of the deeds

5% VAT

Solicitor Fee: £1400

Infrastructure: Approx £1300

Maintenance fee: Approximately £34 per month

Rental Potential:

Short term holiday lets high season Approximately through 25 weeks of the year at £300 per week

Out of season: Approx. £250 per week

Long term rental: Approx. £300 per month


BUYING FOR INVESTMENT?

Buying off plan with proven developers that always finish their projects prove time after time to be the best investments. In the main, on 5 star prestigious projects similar to this, we see at least a 40% increase in price at completion and hand over.

“The early bird always catches the worm”.


BUYING FOR PERMANENT RESIDENCE IN THE SUN?

Your friends will be jealous when you invite them round for a G and T on your balcony, prior to taking a brief stroll down to one of the best beaches the Island has to offer. You couldn’t wish for such a wonderful location to realise your dream and “move to the sun”.

BUYING TO LET?

Buying to let brings all the advantages of buying for investment, and more! Imagine your investment increasing by 40% before you even get the key!