March 22nd, 2022

Luxury Afloat Residences

Dear Friends, Family, and Clientele,

Take a look at these perfect sea-views to the Mediterranean in a region filled with quality entertainment, fine dining, golf courses, water sports and mountain hiking trails. The luxury properties come turn-key and have many amenities for the holiday-makers to enjoy on-site. Located in East Kyrenia, in a short driving distance from the urban cities of Kyrenia and Famagusta. Starting from 57,995$!

 

Location: North Cyprus, Island of Cyprus, Mediterranean Sea

North Cyprus;

• The third-largest island in the Mediterranean
• 340 days of sunshine bringing the small population together on outdoor socializing
• Very affordable; allows the lifestyle of the Mediterranean for a fraction of the cost of nearby destinations
• Has very low crime rates and no homeless population
• Being an Ex-British colony, English is a widely spoken language

• Easily accessible from Europe with many one-stop transit flights from the States
• The majority of the population pursue tertiary education
• One of the World’s leading entertainment and leisure centers, with Clubs, Casinos, Luxury Hotels and much more
• Higher Education is the second largest industry in North Cyprus with international students making up the majority. Real Estate is the third largest industry in North Cyprus
• Health services are developed and well managed, with many public and private hospitals around the country. Highest success rates in the fertility treatments.

North Cyprus

Cyprus is located in the Mediterranean Sea to the East of Europe. North Cyprus is on the North Coast of the Island. With 340 days of sunshine a year, it is home to world-class entertainment, beautiful scenery, golf courses, clear sandy beaches and slow islander lifestyle. Easily accessed from Europe, the Middle East, and Central Asia with many direct flights with short and affordable air travel.  

Fresh air, sun and good company will make you fall in love with the island life. The Cyprus has up to 6 months of summer a year, making it perfect for retirement, vacation homes, and investing in holiday rental properties. Low humidity and mild seasons still allow you to enjoy the seasonal changes and activities that it brings.

The short-lived winter allows you to experience the change in seasons; the locals to go on hunting for wild asparagus, mushrooms, and spinach. The red mushrooms and ‘gavcar’ mushrooms are local delicacies enjoyed every year when the season comes. Escargots are also collected in this season, served with lemon, garlic and fresh herbs seasoning.   

Rich history of the island dating back to the Neolithic settlements 8,000 BC has been home for the Romans, Venetians, Byzantines, ancient Egyptians and Greeks where all left behind many historical artefacts and sightseeing’s for year-round enjoyment. You can have a mulled wine or better local ‘sweet-wine’ commandaria by a historic castle after a day at the old bazaar spent exploring.

Famagusta City

Famagusta is a coastal town with a famous trade harbor, the largest student population in North Cyprus, and a historic Venetian Town with castles and churches scattered across. Old-Town Famagusta is home for historical landmarks where the touristic entertainment is integrated into the old-town Famagusta’s traditional shopping bazaars and historic buildings.

The old town is home to the famous Gothic era Saint Nicholas Cathedral, which has a very strong resemblance to the Notre Dame of France, built by the French occupiers at the time. Coronation of the Lusignan rulers as kings of Jerusalem took place here. It is where French queen Caterina Cornaro, the island’s last monarch yielded to the monopolizing powers of the Venetian Republic and abdicated peacefully in 1489. Today her residence welcomes many tourists every day.  

The old town of Famagusta is built in a castle famously named as the Othello Castle as the British writer William Shakespeare is known to write his play in there. It is lit with special effects at night time and receives high interest and visits by literature lovers during day time. Walled city Famagusta is filled with small cafes, wine bars and historic buildings. Many tourists visit the old hammams, venetian palace ruins, dungeons, twin churches and the palace gardens every year.

Old town bazaar has traditional jewelry stores, restaurants that serve international and local cuisine. Some famous patisseries like Petek have been satisfying the sweet-tooth cravings of many for decades on the same alleyway. For food my recommended local dishes would be; Turkish ravioli or Sultan’s delight which is marinated meat served on an eggplant paste with cheese topping. For local deserts; my recommendations will be ‘kadayif’ which is a tasty syrup covered pastry or ‘gullac’ which has milk soaked thin rice sheet layers.

Downtown Famagusta is home to the Eastern Mediterranean University which is the biggest university in North Cyprus with international students booming the student rental demand during the education season. Downtown Famagusta has a popular avenue that has shopping centers, popular restaurants, bars and leisure centers primarily occupied by the local and international students.

Kyrenia City

Kyrenia is the cultural, economic, and tourism center of North Cyprus. It is the second-largest city in terms of population and the largest in terms of tourist and ex-pat population in North Cyprus. It is home to numerous hotels, nightlife, 2 ports, and 2 marinas.

