Condo for sale
£350,000
Karpas Penninsula, Cyprus Property ID: 41693802
Property description
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Multiple properties offering a fantastic investment opportunity!
New to the market are these fantastic 4 x spacious 3 bedroom apartments located in the beautiful village of Esenkoy. Each property consists of the same stunning design, with traditional archways, high ceilings, tall glass windows with natural wooden frames, and generously sized terraces. They all feature 3 spacious bedrooms; the master bedroom with its very own en suite, a living and dining area plus a separate kitchen and family bathroom. Reference No: HP2725
The land on which these fabulous homes reside is approximately a total of four donnums, (just over 5000m2) large enough to have a pool built. It is completely private and secure and is abundant with olive trees.
The village of Esenkoy still holds its natural beauty, unspoilt and filled with wildlife, another attraction is the beautiful valley that heads down to the seafront. Adding to the attractions of the village is the location of the project itself, set along the gateway to the Karpaz peninsular, which is famous for its stunning natural sandy beaches and agriculture. Various restaurants are located along the coastline with one in particular favourite to the locals of Esenkoy, known for its traditional meze cuisine and fabulous views.
This magical place would no doubt make a fantastic buy to let investment as a peaceful and tranquil holiday retreat. Maybe add a pool, add a few more en suites, perhaps offer breakfast services and even extra activities such as yoga classes, meditation classes and nature walks, and this could potentially become an amazing and popular place indeed for both tourists and locals.
Potential returns based on the above additions:
4 x 3 bedroom apartments
(£630 per week for one apartment)
20 weeks prime £50,400 (May, June, July, August and September)
3 months out of season (12 weeks) @ £450 a week = £21,600
TOTAL ESTIMATED GROSS = £72,000 PER YEAR
The Property
Living Room / Dining area - 4.12m x 7.14m
As you enter the property you are greeted by a large open area with a traditional archway. Straight ahead you have tall glass doors with natural wooden frames that leads directly onto the spacious terrace. This room is large enough to act both as a dining and living area.
Kitchen: 1.86m x 2.76m
Located towards the back of the lounge area on the left hand side. The cupboards are of a natural wooden finish with glass windows overlooking the back terrace and the green area. Infrastructure for necessary appliances.
Master bedroom: 3.62m x 4.5m
A generous room with built in wardrobes and tall glass wooden framed doors leading onto the large front terrace.
En Suite: 2.7m x 1.6m
Located in the master bedroom is its very own private en suite consisting of a shower, w/c and a wash basin
Second bedroom: 3.86m x 3.66m
An airy room with large wooden framed windows overlooking the outdoors, allowing plenty of natural light and breeze. Tall doors leading on to the terrace and built in wardrobes.
Third bedroom: 3.33m x 3.62m
An airy room with large wooden framed windows overlooking the outdoors, allowing plenty of natural light and breeze.
Family Bathroom: 2.43m x 1.7m
A nice sized room with a shower, wash basin and w/c.
External
A beautiful area with much potential, currently home to numerous olive trees.
Gated entry and space for a private drive even a mini car park.
The Region:
The Karpasia Region is settled to the North East of the island and is referred to by locals as the 'Panhandle', or Karpaz Peninsula. Karpaz covers a substantial part of the island approximately 80 kilometers in length and 20 in width. Much of the Karpaz is protected land making this one of the most unspoiled lands in the Meditteranean and lies just as mother nature intended with subterranean water reservoirs, so crops including fruit, olives and tobacco are grown in abundance as well as natural deserted golden sandy beaches and home to a number of beautiful animals such as wild donkeys, turtles and even flamingos that stop by in the spring season during their migration. As well as being famous for her natural beauty the Karpaz region also holds one of the most popular classy and elegant places to visit; the Karpaz Gate Marina, which berths over 320 yachts including 65 meter super yachts. Here you can spend a spectacular replensihing day at the beach, or gain your glow by the pool with a cocktail and a end the day with a fabulous meal from the restaurant. Although a known paradise for peace and quiet there are still plenty of beautiful seaside bars and restaurants placed along the coastline and all the amenities required for permanent homes within the two villages of Dipkarpaz and Yeni Erenkoy. One of the most astonishing places indeed.