2 bedroom apartments for investment in a 5-star hotel
A unique luxury project, which will be located in the Iskele area, just 400 meters from the Mediterranean Sea. At the moment, this is the largest and most ambitious project in Northern Cyprus.
This is a complex of mixed type, which consists of 4 blocks of different heights. All blocks will be connected by one common floor. The project has 686 apartments from studios to penthouses 5 + 1. Each apartment will have a magnificent view of the sea, as the complex will be located on a hill.
The commissioning of block A is scheduled for May 2025. This block will be a 13-story five-star hotel. Most of the apartments in the block are studio apartments, and there will also be 1+1 and 2+1 options.
A great option for those who want to receive passive income and not think about where to find clients for your property. All questions and affairs will be handled by the developer company.
When buying real estate in this block, you become an investor in the hotel. The developer concludes a lease agreement with you for 10 years. Also, when buying an apartment in block A, you are obligated to buy a package of furniture. That is, at the time of the transaction, you conclude 3 contracts: a contract of sale, a long-term lease contract, and a contract for the purchase of a furniture package.
We would like to remind you that there are no kitchens in blocks A, as these are hotel-type “apartments”.
Down payment 35% of the cost of the apartment + payment for the furniture package.
The complex will operate a system of vouchers. Investors will be issued a coupon for a certain amount for the holiday. The amount will vary depending on the type of property purchased. Also, during the season, the number of rest days will be less than out of season. This is due to the fact that during the season prices for hotel rooms will be higher due to high demand.
The infrastructure of the complex:
Thanks to the infrastructure thought out to the smallest detail, the complex will have everything, and even more. The project has features that have not yet been in Northern Cyprus, but let’s go in order.
Sea lovers will appreciate it: the residents of the complex will have their own beach and an underground passage to the sea. Those who prefer the pool will not be left without attention. For them, there are outdoor and indoor pools with an area of more than 1,300 m2, a water park for children, as well as an infinity pool on the roof of the 10th floor. Also, the residents of the penthouses will have their own private pool on the terrace.
For the first time in Northern Cyprus, co-working areas will be equipped.
Also, for the convenience of the residents of the complex, there will be conference rooms, a currency exchange office, dry cleaning, a cinema, shops, and a children’s club on the territory. For gourmets, several restaurants will operate on the territory: a Chinese, Italian, and steak house, a buffet breakfast room, bars, a pastry shop, and a snack bar.
The spa center includes a Turkish hammam, steam, and massage rooms. For lovers of outdoor activities, there is a gym with an area of more than 4,000 m2, an indoor squash area, a mini golf area, a volleyball court, a tennis court, and equipped bike paths throughout the complex.
The developer did not deprive people with disabilities of their attention. Especially for this, expanded entrances, freight elevators, and other details for a comfortable stay will be made.
In addition, the company approached the landscape design responsibly. The project will include endemic plants of Cyprus, i.e. those that are not found in other geographical areas.
The 24-hour front desk and lobby area will be located in a separate block A.
Down payment 35% (except block A, where you also need to pay for the furniture package)
Installment from 33-48 months.
Don’t miss your chance to own an apartment in this amazing project.
- Province / State: Famagusta
- City / Town: Iskele
- Property ID 17174
- Price £305,000
- Property Type Apartments
- Property status For Sale
- Bedrooms 2
- Bathrooms 2
- Size 129 m2
- Label New