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TWO MAISONETTES FOR SALE WITH POTENTIAL FOR A LARGE VILLA CONVERSION-BOGAZTEPE NORTHERN CYPRUS

 

 

£120,000

New to the market this extremely large property offers all sorts of potential. Currently being used as 2 maisonettes the property could continue along the same arrangement for an investor looking for rental income on one or both properties, or, it could be easily turned into a large 6 bedroom property. Located in Bogaz Tepe, a much sought after area above the popular fishing village of Bogaz, and benefiting from pre 74 Turkish Title Deeds, will surely create great interest in this new listing.

This large detached property  has a total covered area of 240m², and is currently being used as 2 separate maisonettes.

 

Metal  effect windows with shutters.

Air conditioning in some rooms on first floor

Large corner plot

 

Entrance

An pretty iron gate leads to the  entrance front door opening into the first floor maisonette.

 

Ground Floor Maisonette

 

Lounge area 4.8m x 3.4m  (15’7 ft x 11’15ft)

A good sized room with 2 windows that look to the side and front of the property. Door leading through to kitchen.

 

Kitchen 3m x 4m  (9’85 ft x 12’1 ft)

This adequately sized room is fitted with an array of kitchen units with  counters and splash backs. The window looks to the rear of the property. 2 doors lead to both the rear and side of the property from either end of the kitchen area.

 

3rd  bedroom/study/dining area

Currently being used as  a store room, this area could easily convert to a 3rd bedroom or study/dining area.. Sliding doors take you back into the lounge.  4m x 3m  (13’10 ft x 9’85 ft)

 

Guest toilet 2.0m x 1.0m (4.75 ft x 3.3ft)

Toilet, wc and wash hand basin.

 

Separate Family Bathroom 3’0 m x 2’0 m (9’85 ft x 6’5 ft)

A well-proportioned bathroom fitted with a wash basin, WC, with a  corner shower unit over bath. Single window.

 

 

Master bedroom 4m x 3m (9’85 ft x 12’1 ft)

A good sized room to the rear of the property with double aspect windows.

 

Bedroom 2’ 3m x 3m (9’85 ft x 9’85 ft)

Good sized second bedroom

 

Under stairs storage (Plus if the new owner wished to convert to  one large property, access to upstairs could come at this point)

 

 

1st Floor Maisonette

 

Access the the upper floor maisonette is currently from the side of the property. Stairs lead up to and into the upper floor property

 

Lounge Diner 7m x 3m (23’0ft x 9’85ft)

Extremely spacious living and dining accommodation with Air conditioning unit. Door to front balcony.. Stunning mountain and sea views from the balcony area.

 

 

Bedroom one 4m x 3m  (13’1 ft x 9’85ft)

Another large double bedroom with fitted wardrobes a nd an air conditioning unit.

 

 

Bedroom two  3’0 m x 3’0 m (9’85ft x 9’85ft)

A further double bedroom including fitted wardrobes, with sliding doors opening to a  balcony. A further side window oozes in lots of light.

 

Family Bathroom 3’0 m x 2’0 m (9’85 ft x 6’5 ft)

A well-proportioned bathroom fitted with a wash basin, WC, with a  corner shower unit over bath. Single window.

 

 

 

External

The villa sits on a reasonably sized walled corner plot.  The garden has been partly paved and so is very easily maintained. There is a car parking area, and plenty of room for a swimming pool. Given the properties location in this elevated village, breezes are often uncommon.

 

 

 

Resale & Rental Potential. This large spacious property is strategically placed within walking distance to all the shops, restaurants, school and public transport stations. The nearest sandy beach is only a two minute drive, whilst the City centre of Famagusta can also be reached within 15 minutes. The property is in need of modernization, at which point for the 3 bedroom 1st floor maisonette, Long term rental expectations for this property are £300  per month, and for short term holiday lets, £500 weekly. The first floor 2 bedroom maisonette would, after modernization, yield £250 for long term rentals and around £400 for short term. Should an investor wish to completely modernize the whole building and turn it into a large 6 bedroom villa, together with a pool, then resale value is estimated over £200,000

 

 

Please contact us for further details Ref 1509