A HOTEL PROPERTY AND TOURISM BUSINESS OPPORTUNITY IN MEDITERRANEAN NORTH CYPRUS
Set right on the sea front
On 28 donums (9 acres) site
Total of 64 en-suite guest rooms
2 swimming pools
Large lobby/ dining area
Selection of outside terraces and eating areas
English style pub
Walking distance to Bogaz Harbour
20 Minutes to Famagusta
Prime investment area
Investment in property
Investment in tourism
Busy Bees present an ideal opportunity for serious investors looking for an opening
into the Mediterranean property and tourism market. With the cost of property and
land very low in comparison to other Mediterranean countries, this is an ideal time
to invest with the potential for substantial capital growth with a healthy return
on investments. There are some new and exciting developments in this region, despite
the recent global recession in property. Two five star hotels have been recently
completed along the coast at Bafra, plus other developments including a casino and
a new 18 hole golf course currently under construction. The new fully operational
state of the art Karpaz Gate Marina and improved road links certainly make a statement
about the future of tourism in this part of Northern Cyprus and the confidence of
The Beach Hotel is located on the main Famagusta Bay coast road that runs from the
heart of Famagusta down to the wonderful Karpaz area. In an excellent postion the
hotel is just meters from the sea front.
The hotel currently has a total of 64 rooms in a variety of configurations including
standard rooms, suites and two room mini villas. The bulk of the rooms have seaviews
and are set around the main pool area with the remainder in a separate building near
the second swimming pool.
The communal internal areas include a very large lobby and dining area, reception
area, working areas with a large kitchen etc, a separate English style pub, and a
number of outside terraces set in large grounds measuring 28 donums.
Although the hotel has been closed for several years we believe the structure to
be sound but in need of some maintenance and updating and a moderate amount of investment
would be needed to achieve this.This is reflected in the very low asking price which
has just been reduced from £5,000,000 to £3,000,000 to attract an early sale. The
land on which the Hotel is built is let from the Government, at a figure of 6,000
dollars every year.
Thıs is an opportunity for investors to be become involved in the tourism and property
business in the TRNC with very real potential for returns on capital through property
values and with tremendous scope for the development of a profitable hotel business
in a location that is the subject of much tourism related activity and infrastructure
The single most likely event that will boost prices overnight is the eagerly awaited
resolution to the North/ South political issue. Even without this happening, property
and land investments in the TRNC are clearly the choice of many knowledgeable business
With a resolution, which informed sources predict will be sooner rather than later,
the upward values of property and land is expected to be dramatic. The only question
may be is this a good investment or a spectacular investment ?
WHERE IS IT?
Bogaz is a very popular fishing village and tourist attraction conveniently located
at the south facing end of Famagusta Bay. With already excellent road links to all
other Northern Cyprus destinations being enhanced by a new Karpaz road link, this
is a superb choice for an investor or investment group to develop this existing hotel
building into a highly successful business enterprise. The airports at Larnaca and
Ercan are both easily reached from here adding to the tourist business potential.
Why Invest in North Cyprus
It is no coincidence that a number of very influential international investors have
chosen North Cyprus over other Mediterranean countries in which to invest. This is
borne out by the superb yacht marina now open on the Karpaz Peninsula and the massive
new five star resort at Bafra, including a new golf course under construction there
due for completion in 2015. A number of developers have selected the Long Beach area
for resort and residential projects that are truly spectacular. This is all in addition
to the established tourism and residential properties along the northern coastline
Consider the forward thinking infrastructure projects like the superb new roads linking
main centres like Kyrenia,(Girne) The Karpaz, Bafra, Famagusta (Gazimagusa) Nicosia,
(Lefkosa) and the airports at Ercan and Larnaca, and you get some idea of the scale
of investment on the part of both government and private investors. The exciting
new water supply pipe under the sea from Turkey using pioneering technology can only
add to the future prosperity of Northern Cyprus and we believe will also add value
to property and land investments here.
People such as these don’t often get it wrong and this vote of confidence may be
considered a guide to your own choice of where to invest in the Mediterranean.
Why Invest in North Cyprus? Why invest anywhere else ?
We chose Bogaz in which to locate our first estate office in North Cyprus several
years ago because we believed that the area was lying dormant waiting for the tourism
and property market to catch up. This is proving to be the case with some very substantial
investment decisions now revealing themselves in the shape of major construction
and infrastructure projects either completed or under way. We believe that this opportunity
offers genuine possibilities and urge potential buyers to contact us without delay.
Please contact us Ref 1338 for more details and price guide information