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Fantastic investment opportunity, 3x 2 bed self-catering apartments and 2x 3-bed self-catering apartment complex for sale
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About this more than 12 - Detached |
Fantastic investment opportunity, 3x 2 bed self-catering apartments and 2x 3-bed self-catering apartment complex for sale on prime real estate in famagusta (trnc).
The property was formally a large house recently converted in to self catering complex, to cater for the high demand for student accommodation in famagusta from the local university ( .emu.edu.tr/) of which there are aprox 13000 students from around the world.
The property is within walking distance from the university, café bars ,restaurants and around 1km from the beach.
The property was built pre 1974,and has all relevant title deeds. It’s on a full plot of land so if the purchaser wished they could demolish the existing property and rebuild a 4-storey apartment block.
The current rental return from students paid 12months in advance when moving in is around 13k- 15k sterling per year.
Rental return from holidaymakers could be considerably more.
This would suit someone that wants to immigrate to Cyprus but still have an income from a low maintenance business.
Or simply a property investor that wants to capitalise on the current low house prices in the North of the island.
This is my father in laws property, please send me an email to express your interest or if you have any questions.
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| City/Town: |
famagusta |
| Address of Property: |
ak gul sokak salamis yolu |
| Postcode/Zip: |
mersin 10 [map] |
| Bedrooms: |
more than 12 |
| Reception Rooms: |
5 |
| Bathrooms: |
5 |
| Type of Property: |
Detached |
| Price: |
GBP 170000.00 [convert] |
Features |
| Central Heating: |
Electric |
| Burglar Alarm: |
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| Parking Facilities: |
On Street |
| Gardens: |
None |
| Double Glazed: |
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| Near Shops: |
Yes |
| Near School : |
Yes |
| Loft: |
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| Utility Room: |
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| Patio: |
Yes |
Extra Features |
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Area Information |
| Close to international university
Close to beach
close to Shops,bars, resturants |
Contact Information |
| Email Seller: |
Email Seller |
| Contact person: |
chris lilley |
| Advertiser Type : |
Private Seller |
| Phone: |
00447948386825 |
| Sellers City, County : |
cambridge Other United Kingdom |
| URL: |
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| Map: |
View property location |
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See other listings by this user (0) |
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Additional photos
taken from rear to give some perseption of size
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taken from front on the road
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front from a different angle
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| Loan |
Typical APR |
| Halifax Personal Loan (Semi-exclusive) |
8.6% |
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| Bank of Scotland Personal Loan (Semi-exclusive) |
8.6% |
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| Alliance & Leicester Personal Loan |
8.7% |
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