A team of international property professionals dedicated to providing an unrivalled service to the luxury Northern Cyprus property market. For further info please contact pia@donaghyandbeyler.com
FIVE YEAR MORTGAGE PLANS AVAILABLE. An exclusive new development of apartments & penthouse located on the outskirts of this pretty village with spectacular views of both sea and mountains. There are 2 bedroom and 3 bedroom apartments and penthouses with large lounge/ diner with balcony, fitted kitchen, family bathroom, guest WC and 8m x 16m communal swimming pool. This development is 12 minutes drive to Kyrenia, 2 minutes to the nearest beach and 45 minutes to the airport. Built to a high standard by a well known developer. For more information on Mortgage Plans please contact info@donaghyandbeyler.com
Contact Girne branch on 00903928158681 (ref: 12924/1)
SPECIFICATIONS
Large lounge Terrace off lounge Type C: 2 bedrooms with fitted laminated wardrobes (penthouse is 3 bedrooms) Type T: 3 bedrooms with fitted laminated wardrobes Master bedroom with en-suite Kitchen with fitted laminated units Terrace off kitchen Family bathroom tiled ceramic walls and ceramic tile flooring Guest WC tiled ceramic walls and ceramic tile flooring Aluminium double glazed windows Damp proof Pressed panel doors Ceramic tile flooring One ton water tank on the roof with solar panel and water heating system and Two ton water tank on ground level Traditional stone features on the exterior %30-%50 larger apartments compared to the market Completion date 24 months after signing the contract Communual 8m x 16m overflow swimming pool Doors to all apartments will have an intercom system This property is in Lapta village, approximately 12 minutes drive to Kyrenia town, 2 minutes to the nearest beach and 45 minutes to the airport.
MORTGAGE PLAN
60% of the purchase price is to be paid within one year or up to concrete stage, whichever is soonest. The remainder 40% is then paid in monthly instalments. The mortgage is available to all prospective purchasers for up to 40% of the purchase price over a maximum period of five years. Current interest is set at a variable rate of 10% this is applied to each year of the mortgage period.
EXAMPLE OVER A FIVE YEAR PERIOD:
Amount borrowed £30,000.00
Interest at 10% £15,000.00
Total amount repayable £45,000.00
Monthly repayment = £ 750.00
SUGGESTIONS FOR REDUCING YOUR MONTHLY REPAYMENTS
There are two ways that you may wish to consider in reducing your mortgage repayments examples based on three bedroom apartments.
• The first option is for a short term holiday let, expected rental income based on current market rates – £300 – £350.00 per week.
• The second option is for a long term let (i.e 6 months +), expected rental income based on current market rates – £400.00 minimum per month.
For further information about the mortgage plan available for this project please contact your estate agent. Alternatively if you are interested in taking out a mortgage please request an application form.
These particulars are believed to be correct, but their strict accuracy is not guaranteed,
neither do they constitute any part of an offer or contract. Intending purchasers should not rely
on them as statements of representation of fact, but must satisfy themselves by inspection or
otherwise as to their accuracy. No person in this firm's employment has the authority to make or
give any representation or warranty in respect of the property. Floor plans are produced for identification
purposes only and are in no way a scale representation of the accommodation.
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