• Wide Shot from the Air
  • Interior with Ocean View
  • View of Towers from Ground
  • Master Bed Room

The Hottest Investment in Northern Cyprus

Here's Why:

  • Studios Sold Out
  • 1 bed from £84,900
  • 2 bed from £101,900
  • 3 bed duplex from £136,900
  • 3 bed from £128,900

£2,000 reservation + £1,400 solicitors fees
2 weeks later 25% less the reservation fee

NOTHING More Until December 2019 at completion
Then, 2 years rental guarantee at 7.5% or 8% discount
It is important to note that these prices are changing (up) almost weekly as units sell out.

EXAMPLE

2 BEDS Start at £101,900
*£101,900 x 8%  = £93,748   x 25% down payment (£23,437) = £70,311 on mortgage.
 
15 year mortgage if approved                         = £7,582.22  every year (£631.98month)
10 year mortgage if not approved                 = £12,105.12  every year (£1008.76 per month)
 
**Every year:-
Projected rental           MINIMUM £600 per week x 25 weeks = £15,000
 
With the 15 year mortgage you will cover your mortgage and potentially gross £7,417.78
 
With the 10 year mortgage you will cover your mortgage and potentially gross £2,894.88


*If buying to let, we recommend you use Busy Bees for this service. If you do this and do not take the guaranteed rental, you receive an 8% discount.
 
**Currently in the same area, 2 bedroom apartments are yielding £500 per week on short term holiday lets.

Mortgages cannot be applied for until completion at December 2019.

Electric and water connection £2,000 per apartment. Mortgage arrangement fee of 2% of the property price. 

At the end of the 15 year mortgage, there is 5% vat to pay, as with all new property, and 3% transfer of title deed into your name.

Progress July,2018

Questions? Were here to help:

009 0533 889 72 70

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Learn More…

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How will this pay for itself?

Nearby short-term rentals are currently receiving up to £500 per week for a two bedroom. We have forecast that you can do your own short term holiday lets at a very low estimate of £600 per week in 2019 in this new 5 star complex. In our opinion you can achieve 25 weeks booked per year. 25 x £600 = £15,000 per year, giving you six months use and again, your mortgage being paid for and around 8,000 per year profit!  So in theory, this 2 bed apartment could actually only be costing the initial 25% and solicitors, stamp duty and costs! Even if you only rented for 13 weeks a year, again this rental money is paying for the apartment! This applies the same on all versions of bedroom types! This is a real true amazing investment opportunity.

Basically, rent the unit for 25 weeks @ £600 (minimum) per week = £15,000
Your mortgage for the year is
£7,582.22

This apartment could pay for itself after the initial 25% and pay you profit! This really isn't rocket science.

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Busy Bees have set-up up a rentals department in readiness for the completion of this property and our projected rental yield would be a lot higher.


Click the red buttons below to view pricing for various unit types.

Studio Pricing — ALL STUDIOS ARE SOLD OUT

1st Floor

3rd Floor

4th Floor

6th Floor

7th Floor

9th Floor

11th Floor

12th Floor

£41,900

£41,900

£41,900

£41,900

£41,900

£44,900

£47,900

£47,900


Questions? Were here to help:

(009) 0533 876 9166

HP1525 with pool area