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1 bedroom apartment for sale

£55,900

Northern Cyprus - Famagusta, Bogaz

like this property?

Call: 03339 395628

Key features:

  • • 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.)
  • • Quality furniture packages available.
  • • Choice of apartment types. *
  • • Quality furniture packages available.
  • • Choice of apartment types. *
  • • Choice of apartment locations.*
  • • A five star life style in elegant surroundings.

Full description:

Busy Bees are proud to present this golden opportunity to buy luxurious apartments and studios from just £26,900 with only 25% down payment (Nothing more until completion) in this exciting new holiday and residential village now under construction in the Bogaz /Iskele area of friendly Northern Cyprus.

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!

OVERVIEW

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.


Key Features

•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.

•Studio apartments

•One bedroom apartments

•Two bedroom apartments

•Three bedroom apartments

•Duplex 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

•A supermarket

•Parks

•Tennis Court

•Basketball field

•Massage room

•Sauna

•Children's playground

•Indoor children's play area

•Spa

•Bar

•Restaurant

•BBQ Area

•Security


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 Location

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.

Example
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 program. 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.

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Ercan (Domestic), 45 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Busy Bees Estate Agents , Bogaz

Ataturk Caddesi, No.1 Soner T.Guder Apt. Bogaz Iskele, North Cyprus, Mersin 10 Turkey
03339 395628  Local call rate
About Busy Bees Estate Agents , Bogaz

Many estate agents engaged in property sales in North Cyprus are based in the Kyrenia region, on the north coast of the island. This is partly because property developers were quick to realise the potential for Mediterranean style villas and apartments in that part of North Cyprus which had been popular with Europeans, in particular the British, for a long time. North Cyprus property sales were boosted by a demand for holiday apartments and villas in North Cyprus where seaside property with sea views was, and still is, a realistic possibility. The estate agents in North Cyprus are able to offer a valuable service to those seeking advice on buying property in North Cyprus but engaging a good local solicitor is always highly recommended when negotiations are under way.

Busy Bees Estate Agents is a fairly young company based on the edge of the Karpaz Peninsula in the picturesque fishing village of Bogaz. This location was chosen because it is on the south facing coast of North Cyprus between the Karpaz Peninsula and the town of Famagusta. This area is seen by many property developers as a prime area for investments in property and some attractive off plan deals can be passed on to our clients. The growing popularity of this wonderful part of the island of Cyprus is reflected in the multi-million pound development at Bafra; plus a planned new marina. Both are likely to enhance the value of any investment in property in this area.

We have staff fluent in Turkish and English who live in the locality and have excellent business relationships with the local professionals such as architects, North Cyprus solicitors, property developers and builders. Busy Bees are pleased to offer advice to those considering buying property in North Cyprus and can obtain answers to many questions through this network of contacts and associates. Advice and help is also available to those interested in land for sale in North Cyprus where buying a plot of land on which to build is quite an attractive option. See our page on “Buy and Build”.

The Karpaz Peninsula is an area protected from over development due to its status as effectively a nature reserve. Some permission has been granted for selective building of property on the Karpaz Peninsular and Busy Bees have the local knowledge and contacts to be in a position to help clients wishing to purchase in this delightful part of the island. We have a large portfolio of North Cyprus villas, bungalows and apartments, including some superb penthouse apartments, to offer our buying clients and we offer a friendly, professional service to our clients wishing to sell. Please visit our North Cyprus Property Centre and use our “information request” form for further information on any of our villas, apartments, penthouses or land for sale in North Cyprus.


Disclaimer

This is a property advertisement provided and maintained by Busy Bees Estate Agents , Bogaz (reference HP15261) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Busy Bees Estate Agents , Bogaz

Ataturk Caddesi, No.1 Soner T.Guder Apt. Bogaz Iskele, North Cyprus, Mersin 10 Turkey
or call 03339 395628
Calling from outside the UK? 00905338769166

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