Two Bedroom Penthouse in Iskele
Long Beach, Iskele Long Beach, North Cyprus
£720,000
Price verified 1 day agoProperty Location
This project is located in Iskele, Long Beach, in North Cyprus
- Supermarket 1 min
- Pharmacy 1 min
- Medical Center 2 mins
- Bars and Clubs 2 mins
- Pera Mackenzie Beach Club 3 mins
- 5 Star Hotel and Casino 3 mins
- Sandy beach by walk 5 mins
- Salamis Ancient City 11 mins
- Ercan Airport 45 mins
- Larnaca Airport 65 mins
Payment Plan
- 70% Down payment
- 30% 0% Interest installments till key delivery
Payment Breakdown
- Down payment (70%) £504,000
- Installments until key delivery (30%) £216,000
- Show 12 months installment plan
- Total amount £720,000
Additional Fees Calculator
- Property price £720,000
- VAT (10%) + £72,000
- Stamp duty (0.5%) + £3,600
- Title deed transfer + £28,800
- Transformer Fee + £3,000
- Lawyer fees (optional) + £1,500
- Total amount £828,900
Return on Investment (ROI)
Projected investment return of
£1,191,018 in 5 years
About the Project
This modern coastal development is located just 250 meters from Long Beach in the İskele area of Northern Cyprus, offering an ideal blend of seaside comfort and investment potential. The project consists of 17 spacious 2+1 apartments with 2 ground-floor commercial units, combining residential living with everyday convenience.
Designed with contemporary architectural lines, the apartments feature bright interiors, generous terraces with built-in barbecue areas, granite kitchen countertops, air-conditioning infrastructure, and thermally insulated glazing. Completed in 2024, the development presents an excellent opportunity for both holiday living and long-term investment in one of the island’s most desirable coastal locations.
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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