Apartment/condo for Sale in Bogaz

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£88,900 GBP

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Ref 2266031 | Bogaz, Famagusta | 2 Bed Apartment

Currency services provided by Excel Currencies £88,900 GBP  |  €103,240 EUR (Approx)  |  Approx. US$110,487 USD
  • Type: Apartment/Condo
  • Location: Bogaz
  • Province: Famagusta
  • Country: Cyprus
  • Bedrooms: 2
  • Bathrooms: 1

  • 25% DOWN NOW
  • NO NEED FOR A CAR!!!!!

Reference number HP1526

Overview The project offers investors, buy to let business people, holiday home or residential buyers, a chance to invest at this early stage of this prestigious development. The rewards for investing now are well worth consideration. *Note that the developer will increase prices from the discounted list periodically until completion. This means that early investors benefit from a discount of well over 20% from the price list that will apply for the completed apartments. The earlier you reserve the bigger your savings
The planned upward price movements are not increases on the market value but steps towards the finished apartment market value from the discounted off plan base. This provides the built in rewards for early investors many more great opportunities remain but please act quickly.

Key Features
  • Price saving cost advantages of 20% plus.
  • 15 year mortgages available on approval from the Construction Companies bank
  • 10 year mortgages GUARANTEED from the construction company
  • Rental guarantees (If required)
  • Only 25% down payment. (No stage payments before completion.)
  • Quality furniture packages available.
  • Choice of apartment types. *
  • Choice of apartment locations.*
  • A five star life style in elegant surroundings. Accommodation choices designed to accommodate you.

The development is designed around six apartment blocks and an infrastructure that will result in the ambiance and atmosphere that you would expect from a five star resort, indeed, the apartments will not be out of keeping with suites in five star hotels.
Life style by design The upmarket friendly village atmosphere is enhanced by the layout of the village design which is centered upon the magnificent outdoor pool generating a relaxed holiday feel. The planned infrastructure is simply astonishing and adds very substantial value to this investment in a life style choice that will delight both you, your family and guests, or your rental clients. Quite awesome.
Will you ever need to leave the village? Probably not, but you are a short and pleasant drive from many of the attractions that the region has to offer and the local beach is just a few meters away. The best of both worlds beckons.

Reserve early-Save ££££s

The Location The site of this exquisitely designed project, designed and being built by one the biggest and most respected developers in the country, is on the coastal strip at the south facing end of Famagusta Bay. The site, carefully selected, is in the district of Iskele and lies between the thriving village of Iskele, where most amenities such as banks, shops, medical facilities and so on can be found, and the quaint fishing village of Bogaz. The village of Bogaz is now a tourist destination in its own right, famous for the bars and restaurants clustered around the working harbour and the wonderful atmosphere that captivates everyone. Quite magical and a short drive or walk along the beach road from the site of this stunning new complex.

Historic Famagusta, locally known as Gazimagusa, is a short and very pleasant drive along the scenic coastal road. This bustling city, a fascinating mix of ancient and modern, is home to the Eastern Mediterranean University where a large number of lecturers and students add to the pool of prospective rental clients for those interested in this aspect of the investment. Eastwards lies the area of outstanding natural beauty that is the Karpaz Peninsula with some of the world’s finest beaches and the Karpaz Gate Marina being among its many attractions.
What a superb location in which to build a new and ultra-luxurious holiday and residential development!
Stop Press. August 2018 the developer behind this exciting project has just obtained permission to develop the beach area to the front of the complex providing a top class recreational and water sports feature that will add big value to the complex and to your investment. Another good reason to reserve your choice right now.

