2 bedroom apartment for sale
Northern Cyprus - Famagusta, Bogaz
like this property?Call: 03339 395628
- • Price saving cost advantages of 20% plus.
- • 15 year mortgages available.
- • Rental guarantees (If required)
- • Only 25% down payment. (No stage payments before 2018 completion.)
- • Choice of apartment types.
- Small reservation fee, just £2,000
- Indoor and outdoor pools
- Across the road from the beach
- Excellent investment choice
- Buy now before prices increase!
The benefits of early investment are stunning and include savings of up to 20%* plus. With these massive savings, plus other great benefits, this is one for both buy to let and private buyers seeking a very special deal.
Do not delay as this project is already 30% sold in just a few weeks (At Dec 16). Great investments still remaining!
The project offers investors, buy to let business people, holiday home or residential buyers, a chance to invest at this early stage of this prestigious development. The rewards for investing now are well worth consideration.
*Note that the developer will increase prices from the discounted list periodically until completion. This means that early investors benefit from a discount of well over 20% from the price list that will apply for the completed apartments. The earlier you reserve the bigger your savings
The planned upward price movements are not increased on the market value but steps towards the finished apartment market value from the discounted off plan base.
This provides the built in rewards for early investors. As of December 2016 some studio and apartment prices have already risen in line with this strategy due to the massive early demand thus providing an investment return to date of 10% with more to come for those early investors. Many more great opportunities remain but please act quickly.
•Price saving cost advantages of 20% plus.
•15 year mortgages available.
•Rental guarantees (If required)
•Only 25% down payment. (No stage payments before completion.)
•Quality furniture packages available.
•Choice of apartment types. *
•Choice of apartment locations.*
•A five star life style in elegant surroundings.
ACCOMMODATION CHOICES DESIGNED TO ACCOMMODATE YOU!
The development is designed around six apartment blocks and an infrastructure that will result in the ambiance and atmosphere that you would expect from a five star resort, indeed, the apartments will not be out of keeping with suites in five star hotels.
APARTMENT CHOICES TO MAKE DREAMS COME TRUE.
•One bedroom apartments
•Two bedroom apartments
•Three bedroom apartments
LIFE STYLE BY DESIGN
The upmarket friendly village atmosphere is enhanced by the layout of the village design which is centered upon the magnificent outdoor pool generating a relaxed holiday feel. The planned infrastructure is simply astonishing and adds very substantial value to this investment in a life style choice that will delight you, your family and guests, or your rental clients; quite awesome.
INFRASTRUCTURE & FACILITIES.
•A glorious open pool
•An indoor pool (for year round use)
•A children's pool (To keep them safe and happy)
•A classy café
•A fitness centre
•Indoor children's play area
Will you ever need to leave the village? Probably not, but you are a short and pleasant drive from many of the attractions that the region has to offer and the local beach is just a few metres away. The best of both worlds beckons.
The site of this exquisite project designed and being built by one the biggest and most respected developers in the country, is on the coastal strip at the south facing end of Famagusta Bay. The site, carefully selected, is in the district of Iskele and lies between the thriving village of Iskele, where most amenities such as banks, shops, medical facilities and so on can be found, and the quaint fishing village of Bogaz.
The village of Bogaz is now a tourist destination in its own right, famous for the bars and restaurants clustered around the working harbour and the wonderful atmosphere that captivates everyone. Quite magical and a short drive or walk along the beach road from the site of this stunning new complex.
Historic Famagusta, locally known as Gazimagusa, is a short and very pleasant drive along the scenic coastal road. This bustling city, a fascinating mix of ancient and modern, is home to the Eastern Mediterranean University where a large number of lecturers and students add to the pool of prospective rental clients for those interested in this aspect of the investment. Eastwards lies the area of outstanding natural beauty that is the Karpaz Peninsula with some of the world's finest beaches and the Karpaz Gate Marina being among its many attractions.
What a superb location in which to build a new and ultra-luxurious holiday and residential development! Stop Press! As at December 2016, the developer behind this exciting project has just obtained permission to develop the beach area to the front of the complex providing a top class recreational and water sports feature that will add big value to the complex and to your investment. Another good reason to reserve your choice right now.
PRICES & AVAILABILITY (AS OF DECEMBER 2016)
The prices and sold/available status shown in the following pages are as December 2016 and as advised by the developer. Although sales are moving very quickly a good number of excellent options remain open. Early reservation is strongly advised to take advantage of the prices and terms currently offered and to obtain your preferred apartment position
KEY TO THE PRICE /AVAILABILITY LISTS
Heading: Block number and number of floors in that block.
Column one: Floor level numbers and floor plan "types" A-G in brackets..
Column two: Flat number (for easy reference e.g. Block 1 Flat 14)
Column three: Flat (Apartment) type.
Column four: Closed area M2
Column five: Covered terrace area M2
Column six: Open terraces M2
Column seven: Total terraced area M2
Column eight: Price (Dec16) or status (Sold, Reserved pending contract or held pending confirmation)
THE BUYING OPTIONS
You may simply choose to buy your choice of apartment/s, pay the low deposit and do your own thing. That is perfectly fine. In that case the illustration is simple.
Your selection was a studio at the launch date discounted price of £26,900 Down payment of 25% = £6725 No further payments until completion December 2018 when the balance of £20,175 is payable. By that date the projected value of your studio will be about £34,970 due to the price escalation process from the discounted starting point.
You may however, opt to go for the substantial financial benefits that are available from the developer and accept the finance and rental guarantee scheme. Example: The studio as above priced at £26,900. Down Payment = £6725 By completion date the projected worth is £34,970
From completion the rental guarantee kicks in at 7.5% per year for two years. (Note that taking up this option allows 4 specified weeks per year personal use for the guarantee period) Value of the guarantee is £2,623 per year for the period = £218-48 per month credited to you. This is income received.
A 15 year mortgage can be approved at currently 7% interest. Balance for finance is £26,900 minus the down payment = £20,175 Monthly re-payments = £181.17
Thus for the two years from completion the income exceeds the sums payable: Income per month £218-48 Payments per month £181.17 Net income per month =£37.31 In summary this option means that following your initial down payment of just £6725 there will be no further payments before year 2020
Your own cost calculation will of course depend upon the date of agreement, your actual choice of apartment and its location on site and the agreed price at time of reservation.
This example is used only to illustrate the potential benefits that are available to you if you decide to accept the financial package on offer. Contact us to register your interest without delay.
OTHER COSTS INVOLVED IN THE PURCHASE
All new properties are subject to 5% vat and 3% transfer at the end of the payment programme. Solicitor's fees are £1,400 Stamp Duty is 0.5% Electric and water connection £2,000 per apartment. Mortgage arrangement fee of 2% of the property price.
THE NEXT STEP!
Contact us to register your interest without obligation. If you have one or more specific apartments in mind let us have the block number and flat number/s and we will check current availability and get back to you promptly. Busy Bees, your friendly North Cyprus estate agents most local to this project, look forward to helping you secure your preferred apartments on this fabulous new holiday and residential village complex.
- Ercan (Domestic), 45 miles
*Distances are straight line measurements. This feature is currently in beta.