Off plan £36,900 - Apartment
These hotel type apartments are located in a brand new modern building in Famagusta city centre. Part of the building is a business center, and the other part is residential offering studio apartments of 44 m2, with improved design and sea views from the second floor.
The location is ideal for those who enjoy city life and appreciate Famagusta lifestyle. Famagusta is one of the seaside cities in Cyprus which is famous for its sandy beaches and historical sights of Byzantine era. Famagusta is also home to the only state University – Eastern Mediterranean with around 22,000 students from more than 35 countries.
Famagusta properties are renowned for earning good returns from rentals. Within 80 m is the University, within 100 m there are shops and restaurants and central streets. There are 2 popular sandy beaches within 1 km – Clubsides beach and Beach Club. Within 2 km is ancient city of Famagusta with its famous gothic St Nicolas cathedral (now Lala Mustafa Pasha mosque), Othello Tower, Old Fortress and city walls of Venetian times, and Famagusta port within 1 km from the apartments. Popular Palm Beach is only 1.5 km from the development.
The property rental return are projected to reach 8 % annually. There are two ways of rental opportunities in Famagusta – long terms rentals for students available for 6-12 months and short term rentals for tourists .
Completion of the project is planned for September 2018.