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This is one of the most exclusive and sought after apartment complexes in Central Kyrenia. The inspired design of the complex allows for such features as oasis pools with waterfalls, car parking, beautiful gardens and 24 hours security on site.
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Very high specifications also help to make this one of the area's most sought after new developments. The development consists of ten apartment blocks with a hundred flats. Each block has eight one-bedroom flats on the first and second floors and two three-bedroom penthouses on the third floor.
There is closed parking place available for each apartment. All these features can be enjoyed just 5 minutes away from the famous Harbour of Kyrenia. The complex will be completed by December 2008. |
The standard specifications include build-in wardrobes in every bedroom, kitchen wardrobes, quality ceramic titles in bathrooms, solar panels and tiled floors.
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The project is being built on a plot of land with the original Pre-74 Turkish title deed, which guarantees 100% safe investment.
The apartments can bring high rental income for investors, because of the high demand for good quality apartments in the centre of Kyrenia. There are several shops, restaurants, bars, hospitals, schools within a walking distance from the project.
The attractive 12 years payment plan offers an incredible opportunity to buy an apartment for as little as £306 per month. |
Type A (1st, 2nd floors, pool front) : £48,000 : 1 bedroom : 70 m² : Floor plan
Type B (1st, 2nd floors) : £45,000 : 1 bedroom : 65 m² : Floor plan
Type С (Penthouse) : £90,000 : 3 bedrooms : 135 m² : Floor plan
Payment method 1:
1. 50% at the time of signing the contract
2. 50% before the completion
Payment method 2: Twelve years mortgage plan
1. 25% deposit on the date of signing the contract.
3. 25% on the completion
2. Amount of the loan (another 50%) can be paid up to 12 years with 8% interest rate per year.
Buy to Let Investment Plan : You purchase a 1 bedroom apartment for £44,950. You put £22,475 and the remaining £22,475 is mortgaged for 12 years. Your monthly installment will be £306. The rental income is around £350 per month. This means an annual rental return of 18.7% (£4,200/£22,475) and an annual income of £528! In addition to this, you will also have the annual appreciation which is estimated to be more than 10%.
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