For Sale   >   North Cyprus Flag  North Cyprus   >  Ammochostos  >  Famagusta
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  • £170,000
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  • 2 bedrooms
  • Investment  2 bedrooms
  • For Sale 
  • Famagusta
  • north cyprus Flag North Cyprus
Fantastic investment opportunity, 3x 2 bed self-catering apartments and 2x 3-bed self-catering apartment complex for sale on prime real estate in famagusta (trnc).

The property was formally a large house recently converted in to self catering complex, to cater for the high demand for student accommodation in famagusta from the local university ( .emu.edu.tr/) of which there are aprox 13000 students from around the world.
The property is within walking distance from the university, café bars ,restaurants and around 1km from the beach.

The property was built pre 1974,and has all relevant title deeds. It`s on a full plot of land so if the purchaser wished they could demolish the existing property and rebuild a 4-storey apartment block.

The current rental return from students paid 12months in advance when moving in is around 13k- 15k sterling per year.

Rental return from holidaymakers could be considerably more.

This would suit someone that wants to immigrate to Cyprus but still have an income from a low maintenance business.

Or simply a property investor that wants to capitalise on the current low house prices in the North of the island.

This is my father in laws property, please send me an email to express your interest or if you have any questions.
Fantastic investment opportunity, 3x 2 bed self-catering apartments and 2x 3-bed self-catering apartment complex for sale on prime real estate in famagusta (trnc).

The property was formally a large house recently converted in to self catering complex, to cater for the high demand for student accommodation in famagusta from the local universi...
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