North Cyprus Properties

Alsancak Apartments [AL1]


Apartments in Alsancak starting at £29,950!

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It's not just the price that is amazing with these two and tree bedroom apartments; it's the location as well! They are situated just a few minutes walk to the lovely village of Alsancak so all of the wonderful restaurants and bars are right on your door step and the beaches are just a short drive away.


Two bedroom apartment block

Each two bedroom apartment is spacious at 80 m2 and includes large lounge with a balcony, an open-plan kitchen with circular dining area allowing fantastic views. Each penthouse on the top floor has its own roof terrace with a pergola.

The project includes 66 apartments in 11 blocks, a shared overflow pool (6 x 12 m) and parking places for each apartment. There is wonderful sea view from some of the apartments. The construction of the project is planned to be finished by June 2010. Title Deed is Exchange.



Three bedroom apartment block

Three bedroom apartment has 110 m2 and includes a lounge with large windows, separate kitchen, three bedroom, two shower rooms and a guest toilet.

As a standard all apartments include fitted laminate covered wardrobes in all bedrooms, ceramic interior and extrerior flooring, white aluminium double glazed PVC windows and sliding doors, american press style interior doors, solar panels and hot water tank system, for each flat 3 ton water storage tank.

Not only there is a communal pool and roof terrace but the builder is also offering 5 year mortgage plan. With all this on offer these apartments will not be around for long!


Distance to Important Locations


Location
Distance
50 minutes drive
Kyrenia Harbour
10 minutes drive
Nicosia (Lefkosa)
25 minutes drive
Famagusta
55 minutes drive
Local Restaurants
Many restaurants
within walking distance
Escape Beach
5 minutes drive
25 minutes drive
Acapulco Beach
20 minutes drive


Specifications.

  1. All walls constructed of brick.
  2.  Plaster and paint finishing all external (3 coats) and internal (2 coats) walls and ceilings.
  3. White aluminum double glazed PVC windows
  4. American press style interior doors and Sweden style exterior door.
  5. Kitchen with fitted laminate covered units, faience walls and ceramic flooring throughout.
  6. Fitted laminate worktop wardrobes in all bedrooms.
  7. Bathroom and WCs – faience walls and high quality ceramic flooring.
  8. Ceramic flooring throughout living room, hall, bedrooms, balconies.
  9. Water isolation coverings for all terraces.
  10. Buildings’ electricity installation accomplished in accordance with electric project.
  11. Ornate wrought iron for balconies and iron balustrades to staircases.
  12. For each flat 3 ton water storage tanks (2 ton underground tank, 1 ton roof tank).
  13. 6x12 communal swimming pool with garden marble covering its surroundings
  14. Green area all around complex, landscaping accomplished by the construction completion and the water system installed.
  15. Isolated car parking area.
  16. Stone walls to corner boundaries, 1 entrance gate.
  17. Asphalted main road and parking areas.
  18. Additional lightning for communal area.
  19. Electrical services provided until the completion of the complex construction.

 

Payment Method and Price List

Two bedroom garden apartment: £29,950.
Two bedroom first floor apartment: £31,950.
Two bedroom penthouse with a roof terrace: £36,950.

Three bedroom garden apartment: £41,950.
Three bedroom first floor apartment: £44,950.
Three bedroom penthouse with a roof terrace: £49,950.

Payment Method 1:
50% - on signing the contract.
50% - up to 4 months after the contract.

Payment Method 2:
1. 25-30% - on signing the contract.
2. 70-75% - up to 60 (5 years) monthly payments (at 7% annual interest rate)

Buy to Let Investment Plan : You purchase a 2 bedroom apartment for £29,950. You put £9,000 at contract and £8,470 (total: £17,470) before the completion (1,5 years) and the remaining £12,472 is mortgaged for 3,5 years. Your monthly installment will be £471. The rental income is around £350 per month. This means an annual rental return of 24% (£4,200/£17,470)! In addition to this, you will also have the annual appreciation which is estimated to be more than 10%.


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