The facilities that will be offered on site:- On offer, either inclusive or at very reasonable costs, will be:-
  • Airport transfers
  • Taxi service
  • Car rentals
  • City tours and excursions
  • Classy fitted out restaurant area and outside seating area
  • Asian fusion restaurant by night
  • Full a la carte restaurant during the day
  • Special kids menu
  • Bar and snack services to your sun lounger
  • Fiber optic Internet connection direct to your apartment
  • Ducted air conditioning units (No messy boxes on the exterior walls)
  • Laundry and dry cleaning
  • Pool concierge and life guard
  • Indoor pool
  • Outdoor pool with swim to bar area
  • 24 hour manned gated entrance
  • Casino trips
  • Golf
  • Horse riding
  • Tours of the Island
  • Bowling
  • Go Karting
  • Hot air balloon rides
  • Boat trips by day and night
  • Traditional Cypriot nights out with traditional food and belly dancing
  • Kindergarten and evening babysitting services
  • Gym and aqua aerobics
  • Hairdressers salon and hairdresser services to your apartment
  • Beauty Spa with Turkish Hamam and massage rooms
  • Themed children’s activities and play area
  • Outside cinema area
  • 24 hour security
  • Themed entertainment in the evening
  • 3 day trips to Istanbul with site seeing
  • Weddings on the beach (Huge for rentals)
  • Fishing trips
  • Camping trips on the Karpaz Peninsula
  • Beach bar
  • Water sports
The buying options You may simply choose to buy your choice of apartment/s, pay the low deposit and do your own thing. That is perfectly fine.
Contact us to register your interest without delay.
OTHER COSTS INVOLVED IN THE PURCHASE All new properties are subject to 5% vat and 3% transfer at the end of the payment programme. Solicitor’s fees are £1,400 Stamp Duty is 0.5% Electric and water connection £2,000 per apartment. Mortgage arrangement fee of 2% of the property price Mortgages can be applied for in December 2019 for maximum 15 years. Should the customer be turned down for the mortgage, a GUARANTEED 10 year mortgage will be offered from the construction company.
Our potential rental forecast against loan amounts:- There is the opportunity to pay 25% down now and then nothing else is due until December 2019 at completion. At this stage your clients can apply for a 15 year loan with the construction companies own bank at 7% and if this is turned down, they AUTOMATICALLY get a 10 year loan from construction company themselves at 12%.
Our Company will in 2020 take the apartments on for short term lets where required.
Please see the figures below:- For all apartments 25% is paid now, along with 0.5% stamp duty and £1,400 solicitors fees. £2,000 of this amount is paid as reservation and contracts are drawn up and completion takes place on the 25% minus the £2,000 reservation fee within 4 weeks.
YOU THEN PAY NOTHING UNTIL DECEMBER 2019 AT COMPLETION. In December 2019 you have options for the balance:- Cash You can apply to the Developers own bank for a mortgage over 10 or 15 years If turned down you will automatically get the 10 year mortgage from the construction Company no matter what your age or circumstance. The developers own bank the following is required: (@7%)
  • %25 down payment will be met by the buyer
  • Bank loan will be upto %75 of the sale price of the property
  • Security: 1st Legal charge over purchaed property
    • min 1 Personal guarantor for overseas borrowers (can be a foreigner)
  • Overseas Borrowers to produce documents evidencing permanent overseas adresses. (i.e Bank Statement, electricity / gas bills etc)
  • Currecy GBP
  • Interest rate : 7%
  • Loan term : 10 Years but can be extended to 15 years in some cases
  • Arrangement fee : %2 + 0.5% stamp duty
  • In case of English speaking buyers, We prefer, all legal documentations to be signed at buyers solicitors Office after independent legal advice given and witnessed by their solicitors. This will be required at court in case of borrower defaults.
  • House insurance will be done by the Bank

The Developer is offering a 7.5% GUARANTEED RENTAL for the first two years, but our figures have ignored this and are taking advantage of the 8% discount given when the rental guarantee is not taken, this is because short term lets will earn you far higher earnings.

2 BEDS Start at £88,900
£88,900 x 8% = £81,788 x 25% down payment (£20,447) = £61,341 on mortgage. 15 year mortgage if approved = £6,616.20 every year (£551.35month) 10 year mortgage if not approved = £9254.04 every year (£840.47 a month) Every year:- Projected rental MINIMUM £600 per week x 25 weeks = £15,000 With the 15 year mortgage you will cover your mortgage and potentially gross £8,681.52 With the 10 year mortgage you will cover your mortgage and potentially gross £5,745.96
THE NEXT STEP Contact us to register your interest without obligation. If you have one or more specific apartments in mind let us have the block number and flat number/s and we will check current availability and get back to you promptly. Busy Bees, your friendly North Cyprus estate agents most local to this project, look forward to helping you secure your preferred apartments on this fabulous new holiday and residential village complex.
https://[link removed]/watch?v=YYi9ux1it3E

Property Characteristics


  • • 2 double bedrooms
  • • 25% now, balance at completion
  • • 40 Minutes to Ercan & Larnaca Airports
  • • 5 minutes to Bogaz Harbour
  • • 5 Minutes To The Bogaz Harbour
  • • 5 Minutes To The Sandy Beach
  • • Air conditioning
  • • All on site amenities
  • • Beach Bar & BBQ Areas
  • • Beach front development
  • • Beachfront Location*
  • • Bogaz 2 minutes away
  • • Children’s Play Area + Pool
  • • Choice Of Finishing
  • • Choice Of Furniture Package
  • • Close To All Amenities
  • • Close to amenities
  • • Elevator
  • • Ercan & Larnaca Airports: 40 Minutes
  • • Famagusta 20 minute drive
  • • Fantastic Rental Potential
  • • Finance Plans Available
  • • Finance Plans Available
  • • Full individual title deeds
  • • Fully air conditioned
  • • Gated Site With 24 Hour Security
  • • Good size plot
  • • Great Rental Potential
  • • Indoor heated swimming pool
  • • Large communal Pool
  • • On Site Amenities
  • • Open plan lounge/kitchen
  • • Parking area
  • • Payment plans
  • • Plenty of terracing
  • • Pretty Landscaped Gardens
  • • Proven rental potential
  • • Rental guarantees
  • • Rental management
  • • Restaurant and bar
  • • Sea & Mountain views
  • • Sea Views
  • • Top of the market luxury complex
  • • Two or three bedroom options
  • • Variety Of Available Water Sports
  • • Walking distance to beach
  • • Walking distance to supermarkets, restaurants and Cornaro beach
  • 15 Year Payment Plan
  • Beachfront
  • Close to Beach
  • Close To Sea
  • Close To Shops
  • Close To Town
  • Commercial Area
  • Sea Front
  • Town

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