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Lefkosa / Nicosia, north of Cyprus

Guide Price
£86,500
Busy Bees Estate Agents, Bogaz
PROPERTY TYPE

Apartment

BEDROOMS

2

SIZE

915 sq ft

85 sq m

Key features

  • * 85m2 of interior size
  • * Step free access to the property
  • * Communal Swimming Pool
  • * Markets and restaurants nearby
  • * Walking distance to the crystal clear beaches.

Description

* 85m2 of interior size
* Communal Swimming Pool
* Step free access to the property
* Markets and restaurants nearby
* Walking distance to the crystal clear beaches.
* VAT is payable.
* In the heart of the town * Best investment option with the great RETURN ON INVESTMENT (estimate of approx. 6000 GBP return every year.)
* Close to all local amenities.
* 50 minutes drive to Ercan Airport
* 80 minutes drive to Paphos Airport.

A £5,000 (Per year) GUARANTEED RENTAL IS BEING OFFERED FOR TWO YEARS!!! (Total £10,000) This well-located property offers an excellent investment opportunity, particularly for those seeking high rental yields. Situated near a major university, it benefits from strong demand from students and faculty members, ensuring consistent occupancy. With an impressive return on investment (ROI) of approximately 5%, this property is ideal for both seasoned investors and first-time buyers looking to maximize their returns. Investing in a property near a university is a smart choice, as it guarantees a steady stream of potential tenants and a solid appreciation in value over time. Don't miss out on this high-yield investment in a prime location! Reference No: HP3303



The size of 85m2 offering ample space for comfortable living. It is well-designed, featuring modern finishes, spacious rooms, and essential amenities that appeal to students and young professionals. Its proximity to the university means easy access to public transport, restaurants, shopping centres, and other urban conveniences, making it a highly desirable rental option.
Not only is this the cheapest two-bedroom apartment we can offer which comes with full deeds, that we have had to market for some time, it also comes complete with a tenant. This is yielding approximately £6,000 per year. The current tenant will move out in the month of June, and then from September you will be able to get another tenant as this is when the University's open again. Our Company is so confident that you will be able to get a tenant that we will guarantee £5,000 from next September to June 2026 if you were not able to find a tenant, and this will be written in your sales contract. We will also rent the apartment out for you for no fee. This is applied for two years, with a guaranteed rental income of £10,000!

We have ten apartments to offer out on this deal, and we are seeing a huge amount of interest. There are 3 blocks with a choice of floors. Each apartment has 2 double bedrooms, kitchen/lounge and a bathroom, and they are all furnished with white goods and air cons.

Blocks A, B and C.

Each block has 5 floors. You can pick from

A Block 3 available on the top floor
1 available on the 4th floor

B Block 2 available on the top floor
1 available on the 3rd floor

C Block 3 available on the 3rd floor

Other costs and procedures

£10,000 reservation + £1,800 solicitor's fees

Completion will be within 4 weeks, and you can take over the current rental until June. All apartments are currently rented out. Our Guarantee starts and is applicable from September 2025 to June 2026, and September 2026 to June, 2026. The guaranteed rental if required will be included in your sales contract

If you are just looking for a holiday home/permanent residence for yourself, completion will be in June 2025 when the tenants move out.

Completion in one month Balance of the property price to be paid direct to acting solicitor with 6.5% transfer and stamp duty

Transfer of deeds 6% plus VAT 5%

Maintenance for the communal areas and swimming pool is 500 dollars per year.

All these ultra-modern apartments are fitted out with the same modern furniture as seen with the attached photos.

This deal really is a no brainer, so please, if of interest, please let us know, we literally only have ten to sell.

To recap, a £5,000 GUARANTEED RENT, will be paid by our Company in June 2026 and in June 2027 if you have not managed to yield over £6,000 in rent each year, and we will also not charge to rent the apartments out for you.

With increasing student populations and a limited supply of housing in the area, rental demand remains strong, ensuring long-term profitability. Whether you plan to rent it out as a single unit or consider multiple occupancy arrangements, this property presents a lucrative opportunity.

Lefkosa / Nicosia, north of Cyprus

NEAREST AIRPORTS

Distances are straight line measurements
  • Ercan(Local)
    30.5 miles

About Busy Bees Estate Agents, Bogaz

Ataturk Caddesi, No.1 Soner T.Guder Apt. Bogaz Iskele, North Cyprus, Mersin 10 Turkey

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.

Notes

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This is a property advertisement provided and maintained by Busy Bees Estate Agents, Bogaz (reference hp3303) 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.

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