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Studio & 1 Bedroom Apartments Bogaz/Iskele, Northern Cyprus.

Boğaz, Northern Cyprus
From€48,000/ Studios from £41,900 1 Bedroom from £70,900

Description

Studio & 1 Bedroom Apartments Bogaz/Iskele, Northern Cyprus.

Bogaz/Iskele, Northern Cyprus

Apartments and Studios available – Great Investment Opportunity.

We have few units left that we can still offer the 8% summer discount on, we are selling these on a strictly first come first served basis, we have very few studios and 1 beds left.

Studios – From just £41,900 with only 25% down payment.  Nothing more until completion 

1 Bedroom Apartments – from just £70,900

In addition to the tremendous returns on offer, all buyers of these units can obtain residency into Northern Cyprus and as a resident of Northern Cyprus, owners can also set up business there and take advantage of the countries Tax Haven benefits, paying just 1% corporation tax!

The Land Brokerage Group are proud to present this golden opportunity to buy luxurious apartments and studios 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 75% sold in just a few months. 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 increases 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 Many more great opportunities remain but please act quickl

Key Features

  • Price saving cost advantages of 20% plus.
  • 15 year mortgages available on approval from the Construction Companies bank
  • 10 year mortgages GUARANTEED from the construction company
  • 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 ambience 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.

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 both 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 exquisitely designed 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. December 2017 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.

In addition to meeting the preferences of buyers seeking just one apartment or studio flat, this system has the added benefit of allowing perhaps a large family or buy to let investor to occupy a floor to themselves with a suitable combination of apartments and/or studio flats to meet their ideal needs.

Either browse the following listings showing what is on the various floors in the different blocks to find your ideal apartment, or just contact us and tell us your requirements and we will narrow it down for you.

The facilities that will be offered on site:-

On offer, either inclusive or at very reasonable costs, will be:-

Airport transfers

Taxi service

Car rentals

Bicycle rentals

City tours and excursions

Asian fusion restaurant by night

Restaurant serving European snacks and lunches during the day

Full English and Turkish style breakfast

Bar and snack services to your sun lounger

Laundry and dry cleaning

Pool concierge and life guard

24 hour manned gated entrance

Casino trips

Golf and other sports related trips

Horse riding

Tours of the Island

Bowling

Go Karting

Hot air balloon rides

Boat trips by day and night

Traditional Cypriot nights out with traditional food and belly dancing

Kindergarten  and evening babysitting services

Gym and aqua aerobics

Spa with Turkish Hamam, treatment rooms and massage.

Hairdressers

Beauty

Themed children’s activities

Themed entertainment in the evening

3 day trips to Istanbul with site seeing

Weddings on the beach (Huge for rentals)

Fishing trips

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

Mortgages can be applied for in December 2019 for maximum 15 years.

Should the customer be turned down for the mortgage, a GUARANTEED 10 year mortgage will be offered from the construction company.

 

Our potential rental forecast against loan amounts:-

There is the opportunity to pay 25% down now and then nothing else is due until December 2019 at completion. At this stage your clients can apply for a 15 year loan with the construction companies own bank

at 7% and if this is turned down, they AUTOMATICALLY get a 10 year loan from the construction company at 12% interest.

Please see the figures below:-

For all apartments 25% is paid now, along with 0.5% stamp duty and £1,400 solicitors fees.

£2,000 of this amount is paid as reservation and contracts are drawn up and completion takes place on the 25% minus the £2,000 reservation fee within 2 weeks.

 

YOU THEN PAY NOTHING UNTIL DECEMBER 2019 AT COMPLETION.

In December 2019 you have options for the balance:-

Cash

You can apply to the Developers own bank for a mortgage over 10 or 15 years

If turned down  you will automatically get the 10 year mortgage from the construction Company no matter what your age or circumstance.

For the developers own bank, the following is required: (@7%)

  • 25% down payment will be met by the buyer
  • Bank loan will be up to 75% of the sale price of the property
  • Security: 1st Legal charge over purchased property
  • min. 1 Personal guarantor for overseas borrowers (can be a foreigner)
  • Overseas Borrowers to produce documents evidencing permanent  overseas addresses. (i.e Bank Statement, electricity / gas bills etc)
  • Currency GBP
  • Interest rate : 7%
  • Loan term : 10 Years but can be extended to 15 years in some cases
  • Arrangement fee : 2% + 0.5% stamp duty
  • In case of English speaking buyers, we prefer all legal documentations to be signed at buyers solicitors office after independent legal advice given and witnessed by their solicitors. This will be required at court in case of borrower defaults.
  • House insurance will be done by the Bank.

 

STUDIOS Start from £41,900

£41,900 x 8% =  £38,548   x 25% downpayment = (£9,637) = £28,911  on mortgage

15 year if approved                             =   £3,118.32 every year (£259.86  a month)

10 years if not approved                    =   £4977.48 every year   ( £414.79 month)

Projected rental          MINIMUM £250 PER WEEK X 25 WEEKS = £6250

With 15 year mortgage you will cover your mortgage and gross £3,131.68

With 10 year mortgage you will cover your mortgage and gross £1,272.52

 

1 BEDS Start at £70,900

£70,900 x 8% = £65,228  x 25% down payment  = (£16,307)  £48,921 on mortgage

15 year if approved                              = £5,276.64 every year     (£439.72 a month))

10 years if not approved                     = £8,422.44  every year   (£701.87 a month)

Every year:-

Projected rental           MINIMUM £350 PER WEEK X 25 WEEKS = £8750

Wıth 15 year mortgage you will cover your morgage and gross £3,474

With the 10 year mortgage you will cover your mortgage and gross £328

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 apartments number/s and we will check current availability and get back to you promptly.

 

 

  • Address: Bogaz, Northern Cyprus
  • Country: Cyprus

Detail

  • Property ID: 22898
  • Price: From €48,000/ Studios from £41,900 1 Bedroom from £70,900
  • Bedrooms: 0/1
  • Bathrooms: 1
  • Property Type: Apartment
  • Property Status: For Sale

Additional details

  • Fantastic Investment Opportunity: Mortgages Available (subject to status)
  • Excellent Range Of Facilities: Indoor/Outdoor Pools, cafe, restaurant and much more
  • Close To Local Villages: With banks, shops, medical facilities, restaurants & bars

Floor plans

Site Plan

This property listing comprises an advertisement, placed on behalf of a real estate agent/property developer or private individual, and does not constitute property particulars. Worldwide Property Sales will always endeavour to ensure the accuracy of the information provided by the advertiser, however it cannot check the information supplied, has no control over the content and therefore cannot be held responsible for any inaccuracies. This relates to property descriptions, measurements/sizes, location, accuracy of images, website content, linked, associated and any other information provided. Worldwide Property Sales makes no warranties or representations as to the accuracy, completeness, legality or suitability of any details or information provided and does not control and is not responsible for any services provided or promoted by third parties. You should seek your own independent professional advice and carry out your own research prior to making any decision to purchase or invest in overseas property.

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