• Individual Exchange deed
  •  75 m2 total
  • Only 31 properties overall with 5 floors
  • Choice of apartments with sea/mountain views
  • Completion Approximately October 2020
  • Parking
  • Flexible payment plans, Interest free
  • Close to all amenities
  • 300 meters from the famous sandy beach and Miami style walkway
  • Elevator

 

 

  • Bars and restaurants around the resort and many more along the coast (20 km stretch)
  • 7 minutes to Famagusta state hospital
  • 12 minutes from Famagusta city center
  • 500 meters to the closest super-market
  • 40 mins drive from Nicosa and its stunning historical center
  • 50 minute drive from Ercan airport
  • 90 minute drive from Larnaca airport

 

Reference No: HP2208-2

These two bedroom apartments are exactly what you need when looking for a peaceful home in a buzzing environment. With only 31 properties in this private residence and situated in one of the most popular coastal areas invites you to live the best of both worlds. Many new bars and restaurants lye along the beautiful Long Beach stretch great for day time and evening entertainment. A bonus in purchasing one of these modern apartments is they are in high demand for short term holiday lets and long term let. The apartment building contains high security including an intercom system and a 24/7 camera security system along with a private car parking garage specifically for home owners.


Project specifications:

  • First class workmanship
  • On an area of 900 square meters
  • Parking Garage
  • Boiler systems
  • Inverter air conditioning system
  • 7/24 camera security system
  • Fire detector
  • Elevator
  • Double glass pvc windows
  • Central satellite
  • Central internet
  • Intercom systems

General Payment Plan options:
1.30% of the property price as a down payment + £1400 solicitor fees if you decide to use our recommended solicitor + 0.5% stamp duty

2.40% of the property price required until handover in November 2020. This can be paid either in monthly instalments or stage payments, interest free. Instalments generally start within 1 month after your down payment has been completed and contracts have been signed.

3. The remaining 40% of the property value will be required within 1 year after handover. So from November 2020 you will have one year to complete the balance. This can either be paid in monthly instalments or in stage payments.

Payments will commence 1 month after you have completed the previous 40%


4.At handover all brand new properties are subject to 5% vat

3% for the transfer of the title deed will be required once you have paid for your property in full should you decide to take the deed into your name.

Please note: Payment plans are very flexible. If you have a certain amount you wish to put down and a monthly instalment budget, please let us know and we will come up with the best plan to suit your needs!

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: £1500 – one off payment
500tl deposit when transferring the electricity bills into your name
Maintenance fee £33 per month

Rental Potential:
Short term holiday lets high season (approx through 25 weeks of the year) Approx. £350 per week
Long term rental: £300 per month