Overview

Property ID: SE503

Apartments
Property Type

3
Bedrooms

2
Bathrooms

220 m²
Area Size

Description

This massive penthouse, with 220m2 of internal living space, covers the entire third floor of a beachfront complex in Northern Cyprus. Renovated in 2022, this property offers unparalleled spaciousness and value for coastal living.

Location Features
– Beach Access: Within walking distance of the sandy beach and seaside restaurants.
– Golf Course: A short drive to the world-famous Korineum Golf Resort.
– Convenience: Located close to local restaurants and essential amenities.

Property Features
– Space: 3 Bedrooms (En-suite) + 4 massive terraces.
– Extras: Fully furnished, wood-burning stove, jacuzzi tub, and new white goods.
– Infrastructure: New water tanks and low maintenance fee (1,700 TL monthly).
– Legal Status: Exchange Title Deed in the owner’s name; VAT paid.

Investment Insight
A rare option that combines the spaciousness of a villa with complex security. The demand for large apartments in the region ensures high occupancy rates and rental yields.

ROI Calculation
Estimated annual rental income: £15,050 (7%)