28-Villa Investment Project in Alsancak

Located in the foothills of Girne Alsancak, this massive project offers one of the largest development opportunities in the Northern Cyprus real estate market. Rising on 22 donums of land, this complex promises high profitability with both its existing building stock and expansion potential.

Location Highlights:

– Strategic Location: A prestigious location in the Alsancak foothills, intertwined with nature, offering uninterrupted sea and mountain views.

– Development Area: High capital appreciation potential due to its proximity to the center of Girne and the surrounding luxury residential settlements.

Property Features:

– Large Land: A comprehensive project structure of 28 villas on a total area of 22 donums.

– Growth Potential: Flexible development opportunity with vacant land for 10 villas yet to be built.

– Existing Structure: Cost-advantaged acquisition and customization opportunity with its status as an unfinished project.

Investment Verdict:

The limited land supply and high villa demand in the Alsancak region make this project unique for institutional investors. Upon completion, it provides a fast return on capital through sales or leasing.

ROI: Estimated Annual Rental Income: 245,000 GBP (7%)