A BAR BUSINESS FOR SALE WITH ACCOMMODATION IN ISKELE NORTHERN CYPRUS. A MEDITERRANEAN HOME AND INCOME OPPORTUNITY
An opportunity to purchase this Sports Bar with a 3 bedroom apartment above, located in the busy village of Iskele, an up and coming area in the Mediterranean. This is an ideal opportunity for an enterprising couple who wish fulfil a dream of living and working in the sun. The property is located a few kilometres from the main coastal road that runs from Famagusta to the Karpaz peninsular. The ground floor is currently used as a sports bar with a shop attached, above this is a large meeting room, and on the second floor there is a self contained 3 bedroom apartment.
- Bar area
- Office/shop
- Large meeting room
- Covered terrace
- Pool and Football tables
- 3 bed apartment accommodation
- Full air conditioning
- Large plot
- Balcony
- Access to the roof
ABOUT THE BUSINESS PREMISES
Ground floor sports bar and shop – 120m²
A large room with a bar and seating area, the office and shop area are separated from the main room with a glass partition. The cloak room is fitted with a WC, wash basin and shower. Stairs leading to the first floor.
First floor Meeting/Function room – 120m²
An open plan area suitable for meetings and functions or could be used as an extension to the sports bar.
Second floor 3 bedroom apartment - 120 m²
The apartment is access via a private entrance with stairs leading up to the apartment and the roof, it has ceramic flooring throughout and is fully air conditioned
Kitchen Diner – A spacious area with a fully fitted kitchen with tiled splash backs and two windows with views of the surrounding area. There is ample room for a dining table.
Lounge – A light and airy room with a fireplace and patio doors to the balcony with views of the surrounding area
Master bedroom with en-suite – a good sized double bedroom with two large windows, the en-suite is furnished with a wash basin and shower
Bedroom two and three – 2 further double rooms
Family bathroom – an attractive bathroom with a Jacuzzi bath with shower over and WC, the wash basin just outside the door.
Roof top- at present is has the solar panels, satellite dishes and the water tank sited on it, there is potential and it would make a great roof terrace.
Outside – there is a large driveway with ample parking for several cars, a garage and a garden with an assortment if mature trees.
The Region
The Turkish Republic of Northern Cyprus is one of the few remaining “undiscovered” places of the Mediterranean. It has a diverse abundance of outstanding and unspoilt natural beauty from the crystal clear waters and golden sandy beaches to the heights of the pine clad mountains and Crusader Castles. With exemptions on income tax, import duties, corporation tax and very low council tax North Cyprus is a property investors’ haven. The past three to four years has seen an increase in foreign investment where we have seen investors from Russia, Israel, Turkey and the UK buying into property, land and large scale developments. With prices around half of that in the south of the island the potential for growth is considerable and real.
Although there is an increase in the amount of development going on it is being strictly regulated by the government which is wary of degrading the coastlines and natural beauty of the country with ill-conceived construction projects. Developers are being forced to take the natural surroundings into consideration in order to maintain the integrity of the natural setting. Despite the recent price hikes in the North Cyprus property market, it still offers investors great opportunities to buy real estate at very competitive prices. One such area is the Karpaz region.
The region has strict regulations on development and is a protected wildlife sanctuary where rare turtles lay their eggs on the golden sandy beaches, in excess of 300 species of birds pass through every year as they fly along one of the main migratory routes. Wild flowers are in abundance and the landscape is distinct from the rest of the island. It offers a haven of tranquillity for those who wish to explore the ancient monuments, walk or cycle on the mountain tracks or just relax on the beautiful beaches.
Cyprus really has a lot to offer whether you are looking to invest or to live here permanently and North Cyprus is being recognized as the property investors “hotspot” with prices at an all time low and the possibility of a solution to the Cyprus “problem” likely within the next 12 months those in the know are investing now.
Please CONTACT US quoting reference HP0747 for more on this North Cyprusbusiness opportunity