BRAND NEW RESIDENTIAL CITY CENTER APARTMENTS, CLOSE TO BEACHES Famagusta, Famagusta, Northern Cyprus 2 Bed Flat £86,000 | €95,774 | $116,777 Request a Currency Exchange Quote Here


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Property Attributes

Amenities & Services

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


Unfurnished, Smoke Alarm, Intercom, Security System

Property Features

Balcony, Terrace, Dining Room, Double Glazing, Electric Heating, Fitted Bathroom, Fitted Kitchen, Insulation, Internet Access, Lift, Lobby, Off Street Parking, On Street Parking, Solar Panels, Underground Parking, Water Tank, Reception, Bathroom, Kitchen, Modern Building

Building Characteristics

Freehold, Newly Built
Property Description ID:41597438
  • Individual Exchange deed
  • Interest free payment plan option
  • Standard 2 beds approx. 80 - 90m2 gross
  • Standard Studio, 1 & 2 bedroom options av.
  • Luxury 1,2 & 3 bedroom options with large 25-50m2 terrace & potential sea views also available
  • Two blocks; Block 1 13 stories, block 2 14 stories
  • Completion Approx. July 2023
  • Children’s playground
  • Café restaurant
  • Shops located on the ground floor
  • Access to/ External Pool, Internal heated Pool, Fitness center, Spa & Sauna from the developers other project next door
  • Extremely low maintenance fees


  • Choice of two sandy beaches within 7 minutes’ drive!
  • All amenities on your doorstep and more!
  • 10 minute walk to the City Mall
  • 7 mins walk to Eastern Mediterranean University
  • 3 mins walk to City Island University
  • 5 mins walk to Cyprus West University
  • Bus services available to other cities
  • 30 mins drive to Ercan Airport
  • 35 mins drive to Nicosia
  • 55 mins drive to Larnaka Airport


This project is a newly released development that will be completed on time with title deeds within the thriving City Center of Famagusta. Modern style and quality of life has definitely been a key factor when developing these fab homes with two carefully structured buildings mirroring one another creating a beautiful and unique look to the exterior as a whole. The residence offers a great quality of life at a lower cost of living with a handful of solar panels located on the roof keeping maintenance fees at an all-time low at just £33 per month maximum! Added features includes a reception area with 24 hour security surveillance, commercial premises located on the ground floor catering specifically to the new homes, plus indoor and outdoor parking advantages. As if this wasn’t enough, unlike the majority of residential City Centre resorts, this project will offer its residents access to both an indoor and outdoor pool, spa, sauna and a gym that is located in the developers previous completed development next door.


Choose between studio, 1 & 2 bedroom options with approx. 5-10m2 terrace – Limited availability!


These properties will no doubt be a perfect investment option for both buying to let and permanent residence. Please see our investments sections below for potential ROIs.




Apartment specs:

  • Earthquake Resistant High Technology
  • Modern style and quality finishing
  • 30% Water savings taps
  • Fire detectors & alarms
  • Plasterboard and spot led lighting
  • Double glassing PVC Aluminum
  • Central Satellite
  • S-heating and energy saver in each apartment
  • Bathroom and WC underfloor heating System
  • Built-in shower set


Site specs:

  • Access to/ External Pool, Internal heated Pool, Fitness center, Spa & Sauna
  • Children Playground
  • Reception and Information desk
  • Security 24/7
  • Café & Restaurant
  • Beauty Center
  • Many more commercial shops
  • Fastest Internet System (Fiber)
  • Central Generator for all apartments and facilities
  • Escalator
  • 4 Elevators
  • 160 open and closed car parking lots
  • Bicycle parking corner
  • Electric Cars Charging Station
  • Video door Intercom System



General Payment Plan options:

  • £2500 reservation fee
  • 30% down payment minus your reservation fee within 4 weeks maximum from paying the deposit
  • 40% in monthly instalments until delivery (30.07.2023)
  • 30 % in 24 monthly instalments after delivery (until approx. 30.06.2025)

                                             COMPLETELY INTEREST FREE!


Extra Cost:

0.5% Stamp duty

3% for the transfer of the deeds

5% VAT

Solicitor Fee: £1400

Infrastructure: £2500

Maintenance fee: £33 p/m

Approx £200 for water and electricity connection


Buying solely for investment purposes?:


Buy to let:

Short term holiday lets high season (approx through 25 weeks of the year) Approx. £350 per week

Long term rental: £350 per month


Buy to sell:

As many of our investors already know, buying on a brand new off plan project at the very beginning can have great advantages as the starting prices are always offered at an extremely lower rate. During the construction period, the value of the individual homes continues to increase offering a good return on investment by completion should they decide to sell. Many similar projects in the area have seen at least a 20% - if not more – price increase by their completion date!


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Important Property Information

Available Units

2 Bed Flat
  • GBP Price: £86,000
  • EUR Price: €95,774
  • USD Price: $116,777
  • YTL Price: YTL86,000

Key Selling Points

  • close so sandy beaches
  • city centre location
  • limited availability
  • interest free payment plan options
  • buy to let investment or buy to sell investment
  • mdoern style and high quality
  • acess to pool- spa and gym- on site children's playground
  • Energy saving - lower living costs
Mortgage Information
Investment Facts

Category : Residential Buy to Let

Cash requirement : £70,000

Discount: 5% to Market Value

cash payments

Reservation Fee: 2500.00 GBP

Take the property off the market

Payment Structure : 30.00 % Depsoit

40% and 30% after handover

Completion Date:

under construction

Furniture : Unfurnished

approx £4500

Income Yield: 6.00% Gross Yield Estimated

Returns Start In...: September 2023

estimated to give time for handover

Growth Drivers : Tourist

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