Old house or Apartment Plot for Sale in Alsancak

Ready for Delivery | Eligible for Credit

Located in the Alsancak region, this 1336 m2 property is situated in one of the most prestigious spots in Northern Cyprus. With its existing old structure, it can be utilized as either a restoration project or a modern apartment complex.

Location Advantages:

– Strategic Point: High-demand location close to the Merit Hotels area and popular beach clubs.

– Developed Infrastructure: Within walking distance of social amenities and offering easy access to Girne center.

– Investment Value: A region that continuously gains value due to the limited land supply in the area.

Property Features:

– High Construction Permit: 90 percent zoning rate and technical infrastructure suitable for the construction of 3-story apartments.

– Large Area: Concept for multiple apartments or a luxury mansion on 1336 m2 of land.

– Transformation Potential: Option to preserve the authentic texture of the existing structure or maximize it with a new project.

Investment Outlook:

The scarcity of zoned land in the Alsancak region makes this property a strategic asset. The profit potential per unit to be achieved after project development is above the regional average.

ROI: Estimated Annual Rental Yield: Projected as 7 percent of the sale price.