There are 16+ luxury hotels with large casinos in Kyrenia and it hosts an annual culture and arts festival with hundreds of participating artists. It is home to 4+ international universities with a student population of 15,0000+ and there are 8+ hospitals and dozens of advanced fertility clinics.

Kyrenia has been the tourism center for casinos, entertainment, students, and medical purposes for 30+ years hence the multimillion-dollar hotels, universities, seaports, and countless businesses are already attracting the largest tourist and ex-pat community compared to any other city in North Cyprus. Even when one Googles Cyprus, pictures of the scenic old Kyrenia Harbor come up on top of the results. Bellapais Abbey and Kyrenia Castle are also on the top of the list for historical landmarks of Cyprus and both are must-visit destinations.

Some of the famous hotels in Kyrenia are; Lord’s Palace, Colony, Pia Bella, Pasha, Merit, Acapulco, Elexus, Cratos, Kaya Palazzo. Universities in Kyrenia are Kyrenia American College, Final University, University of Kyrenia, Cyprus Science University.

The best private hospitals in North Cyprus are all located here. Kyrenia Suat Gunsel, Medical Port, Kolan British Hospital are just a few of the good ones that come to mind. Because of this, the government has the largest funding to Kyrenia when it comes to tourism, real estate, infrastructure, etc. Private investors are always chasing to get the best piece of land for the next 5-star hotel, university, hospital, or golf complex. There is a big competition among the investors to get a slice of this city that has the highest tourist numbers every decade since the 70s.  

Kyrenia also has seen the largest real estate development among the cities in North Cyprus. This development started from the old town walled city emerging from the old harbor and spread across a straight line to East and West with Eastern towns of Bellapais and Ozankoy gaining higher popularity. The reason for the linear growth is that Kyrenia has a mountain range on one side and the Mediterranean sea on the other, the city and towns lay parallel in between the two. With the steady growth and popularity came the second marina and the third one is on the way.

Next on the line of this growth will be the Esentepe and Bahceli Towns to the East of the city. These towns are the last remaining towns of suburban Kyrenia that is being developed. Following them, the Kyrenia ends and Famagusta begins. This is why we expect a very strong appreciation for this region, the land scarcity. It is the next piece of land to merge and become part of the expanding Kyrenia City.

Kyrenia mountain range

Kyrenia Mountain range has many hiking trails among the pine trees. Due to the geographical positioning of Kyrenia, the mountains are parallel to the sea and every hilltop on these hiking trails gives amazing views to the sea overlooking the green forests. On villages of Karmi and Bellapais, small churches from the British era are located where one can watch amazing sunsets from. The highest point in North Cyprus is the famous ‘five fingers’ mountains, the mountains resemble five fingers and according to a Hero Myth; when Dhiyenis Akritas came to save Cyprus from invaders, he grabbed the mountains emerging from the sea and gave it’s unique shape to it.

Kyrenia mountains are famously home for hidden crusader castles. The most famous ones are Buffavento, St. Hilarion and the Kantara Castles. Saint Hilarion Castle famously inspired the Walt Disney when he was designing the castle in the Sleeping Beauty, attracts many visitors every year. Many tales about these castles told by the locals makes this experience even more magical.

East Kyrenia

• Located between the urban cities of Kyrenia and Famagusta
• 40 minutes from the Historic Kyrenia harbor, castle, and lovely shops
• 15 mins from Korineum golf course, tennis and beach club
•  10 mins from the fantastic Alagadi turtle beach
•  40 mins from the wild Karpaz area, architectural ruins, tombs, mosaics, roman harbor, many unspoiled fantastic  beaches, wild donkeys, crusader castles, and basilicas
•  30 mins from historic Famagusta with its walled city, churches from Crusader times
•  Ercan airport is 30 minutes away
•  Larnaca airport 70 minutes away

East Kyrenia

Coastal towns of East Kyrenia are located between the urban cities of Kyrenia and Famagusta. This is an area great for walking, bird watching, fishing, swimming, snorkeling, exploring castles, the hidden history, and peaceful nature.

Today, East Kyrenia towns are home to scenic nature with the luscious green Kyrenia Mountain range on one side and the beautiful Mediterranean Sea on the other. These suburban towns are located 15 minutes’ drive to the center of Kyrenia City and 38 minutes’ drive from the Ercan International Airport. The region is considered the luxury real estate neighborhood with extravagant and affluent villas in North Cyprus concentrated in this region as well as some low-rise building complexes suited to the Mediterranean architectural style. The high-rises are not permitted in this region to preserve the natural beauty and habitat. Area is home to the most outstanding and luxurious purpose-built Golf resort in North Cyprus. Scuba diving, hiking, camping, or sea turtle hatchling events are some other ways to enjoy nature in this region.

World-renowned Alagadi Beach

Home for the loggerhead and caretta turtles, Alagadi is a world-renowned beach. The soft golden sand and clean waters are one of the few beaches left in the World as clean as in this region that these endangered species can still dig through, lay their eggs and reproduce. Exeter University has a conservation organization in the area. The hatchling season is a celebrated event, with the attendance of many visitors all around the world. Diving with these giant turtles is an experience all swimmers can enjoy.

Low-cost living; One of the best VALUE Mediterranean beach and golf destinations

Away from the high-rise buildings, hustle and bustle of the big cities, one can enjoy a swim in the morning, fresh produce food for lunch, golf in the afternoon, and a tasty dinner with wine at a nearby restaurant right above the sea watching the gorgeous sunset. Your dinner would probably be whatever fish caught earlier in the day, from the sea onto your plate, well of course with some prior intervention from the island-wide renowned chefs.

Live acoustic guitar or jazz can be a nice addition on the weekends. The luxury lifestyle is offered both on and off the golf course in this neighborhood with the most extravagant and affluent villas in North Cyprus concentrated in this region scattered in close proximity.

If all of this sounds good, you would be thrilled to hear that the power of your American dollar over the Lira easily makes all of this affordable with a monthly budget of around $1,500 for a couple. Actually, we might even be over-budgeting here so you might want to add a few trips to the spa and private massage sessions to the list.

All of these reasons made this place the retirement haven or a family vacation home for the Western Europeans for a while now. Not to mention that the weather in Cyprus allows the keen golfer to enjoy the game in year-round sunshine.

Strong appreciation is another factor to consider when buying a golf property under the sun, where demand grows and surpasses supply every year, with some golf destinations in Europe turning members only exclusive clubs to keep up.

East Kyrenia is already on the radar of many local families and ex-pat retirees-to-be due to its close proximity to the city amenities offered by Kyrenia and the suburban lifestyle offered by the developing state of this town.

Activities in East Kyrenia

• Diving / Boating / Kitesurfing
• Golf at the 18-hole championship standard course
• Tennis courts
• Coastal and mountain walking
• Gym & Pools
• Turtle watching
• Spa – available at local 5-Star hotels
• Nightlife in Kyrenia City Center

18 Hole Championship Golf Course, Tennis Court, and Spa Center

Golf Course:

• 18 hole championship golf course, four tennis courts, a very well equipped gymnasium, catering center, spa, and leisure center
• The restaurant terrace overlooking the sea on one side and the Kyrenia mountain range on the other, allows visitors to enjoy the stunning views while enjoying their tasty food and drinks
• The Golf resort has 65 hectares of land scattered with natural Olive and Carob trees and has amazing sea and mountain views from every hole.
• There is a sustainably built ecosystem in the resort where water conservation is prioritized.
• Every hole has five trees to give the players the ability to enjoy their round.
• Some holes are designed around hilltops which allows the player to relax and enjoy the natural beauty of the area and stunning views.

Golf Course

The most outstanding and luxurious purpose-built Golf resort in North Cyprus is built off the coast of East Kyrenia with an 18 hole championship golf course, four tennis courts, a very well equipped gymnasium, catering center, spa, and leisure center. Located 5 miles from the Alagadi Turtle Conservation beach, it offers silky smooth sandy beaches for the residents to enjoy. The region once used to be only known for its pristine beaches, now also became a popular destination for European golfers over the years. The small community in the region enjoys the extensive facilities that this golf resort offers.

The Golf resort has 65 hectares of land scattered with natural Olive and Carob trees and has amazing sea and mountain views from every hole. The golf course is a dynamic 6,232 meters, 72 par gem designed for golfers of all standards and ages. The Paspalum play surface is maintained spectacularly all year round. Strategically placed bunkers and water hazards create an extra challenge for the true golfer to enjoy. Every hole has five trees to give the players the ability to enjoy their round. Some holes are designed around hilltops which allows the player to relax and enjoy the natural beauty of the area and stunning views.

The resort is wildlife-friendly and continuously puts in the effort to contribute to the conservation of the wild animals and endemic flora in the area. There is a sustainably built ecosystem in the resort where water conservation is prioritized.

Luxury Afloat Residences and Club

Luxury Afloat is located in East Kyrenia, North Cyprus. The climate is typical to Mediterranean

weather, due to the sea breeze and pine forests the summer season is very mild as well as the

winter.

Location:

1.6 miles from Esentepe village

3.1 miles to Turtle Beach

4.3 miles to the biggest Golf resort in Cyprus

15 miles to Kyrenia city center

19.9 miles to Fivefingers Mountains

28.5 miles to Ercan Airport

34.2 miles to Famagusta city and Venetian palace

34.8 milese to Lefkosha, the capital

The entire resort covers 21 Acres. Luxury Afloat is a modern residential complex offering semi-detached villas and apartments of various sizes. Located only 1000 feet away from the well equipped beach, surrounded by breath-taking views of the Mediterranean Sea and Mountains. The properties will come turn-key, property management and rental management will both be offered on-site.

The resort will include many amenities, these will include;

• Gym / Outdoor Sport
• Indoor & Outdoor Lounges
• Pools
• Kids Playground
• Tennis Court
• E-Bicycle Road
• Restaurant
• Supermarket
• BBQ Areas
• Beach Bar
• Mini Golf
• Sauna
• Bar

Our developer has a successful track-record as they have delivered a sister resort in the South Coast, with similar amenities which is home to the most popular café and restaurants in the city 

Owner’s will benefit from special discounts at the businesses on-site: 10% discount at all Restaurants & Bars, Water Sport Facilities, Diving & Fishing Activities. Complimentary access to all Swimming Pools, Sports Grounds & Children Playground.

Our developer is also a proud owner of Hygear smart GYM equipment with built-in personal trainer with first Hygear shop being located in LA.  

The main pools are designed with inspiration from the famous Pamukkale hot springs in Turkey, giving its unique signature look.

Popular croissant destination of the South coast, Café Paris will have another location in Luxury Afloat!

Beach Facilities by the Municipality

There are further plans by the municipality to build beach facilities similar to the Long Beach on the South Coast of the island. The planned infrastructure will include designated skating and biking paths, a promenade, traditional bazaar and cafes.

Esentepe village, East Kyrenia has the facilities below in close proximity;

• Restaurants & Bars
• Beauty Salon
• Post Office
• Bakery
• Gas Station Car
• Supermarkets
• Homeware Store
• ATM
• Hospital
• Police Station
• Water Sport Stores
• Esentepe Stadium
• Esentepe High School
• Esentepe Municipality

Site Plan

Exclusive and discounted deal for our readers starting from 57,995$!

Studio Apartment

Studio apartment discounted to 57,995$ with financing reduced from 60,000$

Ground floor apartment with balcony

345 sqft area apartment

Rental potential for beach-lovers, golfers and young travelers

Construction completion in DECEMBER 2023 plus 4 months grace period

Floor plan

Developer financing:

2,000$ non-refundable deposit

15,400$ down payment due in 30 days from reservation date

812$ per month payments for 50 months (interest-free rate)

Return on Investment Projections calculated in USD rates on March 2022;

SECTION A
Purchase Price	$                                57,995.00
Stamp Duty/ Contract Registration (0.5%)	$                                      289.98
VAT 5%	$                                   2,899.75
Title deed transfer 1% (can be 3% next year)	$                                      579.95
Utility Conection	$                                   2,010.00
Legal Fees	$                                   2,010.00
Furniture Pack Ready for Rental	$                                10,050.00
Net Cash Investment	$                                75,834.68
SECTION B
Nightly Price	$                                               67
Occupancy Factor	40%
Occupancy in days	146
Gross Yearly Income	$                                         9,782
SECTION C
Rental Management Fees 10% of revenues	$                                      978.20
Income tax 10% of revenues	$                                            978
Cleaning	$                                            161
Utilities and Repair	$                                      910.80
Home ownership tax 3tl/sq m	$                                         40.00
Annual maintenance of the Resort	$                                   1,125.60
Net yearly rental expenses	$                                   4,193.60
SECTION D
Return on Investment
Net income	$                                   5,588.40
Gross Return on Investment	10%
Net return on investment	7%

Sea-view 2 Bedroom Loft Apartment with roof-top terrace

2 bedroom apartment discounted to 191,995$ with financing reduced from 194,000$

Second floor loft apartment with balcony and roof top terrace

1,055 sqft interior area, 474 sqft terraces

Ideal as a personal living space

Construction completion in JUNE 2022 plus 4 months grace period

Floor plan of the first floor

Floor plan of the loft area

Developer financing:

2,000$ non-refundable deposit

55,600$ down payment due in 30 days from reservation date

2,688$ per month payments for 50 months (interest-free rate)

Reserve your property now with only a $2,000 deposit by simply replying to this email to get in touch with me. Your purchase process will be fully assisted by professionals.

Soylem Coli

Sales and Marketing Manager

Bellapais, Kyrenia, North Cyprus

+905338641652 (WhatsApp and regular)

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