£62,000 1 Bedroom Apartments On Cıty Center Complex / Central Kyrenıa

Ad Description

•ONLY 25% DOWN NOW
•MORTGAGE AVAILABLE AT HANDOVER
• 3 different sizes of 1 bedroom apartments available
•Completion June 2021
•Private balcony
•Gym, sauna, communal pool
•Children’s playground
•Luxury lifestyle•Individual parking spaces
•Shops on site
•Flexible payment plans
•City Centre location
•35 min drive from Ercan airport
•90 min drive from Larnaca airport
•15 minutes’ drive to closest beach
•15 minutes’ walk to Kyrenia harbor
•Bars and shops around you

This Luxury modern complex consist of 4 blocks, each with 5 floors and 4 different types of apartments available. The complex sits in the heart of Kyrenia City Center just minutes’ away from one of the most beautiful and famous harbours on the Island, Kyrenia Harbour. This location offers a mixture of lifestyles with the City’s bars, restaurants, supermarkets and clubs within walking distance but you also have the choice to relax at home by the pool, on the complex away from the hustle and bustle. The complex offers a communal pool, gym, spa and children’s playground making this a great place for family and private holidays. In such a spectacular location with great amenities on site as well as located in the area, this makes the project one of the best to invest in with a high demand for long term and short term rental within the area. If not for investment purposes what better way to treat yourself to living that luxury lifestyle.
Reference HP2482

Main Specifications:
•Located in Kyrenia City Centre
•Individual parking spaces
•Laminated parquet bedroom floors
•60×60 granite ceramic
•Laminated kitchen cabinet units
•Laminated bedroom units
•Intercom connection
•Battery powered elevator
•Aluminum balcony guards
•Gated community
•Central satellite system
•Central internet system
•Solar power and hot water system
•High class and high quality materials used
•Communal pool
•Children’s playground
•Family friendly
•Sauna
•Sports centre
•Mortgage available
•Great rental potential

*** EXCLUSIVE DISCOUNT OFFER! ***

For every £10,000 you pay on top of your second 25% payment, receive a £1000 back!

Or

We have been an EXCLUSIVE opportunity for our first 5 customers to pay 25% down now and NOTHING until completion 2021!!

Payment plan
£1400 solicitor fees (if you decide to purchase through our recommended solicitor)
25% – £2000 reservation fee + 0.5% stamp duty required 4 weeks later, maximum.
25% paid in installments until April 2021 – this can be paid in monthly in monthly installments or broken larger installments. Whichever you decide.
50% applied for as a mortgage at handover, at 8%

Potential rental
Short term holiday lets:
£250 per week high season May – October
£150 per week out of season November – April
(Please note this is the worst case scenario figures)
Long term:
£300 per month

Payment plan example: £62,000
First payment –
£2000 reservation + £1400 solicitor fees
= £2400 total

Second Payment-
25% of the property price = £15,500 – £2000 reservation = £13,500
+ 0.5% stamp duty = £310
= Total £13,810

Third Payment –
25% of the property price to be paid in installments = £15,500 this 25% is to be paid completely by April 2021. This can be paid either in monthly installments or quarterly instalments. The choice is yours.
For e.g. to be paid monthly = approximately £323.00 per month depending when you buy.
To be paid quarterly = approximately £2000

Fourth payment –
50% of the property price can either be paid for in
Cash or
Applied for as a 5 year mortgage at handover 2021 with an 8% interest rate. Approximately £6696 per year.

Rental Potential Example
With the potential rental approximately £250 per week through 20 weeks of the year = £5000 income
And rented long term out of season at £300 per month = £1,500
A total yearly income of £6500 MINIMUM,

These properties are not very far from paying for themselves!