Well-Maintained Apartment Block - Fantastic Investment Opportunity!
Karaoglanoglu, Kyrenia, North Cyprus
£500,000
- Sale Price £500,000
- Status For Sale
- Listing Type Complete Building
- Bedroom 2
- Bathroom 1
- Year Built 2016
- Usable Internal Area 70 m²
- Living Room 1
Description
Fantastic investment opportunity!
We are delighted to present this well-maintained apartment block in the sought-after area of Karaoglanoglu.
The block consists of four apartments, each with 2 bedrooms, 1 bathroom, lounge, kitchen and two balconies and is set on 700 m² of land with mature olive trees in the surrounding gardens and off-road parking on site.
The property was built approximately 5 years ago, is in excellent condition and is in a highly demanded area of Kyrenia, offering a stable long term rental income with many local amenities, restaurants, schools and beaches at walking distance.
Title deed in owners name with VAT paid.
Main Building
The 5 year old building consists of a total of 4 apartments, two on the ground floor and two on the first floor.
Lounge
Single aspect lounge of first floor apartment.
Kitchen
Dual aspect kitchen of first floor apartment.
Balcony
Balcony off the kitchen of first floor apartment.
Bedroom One
Dual aspect Master bedroom of first floor apartment.
Bedroom Two
Single aspect second bedroom of first floor apartment.
Bathroom
Single aspect bathroom of first floor apartment.
Garden
Garden surrounding the apartment block with many mature olive trees.
Views
The apartments offer mountain views.
Additional Information
All four apartments are currently rented out and provide a stable rental income.
Many local facilities are at walking distance like restaurants, schools (GAU) and beaches.
The block is very well maintained and only 5 years old.
Another floor could be added on to the block to increase to 6 apartments.
Ian Smith Estate Agency is a family run business set up as the very first British estate agency in North Cyprus in 1986. Ian Smith moved to the island in 1985 and established the business after seeing a need for a European/British style estate agency. He quickly established himself as THE expert on property in the Kyrenia area and created an honest, non-pushy approach in his office.
His daughter, Kate and son-in-law Osman took over the business in the 2000s and continue to run the business today with their fantastic team, offering a one stop shop including sales, rentals and help on moving to North Cyprus.