Commercial Property in Famagusta
Famagusta, North Cyprus
From £150,000
Price verified 2 days ago- Property Ref: 1869
- Ready to move in.
- Central location with high rental potential.
- Great for both renting and for your own business.
- Flexible payment plan.
- Modern design and high quality construction.
Facilities
Property Location
The building is located in the center of Famagusta.
- Supermarket 1 min
- Bank 1 min
- School 1 min
- University 1 min
- Restaurants 1 min
- Shopping Center 1 min
- Famagusta Port 1 min
- Golden Beach 1 min
- Ercan International Airport 45 mins
- Larnaca International Airport 45 mins
Payment Plan
- 50% Down payment
- 50% 0% Interest installments after key delivery for 24 months
Payment Breakdown
- Down payment (50%) £75,000
- Installments after key delivery (50%) £75,000
- Show 24 months installment plan
- Total amount £150,000
Additional Fees Calculator
- Property price £150,000
- VAT (5%) + £7,500
- Stamp duty (0.5%) + £750
- Title deed transfer + £18,000
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £180,750
Return on Investment (ROI)
Projected investment return of
£247,504 in 5 years
About the Project
Modern Living in the Heart of Famagusta
This newly completed residential and commercial project in Famagusta offers an exceptional opportunity for both homeowners and investors. The development consists of two blocks featuring spacious 1-bedroom and 2-bedroom apartments, 3-bedroom penthouses, along with commercial spaces ranging from 93 m² to 600 m².
Designed for comfort and convenience, the project is strategically located, ensuring easy access to key amenities, business hubs, and leisure areas. The apartments are crafted with modern layouts and high-quality finishes, making them ideal for both living and rental investment.
WHY INVEST IN NORTH CYPRUS?
- North Cyprus has seen 79% property price increase in the past 3 years
- Rated as "#1 Beachfront Property Investment in The World" by Forbes Magazine in 2021, North Cyprus is one of the leading property investment hotspots in the Mediterranean
- Buying an off-plan property allows the buyer to pay approximately 20% below market value and pay in instalments over 12-36 months
- Buy-to-let is also a very attractive option yielding minimum 8% return
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