A MOST UNUSUAL AND UNIQUE BUSINESS OPPORTUNTY IN NORTHERN CYPRUS
If you are looking for a great business in the buy to let and tourism industry, then
look no further than this complex of 16 villas which are all being sold together
on 5600 square metres of land opposite the beach.
The stunning villas are divided into six three bedroom detached villas, and ten two
bedroom semidetached villas, all built to a luxurious finish and located opposite
the sea in the popular area of Iskele. The style of the properties is totally unique,
with well-maintained garden area and a large pool plus kiddie’s pool.
Now reduced by £200,000 to sell quickly.
6 x 3 bed detached villas
10 x 2 bed semi detached
Large communal pool
Opposite the beach
Buy to let
Management company available to run the business
Great profit returns potential
Was £1,600,000 Plus 5% vat
Now £1,400,000 Plus 5% vat
The Rental Potential Illustration
November – April £500 per week
May – October £750 per week
SEMI DETACHED PROPERTIES
November – April £350 per week
May – October £550 per week
Figures based on full occupation during the peak season and 50% during non peak
27 weeks in peak season
27 x £750 = £20,250 x 6 villas = £121,500
27 x £550 = £14,850 x 10 villas = £148,500
14 weeks off peak
14 x £550 = £7,000 x 6 villas = £42,000
14 x £350 = £4,900 x 10 villas = £49,000
TOTAL FOR THE YEAR = £361,000
It may work to exclude one of the semi detached properties for on site Management
and an office and maybe even a small market, with the maintenance team being on site
24 hours a day.
Costs for on site Management + pool / Garden cleaning £3,500 if managed by Busy Bees
, TOTAL £42,000 per annum
The profit would be subject to taxes which can be discussed in further detail with
As foreign investors cannot buy more than one property, the complex comes with a
Company that is being sold within the price.
Local Amenities and Attractions Travelling Times
Nearest Large Supermarket - 5 minute drive Chemist & Clinic - 10 minute drive İskele
– 10 minutes Long Beach Area – 5 minutes’ walk Salamis Ruins And St Barnabas Abbey
– 10 minutes Famagusta City – 20 minutes Karpaz Gate Marina – 50 minutes Karpaz Peninsular
– 1 hour drive Ercan Airport – 40 minutes Larnaca Airport – 1 hr 10 mins
The Region Long Beach Iskele
The name for this area is not a stretch of the imagination, it truly is a long and
sandy beach with plenty of room for sun bathing and shallow water for safe swimming.
Located on the eastern coast in Famagusta Bay, this exciting area is becoming very
This sought after area of Long Beach is on the very best coastline in Northern Cyprus
where the golden sandy beaches stretch for miles. Residents and holiday makers can
choose from several restaurants in which to dine and watch the superb sunset, or
maybe take the ten minute drive into the Historic Cıty of Famagusta , which will
keep you entertained forever, with its fascinating mix of old and new. A really great
location for a business venture such as this.