For Sale

PERFECT INVESTMENT OPPORTUNITY! – WHOLE BLOCK, 15 APARTMENTS FOR SALE / FAMAGUSTA NORTHERN CYPRUS PRICE £850.000

HP2270

Property ID

2

Bedrooms

1

Bathroom

€936,000

Description

  • Exchange title deed
  • x14 = 2+1 apartments
  • x1 = 3+1 apartment
  • 4 floors 15 apartments
  • 2 bed apartments apx 65 m
  • All apartments fully furnished
  • All apartments have a balcony
  • Ready to rent
  • Perfect investment
  • 5 minute walk to Eastern Mediterranean University
  • Walking distance to all amenities

 

This apartment block is located in Famagusta, not far from the university.  The apartment blocks consists of 14 apartments of 2+1 bedrooms, and one 3+1.  All apartments have an open plan kitchen and living room, a separate bathroom and two bedrooms. This really is the best investment opportunity going at the moment as the apartments are not far from the university where all the students are looking for a place to live. It practically guarantees itself to be rented out all year every year. Early interest is highly advised

 

Resale & Rental Potential.

 

At the moment the 2+1 apartments are renting out for £2000 GBP per year and the 3+1 for £3000 GBP per year. This brings it to a total of £31.000 GBP per year.

 

Local Amenities and Attractions, Travelling Times.

  • Nearest large supermarket – 1 minute walk
  • Chemist & Clinic – 5 minute drive
  • Iskele – 15 minutes
  • Beach area – 5 minutes’ drive
  • Salamis Ruins and St Barnabas abbey – 10 minutes
  • Famagusta city – 0 minutes
  • Karpaz gate marina – 75 minutes
  • Karpaz peninsular – 1 hr 20mins hour drive
  • Ercan airport – 40 minutes
  • Larnaca airport – 1 hr drive

 

The Region

 

Famagusta region of Northern Cyprus has so much to offer. From the fascinating old walled city with its numerous shops, restaurants and bars then driving north past the ruins of ancient Salamis passing miles of sandy beaches coming to the picturesque fishing harbor at Bogaz and then onwards to the magnificent Karpaz peninsula where some exciting developments are taking place firstly at Bafra with 10 new themed hotels planned for construction and then on to the Karpaz Gate Marina. All this and some of the most beautiful beaches in the world, yes, Famagusta seems to offer everything.

 

Famagusta is one of the most important, greatly fortified ports on the shores of the Mediterranean. To the north of Famagusta lie the fabulous ruins of Salamis. This one great city is believed to have been founded in the 11th century BC and after the influences of the many conquering nations, notably the Romans, the city was finally abandoned in 648 AD following the combined catastrophes of earthquake and raids by Arab pirates, when the population moved to Famagusta.

 

 

The spectacular ruins give a fascinating insight into long-lost civilizations and include a magnificent amphitheater, Roman baths, a gymnasium and royal tombs. The mosaics are particularly beautiful. Ravaged by war and earthquakes, the old walled town is now only partially inhabited, but it contains some of the finest examples of medieval military architecture extant and the 14th-century Gothic-style Cathedra now a mosque.

 

Restored and pedestrianized since 1996, the old town of Gazimagusa is a veritable outdoor museum and a real delight to explore, soak up the sunshine and people-watch in quaint cafes. Just minutes away also lays the thriving new town which is becoming increasingly popular with locals and visitors alike as a fun-packed holiday destination. It’s an excellent hub for eating-out, shopping and recreation. Nowadays the city comes alive at night with trendy cafes, bars and restaurants offering international cuisine as well as the traditional Cypriot food. Clubs and restaurants have traditional music as well as performers traveling from further afield to satisfy the tastes of all age groups The eastern coastal area of Gazimagusa Bay is one long, very fine beach with excellent facilities and clean, safe bathing and snorkelling. This harbour town is a fantastic destination for summer holidays or permanent living.

Address

  • Country: Northern Cyprus
  • Province / State: Famagusta
  • City / Town: Famagusta
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PERFECT INVESTMENT OPPORTUNITY! – WHOLE BLOCK, 15 APARTMENTS FOR SALE / FAMAGUSTA NORTHERN CYPRUS PRICE £850.000

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