• Individual title deeds for each apartment available
  • Girne City Center Location
  • 5 floors 15 units total, 9 available
  • Six, 1 bedroom apartments, Three 2 bed apartments
  • Two commercial units below the building
  • Potential rental Approx. £110,000 per annum
  • Private car parking 
  • Construction completed July 2021 
  • Great for investment
  • Infrastructure systems in place for electricity and water 
  • Kyrenia harbor within 15 – 20 minute walking distance
  • Nightlife and light entertainment all around
  • Supermarkets, department stores, banks, and much more within walking distance
  • Transportation
  • Close to universities and schools
  • 40 minutes’ drive from Ercan Airport
  • 90 minutes’ drive from Larnaca Aırport  
  • 40 minutes’’ drive from Nicosia                              

Reference No: HP2615

 “INVESTMENT OPPORTUNITY” A fantastic investment opportunity has presented itself based in the heart of Kyrenia City Center and close to its famous harbor. A total of 11 fabulous units are available in a brand new residential building. Looking for a great buy to let? These units really should be at the top of any serious investors’ priority list. Built over 5 floors, holding a total of 15 apartments of which only 6 have been sold leaving three 2 bedroom properties, 6 1 bedroom properties, and two ground floor commercial units available. Renting these out will be an easy task for us or any rental Company for both long-term and short-term holiday rental income. 1 bedrooms currently in this region are rented out on an average of at least £350 per month while 2 bedrooms are at least £500 per month. Including the two special commercial units directly below the building at £800 p/m gives a minimum potential of at least £62,400 ROI per annum. Alternatively to achieve a much higher return these apartments could potentially be rented for short-term holiday let purposes with the potential ROI of £110,000 per annum including the commercial units long term let. Early consideration for such a great offer is highly recommended. 

Project Technical Features:

  • Automatic Central Generator System
  • Multi-İnverter Air Conditioning System
  • CCTV Security Camera System
  • IP İntercom System
  • Fire Alarm System
  • Central TV/Satellite System
  • Central İnternet/Data System
  • Elevator
  • Built-In Reinforced Water Tank
  • Private car parking spaces

Gross Areas:

  • Commercial Shop= 127m2
  • 1+1 (Type-A) Flat= 64m2
  • 1+1 (Type-B) Flat= 89m2
  • 2+1 Flat= 89m2

Potential ROI

Long term:

  • Per commercial unit £800 p/m
  • Per 1 bedroom apartment £350 p/m
  • Per 2 bedroom apartment £500 p/m

Short-term holiday lets approx. 25 weeks out of the year:

  • Per 1 bedroom apart: £350 per week
  • Per 2 bedroom apartment £500 per week

Extra Costs: 

  • 0.5% Stamp duty
  • 3% for the transfer of title deed if you decide to take the title into your name
  • 5% VAT
  • Solicitor fees
  • If you wish to set up a company for as a non-citizen please contact us directly
  • Furniture packages are available from our sister company approx. £5000 to completely furnish a 1 bedroom property and approximately £7,000 to completely furnish a 2 bedroom property. The furniture packages include absolutely everything you need for your apartment to be ready to move into, down to knives and forks. Prices may vary slightly due to exchange rates.