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Property for sale information

 
Kyrenia Apartments  
Reference nr: LH257628
Description:

Excellent Investment Opportunity!!!

Guaranteed 10% per annum Return On Your Investment

Due to the success of Kyrenia Apartments this is the last opportunity to purchase a newly released 1st floor 2 bed apartment with pool side terrace.

Prices start from just £48,950 but for a limited time only!!!



Located in the main coastal town of Kyrenia, Kyrenia Apartments is a superior development, designed to provide a life of luxury for its fortunate inhabitants.

The complex comprises two buildings with swimming pool and underground parking, high-specification two bed penthouses and the newly released first floor two bedroom apartments which have a pool side terrace and fantastic amenities. Just a few minutes walk away are Kyrenias cobbled stone streets and alleyways which are lined with restaurants, cafes, bars, shops, markets and casinos.


Completion Date: Summer 2009


The Kyrenia Apartments are situated in the heart of the historic town of Kyrenia just 800 metres from its beautiful Harbour and modern yachting Marina and overlooked by the majestic Kyrenia Castle.

Approximate driving distances from Kyrenia Apartments to the following locations:

Seafront – 2 minutes
Beach – 5 minutes
Ercan International Airport – 35 minutes
Nicosia (Lefkosa) – 20 minutes
Korineum Gold and Country Club – 20 minutes


Features:

Unique modern architectural design
Communal Swimming Pool
Luxurious Bedrooms
Living Room with Balcony
Pergola
Ceramic floor tiles throughout
Fitted Kitchen units (base & wall) with laminated finish
Fully accessorised Bathrooms
Fitted Wardrobes with laminated finish
Satellite TV sockets in the lounge and master bedroom
Plasma TV spot in lounge
Quality insulation
Double glazed windows with sturdy aluminium frames
2-ton Solar hot water heater
Private underground parking
Exceptional build and extremely high specification
Close to all amenities, prime location in quite location near centre of town
Optional Features Available At Additional Cost
Special Package Deals:
Marble floors throughout
Air-Conditioning
Ceiling fans
Furniture package
White goods package


Prices:


2 Bed Apartment Starting From GBP48,950
2 Bed Penthouse Starting From: GBP64,950

Payment Plan:

Holding Fee GBP1,000 Non-Refundable
1st Installment 30% On Signing Contract
2nd Installment 15% At ground breaking
3rd Installment 15% After foundations
4th Installment 15% At second floor shell completion
5th Installment 10% At third floor completion
6th Installment 10% On completion of interior
Final Installment 5% On receipt of keys – On Completion


Taxes when purchasing in North Cyprus:

VAT - 5%
Stamp Duty - 3.25%

Bedrooms: Bathrooms: Price (€):
2 1 61,501
2 1 81,603
Features:
Beach
Submission Date:
02-19-2008
Last Update:
07-08-2008
Advertiser Details:


Name:
Laurie Hain

Company:
Off Plan Planet

Phone:
01517079335
Fax:
0870 141 2468
Mobile:
+44 0 7710 515144

 
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Calculators

 
Property price: €61,501
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations