Luxury Two Bedroom Golf Penthouse (Hotel Concept Project)

Apartment For Sale Description

Perfect for the golf enthusiast. This development sits 100m away from a new golf course under construction and 800 metres from the well established international standard Korineum Golf Course. Set in semi rural surroundings but only a 5 minute drive to Esentepe village and its' facilities, 10 minutes to Esentepe sandy beach and 30 minutes from the hustle and bustle of Kyrenia city centre. Ercan airport is only a 40 minute drive.

These two bedroom penthouse apartments offer living space of 72 m² enclosed and a 10 m² terrace area. The site will have many facilities to include restaurant, bar, and gym. The purchase of a property on this development will entitle the owner to use all of the construction companies other facilities, at other locations.

This is a great opportunity to own and use an aprtment next to a golf club at such a reasonable price or as a fantastic rental income investment. The development will be operated as a HOTEL CONCEPT operation, so the potential for making above average returns on investment is quite exceptional.

Construction of this project commences in June 2024 , with completion due December 2026. There are 96 apartments in total to inclue studios, lort and penthouse apartments. The project is located on the seaside just outside of Esentepe village. The international Korineum Golf course is a literal 5 minute drive away.

The facilities will include outdoor pools, gym, sauna, restaurant and bar.

Payment Plan

VAT Tax - 5% 

1. 35% downpayment Stamp Duty - 5% (To be paid within 21 days of signing sales contract)
2. 20% Floors & tiles Transfer of Title Deed - 12%
3. 20% Doors & Windows Transformer charge - £2500
4. 5% Key handover Maintenance - £90/month Hotel lettings fee - 30%