LUXURY APARTMENTS AVAILABLE ON A BRAND NEW CITY CENTER COMPLEX Kyrenia, Northern Cyprus 1 Bed Condo £62,000 | €69,046 | $84,188 Request a Currency Exchange Quote Here

This stunning City Center complex sits just 5 minutes from the famous Kyrenia harbor, with a pool and restaurant on site. The location and payment terms makes this project perfect for investment. FINANCE AVAILABLE! Read for discounts and exclusive deals

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Property Attributes

Amenities & Services

Fully Managed, Self Managed, Swimming Pool, Parking, Security, Concierge, Gym, Hospital, Kindergarten, Nightlife, Restaurants, Schools, Shops, Tourist Attractions, University, Management

Building Characteristics

High Rise, Freehold

Property Features

Balcony, Condo, Allocated Parking, Central Heating, Courtyard, Lobby, Off Street Parking, Reception
Property Description ID:38623571

STARTING FROM £130,000

  • ONLY 25% DOWN NOW
  • MORTGAGE AVAIALBLE AT HANDOVER
  • ONLY FEW AVAILABLE
  • 2 Bedroom 120 square meters
  • Completion June 2021
  • Private balcony
  • Flexible payment plan
  • Luxury lifestyle
  • Individual parking spaces
  • Shops on site
  • City Centre location
  • 35 minutes' drive from Ercan airport
  • 90 minutes' drive from Larnaca airport
  • 15 minutes' drive to closest beach
 

This Luxury modern complex consist of 4 blocks, each with 5 floors and 4 different types of apartments available. The complex sits in the heart of Kyrenia City Center just minutes' away from one of the most beautiful and famous harbors on the Island, Kyrenia Harbor. This location offers a mixture of lifestyles with the City's bars, restaurants, supermarkets and clubs within walking distance but you also have the choice to relax at home by the pool, on the complex away from the hustle and bustle. The complex offers a communal pool, gym, spa and children's playground making this a great place for family and private holidays. In such a spectacular location with great amenities on site as well as located in the area, this makes the project one of the best to invest in with a high demand for long term and short term rental within the area. If not for investment purposes what better way to treat yourself to living that luxury lifestyle.

Reference No: HP2484

For every £10,000 you pay on top of your second 25% payment, receive a £1000 back!

Or

We have been an EXCLUSIVE opportunity for our first 5 customers to pay 25% down now and NOTHING until completion 2021!!

 

Payment plan

£1400 solicitor fees (if you decide to purchase through our recommended solicitor)

25% - £2000 reservation fee + 0.5% stamp duty required 4 weeks later, maximum.

25% paid in instalments until April 2021 – this can be paid in monthly in monthly instalments or broken larger installments. Whichever you decide.

50% applied for as a mortgage at handover, at 8%

 

Potential rental

Short term holiday lets:

£250 per week high season May - October

£150 per week out of season November - April

(Please note this is the worst case scenario figures)

 

Long term:

£300 per month

 

Payment plan example: £62,000

First payment –

£2000 reservation + £1400 solicitor fees

= £2400 total

 

Second Payment-

25% of the property price = £15,500 - £2000 reservation = £13,500

+ 0.5% stamp duty = £310

= Total £13,810

 

Third Payment –

25% of the property price to be paid in instalments = £15,500 this 25% is to be paid completely by April 2021. This can be paid either in monthly instalments or quarterly instalments. The choice is yours.

For e.g. to be paid monthly = approximately £323.00 per month depending when you buy.

To be paid quarterly = approximately £2000

 

Fourth payment –

50% of the property price can either be paid for in

cash or

Applied for as a 5 year mortgage at handover 2021 with a 8% interest rate. Approximately £6696 per year.

 

Rental Potential Example

With the potential rental approximately £250 per week through 20 weeks of the year = £5000 income

And rented long term out of season at £300 per month = £1,500

A total yearly income of £6500 MINIMUM

 

The Region

Kyrenia harbor houses fishing boats, yachts, restaurants, gift and souvenir shops as well as cafe bars with tables along the sparkling sea. Kyrenia harbor is a great place for a drink and a meal, do not forget to try Turkish coffee. The coastline of Kyrenia is dotted with numerous beaches which are great to enjoy a day out in the sun. To the South of Kyrenia the beaches include Caravanserai Beach which is a nice sandy beach, Deniz Kizi and Golden Bay beach where they offer water sports, Escape Beach Club with a lot of water sports and good food, Camelot Beach and Sunset Beach Club with a deck, all the beaches are clean and good for snorkeling. Kyrenia is a great place for a beach holiday and houses more than 150 hotels from budget to luxury to choose from, so it is never a hassle to book a hotel in the Kyrenia area. This harbor town also offers numerous restaurants from fine dining to a quick snack.

 

Travel Times to Amenities

•Local bars, restaurants and supermarkets: on your doorstep

•Ercan airport: 35 minute drive

•Kyrenia General Hospital: 15 minute walk

•Kyrenia Harbor: 10 minute walk

•Lefkosa town: 25 minute drive

•Necat British School: 15 minute drive

•Girne American University: 10 minute drive

•Korineum Golf and Beach Resort: 25 minute drive

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Important Property Information

Available Units

1 Bed Condo
  • GBP Price: £62,000
  • EUR Price: €69,046
  • USD Price: $84,188
  • YTL Price: YTL62,000
Mortgage Information
Investment Facts

Category : Residential Buy to Let

Cash requirement : £62,000

Reservation Fee: 2000.00 GBP

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Growth Drivers : Development

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