Global Property Guide

Financial Information for the Residential Property Buyer

Flat

Full Description

  • Individual Exchange deed
  • Different sizes available between 50,55 and 65 square meters
  • Only 59 properties overall, each block with 5 floors
  • Choice of apartments with sea/mountain views
  • Communal pool with children’s pool
  • Completion Approximately May 2022
  • Green landscaped areas
  • Great for investment,
  • Flexible payment plans
  • Close to all amenities
  • 350 meters from the famous golden Long Beach stretch
  • 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: HP2205-1

 

This stylish new residential resort is situated in one of the most saughted areas of Northern Cyprus, the popular coast of Long Beach. Famous for its beautiful golden sandy beach, new bars and restaurants gives any project here a high demand for new home owners and tourists. The complex offers a private and upper class home feel with top of the range facilities and only few apartments overall. The location and flexible payment terms offers anyone who purchases here a fantastic investment opportunity for short term/ long term rental. Also those of you who are genuine property investors know the perks of getting in at the very beginning of a new build. As proved on many other projects the return can range between a whopping 40 - 75% return as the value of the property continues to increase during construction.

 

On site amenities include:

  • Communal swimming pool
  • Children’s park
  • Roof garden
  • Barbeque area
  • Bar and cafe
  • Sea and mountain range

 

Project specifications:

  • 1700 square meters total area
  • Parking Garage
  • Reception
  • Boiler systems
  • Inverter air conditioning system
  • 7/24 camera security system
  • Fire detector
  • Two elevators
  • Double glass pvc windows
  • Central satellite
  • Central internet
  • Intercom system

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

 

  1. 40% of the property price required either in monthly instalments or stage payments until handover 2022

Instalments will generally commence 1 - 2 months after your down payment has been completed

 

  1. 30% paid in instalments or stage payments until handover in May 2022

               Generally an infrastructure fee is required of approximately £1500 during completion for the infrastructure of the electricity and water connections

 

  1. At handover the remaining 40% can be paid either in monthly or stage payments within 3 years interest free

All properties are subject to 5% vat at handover and 3% for the transfer of the title deed should you decide to take the deed into your name.

A one year maintenance fee upfront.

 

Please note: Payment plans are very flexible. If you have a budget on the down payment and monthly instalments, please just 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

Maintenance fee: Approximately £45 - £55 per month

500tl deposit when transferring the electricity bills into your name

Maintenance fee £40 per month

 

Rental Potential:

Short term holiday lets high season (approx through 25 weeks of the year) Approx. £300 per week

Long term rental: £250 per month

 

The Long Beach Area: Your Closest Beach

Over the course of the last two years the Long Beach area as undergone a dramatic transformation. The development of the area around this wonderful sandy beach includes, outside gym, children’s play area a grassy picnic and leisure area all set along several kilometers of beach front promenade and cycle way. On the beach sits a wonderful petite café and an open air amphitheater. With many new bars, restaurants, shops and hotels; including the first 7* hotel in the country to be completed within the next couple of years makes this area the perfect place to purchase area for investment.

Important Attractions: Sights & Sounds

  • The regional such as the Iskele International Folk Dance Festival, held annually in June.
  • The best folk dance group title; and also the Iskele Festival which is held yearly in June/July time, and which hosts competitions, displays and plenty of outdoor cooking!
  • The Karpaz peninsula: A stretch of beautiful land filled with the most stunning beaches in North Cyprus as well as home to some of the islands traditional donkeys.
  • Karpaz Gate Marina with berthing for 350 yachts and all the facilities that the yachting fraternity requires.
  • The local weekly market selling fresh local produce and household items.
  • Bogaz: a small traditional fishing village with a picturesque tiny
  • Famagusta: a fascinating medieval walled city with oodles of charm and lots to explore including the Cathedral of St Nicolas, numerous houses, St. George of the Greeks church with its frescoes and the remains of the fortified citadel
  • The ancient walled city of Famagusta is much as it was over five hundred years
  • The Ruins of Salamis
  • The 750 bed Kaya Artemis hotel and Noah’s Ark Hotel, both are impressive and only 15 minutes from the Bogaz area.
  • The Monastery of Saint Barnabas

 

Local Amenities & Attractions: Travelling Times

350 meters from the famous golden Long Beach stretch

Nearest Supermarket and chemist - 5 minute drive

Closest hospital – 7 minutes’ drive

Iskele Town centre – 5 minutes’ drive
Sandy beach – 350 meters
Salamis Ruins And St Barnabas Abbey – 10 minutes’ drive
Famagusta City – 15 minutes’ drive
Karpaz Gate Marina – 40 minutes’ drive
Karpaz Peninsular – 50 minutes’ drive
Ercan Airport – 50 minutes’ drive
Larnaca Airport – 90 minutes’ 

Key Information

Property ID: 40815050
Location: Cyprus, Famagusta, Yeni Iskele Mediumwave Transmitter
Categories:
  • Apartment
  • Flat
Bedrooms: 1
Bathrooms: 1
Price:
  • £48,000
  • €52,610
  • $58,910
Short Description:

BRAND NEW APARTMENTS ON A GOLD STAR PROJECT – LONG BEACH