A MEDITERRANEAN NORTH CYPRUS BUILDING LAND INVESTMENT WITH PLANNING PERMISSION -SEA FRONT POSITION- PRIME LOCATION - PRICED TO SELL
- Next to main coast road
- Front line beach
- Electricity and services
- 35% - 40% build density
- Permission for 4 floors
- Ideal for resort hotel
- Residential build permission
- Sandy beach
- Close to amenities
- Short walk to Bogaz Harbour
- CITIZENSHIP GUARANTEED ON THIS LEVEL OF INVESTMENT
- 30 minutes to Karpaz
- 20 minutes to Famagusta
- 200m beachfront
A rare opportunity to purchase this amazing front line, zero to the sea, plot of land in Bogaz, Iskele. This 76 Donum plot, (25 acres), has enormous potential for a variety of uses, either for upmarket residential properties or for a hotel/resort complex, or simply as a sound investment opportunity. This area of Northern Cyprus is truly the hotspot of the region with the stunning new resort hotels at Bafra underway and the commencement of the construction of the Karpaz Gate Marina on the Karpaz peninsular the potential is both obvious and real. The shortage of quality accommodation in the area and the potential that the area is offering make this an excellent investment. Citizenship in North Cyprus is approved on this level of investment. Property reference HP0425
Price guide £6,500,000 GBP
The Location
The land on offer is situated in Bogaz Iskele, a coastal village very popular amongst tourists and locals. There is a shortage of top quality hotels in the area. Bogaz is thought to be the “gateway” to the Karpaz - an area of unrivalled natural beauty where nesting sea turtles return each year to lay their eggs in the soft golden sandy beaches.
The Karpaz peninsula, (or the panhandle), is the easternmost part of the island of Cyprus, where the land tapers into a thin strip which stretches out towards Turkey. The area is rich in subterranean water reservoirs and thus crops such as tobacco are grown in abundance. Another main source of income in the region is fishing. Boğaz and Kumyalı are the fishing centres in the Karpaz.
There is real potential for tourism related or residential development is this area making this a superb investment opportunity.
Why invest here ?
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 of Kyrenia.
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 land in the Mediterranean.
Why invest here ? Why invest anywhere else ?
PLANNING APPROVALS
HOTEL PURPOSES
Total Build Area %640 of total land area
Total Land Area = 76 Donums x 1,338m2=101,688m2 x %640 =40,675m2 (Say 40,000m2)
If 15,000 m2 is to be used for general purposes then 25,000 m2 remains for rooms. If a room is around 25m2, there is potential for about 1000 rooms
Max Ground Usage : %15 of total land area
Max Height : 4 Floors or 53 feet.
Distance from neighbours borders: I/2 of max height of the building
Distance from the sea: 3xMax height of the building.
Distance from the main road: 50 Feet
VILLAS BUNGALOWS HOUSES PURPOSES
Total Build Area: %35 of total land area
Max ground usage: %20 of total land area (If 2 or more floors)
Max Ground Usage: %25 of total land area (If one floor)
Max Height: : two floors 27 Feet
Max Height: : One floor 17 Feet