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Sale Starts from €148,295.00

2+1 Apartment in Iskele, Northern Cyprus

Iskele
Object ID: 73439661
  • 2+1
    Rooms
  • 2023
    Year Built
  • 120 m² sq ft

Features

Description

It’s a hotel-apartment complex in Famagusta, Cyprus, the third-largest island in the Mediterranean. It is situated in Turkey’s south. The island is a popular tourist destination, with approximately 2 million tourists from all over the world each year.

Cyprus’ tourism industry is a vital source of cash for the government, and it has had a long-term impact on the island’s culture and multicultural growth. It contributes 10.7% of the country’s GDP and employs a considerable number of people. This helps to explain why it is such a popular investment destination.

The majority of the project is focused on the idea of holiday homes. It consists of five blocks separated into three stages: the first is finished and ready to be delivered, while the second and third will be finished in 2022 and 2024, respectively. The project has a total size of 44,000m2 and 1000 units spread out among five towers.

The project is made up entirely of 0+1, 1+1, and 2+1 apartments, with sizes ranging from 56 to 130 m2.


The property is a good business opportunity because it rents out luxurious, fully furnished summer houses, especially during busy seasons. Furthermore, the project management promises a 4-year rental income guarantee with an annual return of 8% for cash purchasers.

It is close to the beach and has all the required social amenities to ensure that its occupants have wonderful Mediterranean vacations.

The project’s interior design was done in a contemporary manner with high-quality materials. The Fabello signature may be found on the provided furniture, which is a well-known Italian brand.

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