AMAZING 3 BEDROOM LUXURY VILLAS IN OTUKEN (OFF PLAN), Famagusta, Northern Cyprus

Enjoy a relaxing living experience thanks to this brand new upmarket and private residence that is set in the prime location of the Otuken offering only 8 exclusive villas.

Standing out from the property crowd are these premium 3-bedroom villas which were no doubt specifically designed for style and comfort due to the unique features offered in their design. These include the master bed containing its very own private en suite, built-in wardrobes in all the bedrooms, a driveway, and a basement that can hold up to two cars. There is also a generously sized roof terrace big enough to hold an outdoor BBQ, a Jacuzzi, and luxury furniture.  Over the years purchasing off-plan properties under construction has become the more desirable option for new homeowners thanks to the additional features clients can choose to add during the construction period therefore making each home an individual character.  REF CH007

The Property

External:

• Gross Area: 455 m2
• Net Area: 435 m2
• Closed Area: 335 m2
• Balcony: 55 m2
• Upper Terrace: 105 m2
• Basement: 110 m2

Note: 3000 stg of extra payment (Trafo) in order to connect water and electricity

Interest free Payment plan option:

%70 down Payment

%30 until Key Handover (Approx. April 2024)

Investment potential:

Buy to let:

Short term- Approx 20 weeks of the year £700 - £850 per week

Long term – Approx  £800 - £1000 per month

Buy to sell:

As many investors are aware, when purchasing off plan, the value of the property increases throughout the time of construction. Here in this particular area, based on similar and previous developments, we have seen at least a 30% increase in value by completion. This all depends according to the time of purchase, the earlier you invest, the better the return.

Local Amenities & Attractions: Travelling Times

• Choice of three sandy beaches within 5 -10 minute drive maximum
• Bars and restaurants along the coast 10 minutes’ drive
• 5 km from Famagusta State Hospital
• 2 minutes to the Super Market
• 10 minutes’ drive to the beautiful Salamis ruins
• 10 minutes’ drive to Famagusta City Centre and its wonderful historical features.
• 50 minutes’ drive from Ercan Airport
• 90 minutes’ drive from Larnaca Airport 
• 50 mins drive from Nicosia

The Region:

The ancient city of Salamis became the capital of Cyprus as far back as 1100 BC. The city shared the destiny of the rest of the island during the successive occupations by the various dominant powers of the Near East, viz. the Assyrians, Egyptians, Persians, and Romans. The ancient site covers an area of one square mile extending along the sea shore. There is still a large area awaiting excavation and this is forested with mimosa, pine and eucalyptus trees. The amphitheatre at Salamis orignally held over 15,000 people. Modern concerts are still held there today. Next to the ruins of Salamis, Silver Beach is an ideal spot to combine a bit of culture and some serious sun-worshipping.