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Jun-19-2008 08:59
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| TOP (481) :Europe (280) : North Cyprus (10)
Investment Opportunity in Mixed Use Development North Cyprus (off plan)
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| Property Group | Commercial | | Property Type | Other | | Price | GBP 64,900
For Sale |
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| Location | Bogaz Famagusta | | Nearest City | Bogaz Famagusta |
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| |  | For further details contact
Listing Agent
Worldwide Network, NY
United States
Phone: 1-518-392-7062
Fax: 1-877-875-5704 |
Listing has been viewed 1323 times |
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REF: Horabin-1
We are able to offer a rare opportunity to buy a complete commercial, (freehold) portfolio in Bogaz, Famagusta (significantly below market value) which contains the following: 16 commerical units, 2 grand commercial unit's, 8 top floor apartments, and 21 luxury villas. Rental guarantee provided for three years.
This is an exciting investment opportunity in most popular East Coast of Cyprus island. Situated between Famagusta and picturesque fishing village of Bogaz and being surrounded by the most beautiful beaches and hotels. The project creates outstanding rental opportunities and is located 10 minutes drive from Eastern Mediterranean University which houses up to 15,000 students and over 400 teaching personnel and is also located 20 minutes from the area of Bafra with plans underway to create 23 Hotels reaching up to a 20,000 bed capacity, represents excellent potential value capital growth Ercan airport only a 30 minute drive away and 45 minutes drive to Larnaca International Airport. The Developer is able to offer a rare opportunity to buy a complete commercial, (freehold). portfolio in Bogaz, Famagusta (significantly below market value) which contains the following: 16 commerical units, 2 grand commercial unit's, 8 top floor apartments, and 21 luxury villas. Rental guarantee provided for three years.
MIMOZA OUTLET VILLAGE
This exclusive project is located directly opposite the outstanding five star Salamis Bay Hotel and is conveniently placed for the tourism arena. Additionally the project is perfectly placed to the ancient site of the "Salamis amphitheatre"
SHOP UNITS AS BELOW. (Please note 80m2 ground floor, 40m2 first floor)
A1 large shop unit 120m2 Duplex
A2 large shop unit 120m2 Duplex (Please note 40m2 ground floor, 20m2 first floor)
B1 Shop unit 60 m2 Duplex
B2 Shop unit 60 m2 Duplex
B3 Shop unit 60 m2 Duplex
B4 Shop unit 60 m2 Duplex
B5 Shop unit 60 m2 Duplex
B6 Shop unit 60 m2 Duplex
B7 Shop unit 60 m2 Duplex
B8 Shop unit 60 m2 Duplex
B9 Shop unit 60 m2 Duplex
B10 Shop unit 60 m2 Duplex
B11 Shop unit 60 m2 Duplex
B12 Shop unit 60 m2 Duplex
B13 Shop unit 60 m2 Duplex
B14 Shop unit 60 m2 Duplex
B15 Shop unit 60 m2 Duplex
B16 Shop unit 60 m2 Duplex
(Please note the 8 apartments are located above all the shops.)
C1 2xbed apartment 80 m2
C2 2xbed apartment 80 m2
C3 2xbed apartment 80 m2
C4 2xbed apartment 80 m2
C5 2xbed apartment 80 m2
C6 2xbed apartment 80 m2
C7 2xbed apartment 80 m2
C8 2xbed apartment 80 m2
KEYFACTS
The project creates outstanding rental opportunities and is located 10 minutes drive from Eastern Mediterranean University which houses up to 15,000 students and over 400 teaching personnel. Mimoza Outlet Village is located 20 minutes from the area of Bafra with plans underway to create 23 Hotels reaching up to a 20,000 bed capacity, with discussions underway regarding a proposed golf course. The project is also one minutes drive to Bogaz marina and is located one hour's drive to the second most beautiful beach in the world.
NORTH CYPRUS
North Cyprus The North of the island is truly unspoilt, and uncommercialised with people renowned for their hospitality and their warm, friendly welcome. With its delicious local cuisine, its natural untainted beauty and its resorts free from crowds, this is a unique holiday destination. Located in the Mediterranean, just 40 miles off the Southern Coast of Turkey the islands strategic position has meant that Cyprus was the stepping stone between East and West, the historical cross roads of the ancient world.
DEVELOPMENT
The area of Bogaz is suited to a wide variety of buyers. Located next to natural preserved protected forest landscaped area. Investment opportunity allowing the opportunity to resell at any time, commanding excellent rental returns and a potential capital growth of 40- 60% within the next three years. This freehold development is bounderied with natural stone walling, extensive landscaping, boasts large car parking facilities and offers a five year structural guarantee. 30 minute drive from Ercan Airport and 45 minutes to the Larnaca International Airport. Only 5 minutes walk from the sandy beaches of Bogaz, and a short drive from the magnificent beaches of the unspoilt Karpaz - boasting the best beaches in the Mediterranean!
PRICES:
Commercial Units x 16
£64,900.00 (completion in 12 months)
£25,900.00 Deposit approx 40%
£1,000.00 (pcm) x 39 months
Rent Guarantee = £400.00 per calendar month paid up to three years.
Large Commercial Units x 2
£110,000.00 (completion in 12 months)
Deposit £44,000.00 (40%)
£1,500.00 per calendar month for 39 months
Final completion payment of £7,500.00
Rental guarantee of £800.00 per calendar month up to three years.
8 Apartments located above the units
£60,500.00 (completion in 12 months)
£21,500.00 (just over 35%) deposit payable on the date of signing the contract
£1,000.00 per calendar month paid for 39 months
£300.00 rental guarantee paid for three years.
21 luxury Villas
£132,000.00 (completion in 24 months)
£39,600.00 (30%) payable on the date of signing the contract
£2,000.00 per calendar month x 39 months
£14,400.00 payable upon completion
£400.00 rental guarantee paid for three years.
LOCALITY
Karpas peninsula (or the panhandle) is the easternmost part of the island of Cyprus, where the land tapers into a thin strip which stretches out towards Turkey. The area is rich in subterranean water reservoirs and thus crops such as tobacco are grown in abundance. Another main source of income in the region is fishing. Bogaz is a beautiful coastal village on the southern edge of the Karpas peninsula, with fish tavernas arranged around its harbour. Karpas peninsula (or the panhandle) is the easternmost part of the island of Cyprus and Golden Beach is proud to be described as the second most beautiful beach in the world! One full day spent in Famagusta will reveal the history of Cyprus in a nutshell. Much of Cyprus is an outdoor museum, the history of the town is obscure as there are no written records and our only source of material is from travellers' accounts of merchants passing through. Some historians declare that it was founded by King Ptolemy Philadelphus of Egypt in 285 B.C. It is believed that the city occupies the site of ancient town of Arsinoe. Famagusta prospered through the destruction of the neighbouring Salamis, the former capital of the island. The development is close to a three and a five star Hotel, fishing village of Bogaz with its Marina, abundance of restaurants, fish tavern's, bars, and with Ercan Airport only 30 minutes drive and Larnaca International is 45 minutes away is conveniently placed to satisfy all investment buyers.
MAIN POINTS:
Freehold Ownership
Investment Opportunity
Extensive Portfolio
Below Market Value
3 Year Rental Guarantee
Prime Location
Commerical Investment
Excellent Payment Plans
Ocupancy begins: September 2007
Email for complete information package. |
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