Studio For Sale in North Cyprus
We are glad to present the following Property:
Country = North Cyprus
Address = Bogaz, Iskele, Long Beach
This Project is a collaboration between FOUR major construction companies in Northern Cyprus.
The Residential Complex is built SEA FRONT, on 102,000 square meters of land, of which 65,000 square meters of green area consists of 420 properties varying from 36 m² to 200 m² with flexible prices (392 residential units and 28 business premises) and 260 m long pure sand coastline.
Year of Construction = 2020 – First Stage of Three (completion in February 2020, Handover in May 2020)
Rooms = 1
Bedrooms = 1
Baths = 1
Balconies/Terraces = 1 (2,00 sqm)
Usable Area = 27,65 sqm
Total Area = 29,65 sqm
View = Seaview
Distance to Beach = 50 meters
Finishings = All finishings will be done by the Developer, and optional will be the Air Conditioning System and also the Furniture and White Good, offered by our company
Price = 56.700 Euro (+5% VAT) (£ 49.900)
Potential income = 300 Euro (per week)
YIELD = 15% (calculated only for 25 weeks of renting)
Payment informations:
- 30% Down Payment = 17.000 Euro (+stamp duty 0,5%)
- 40% + VAT, 3 Months before Handover, then
- 30% within 24 Months after Handover (without interest rate) = 710 Euro / month
Parking = FREE
Air Conditioning = 675 Euro
Extra Costs:
- 3% for the Transfer of the Deeds
- Solicitor Fee – Lawyer = 1.600 Euro
- Utilities Connection Fees = may apply
- Maintenance Fee = 120 Euro / month
* images may have a presentation title and do not imply any obligation on the part of the real estate agency
