• Deeds will be ready to be issued.
• 75m2 of interior area.
• 2 bedrooms apartment
• Located within the city center
• Different color options available in wood applications and ceramics
• Outdoor parking area

·       Elevator located inside the building.

·       Few minutes walk to famous City mall.

·       5-10 minutes drive to famous sandy beaches

·       35 minutes drive to Ercan Airport

·       70 minutes drive to Larnaka Airport

Reference Number: PW0116

This stunning off-plan two-bedroom property is in the heart of Famagusta, offering an exceptional opportunity for both investors and homeowners. Designed with spaciousness and comfort in mind, the apartment boasts a modern open-plan layout, allowing for abundant natural light and an airy ambiance.

Situated just five minutes from the city's famous sandy beach, this property offers the perfect combination of urban convenience and coastal relaxation. Whether you're looking for a permanent residence, a holiday retreat, or a lucrative rental investment, this prime location ensures high demand and excellent returns.

The apartment features two generously sized bedrooms, a contemporary kitchen, and a stylish living area leading to a private balcony with city views. High-quality materials and finishes ensure a sophisticated yet functional living space.

With the project still under development, buyers can take advantage of special investment prices, making this an excellent opportunity to secure prime real estate at competitive rates. The central location provides easy access to shopping centres, restaurants, and cultural landmarks, ensuring a vibrant lifestyle.

Don't miss this chance to own a spacious, modern apartment in one of Famagusta's most desirable locations—perfect for living or as a high-yield investment.

Rental Potential:

Short term: 450 pounds per week

Long term: 500 pounds per month

Payment Plan:

30% down payment

40% monthly payment until delivery

Remaining 30% monthly payment for 24 (interest-free) or 48 months after delivery

The Region

Famagusta is a fascinating medieval walled city with oodles of charm and lots to explore

Thanks to its troubled history Famagusta is in fact two towns rolled into one. The ancient walled city of Famagusta is much as it was over five hundred years ago when Ottoman siege engines lay beyond its walls. Meanwhile the modern day town and port flourishes

Seven hundred years ago Famagusta was the richest city on earth; famed throughout the world for its marjoram magnificence. Famagusta's economy boomed under Venetian rule, fed by trade routes that spanned the globe from England to India. In fact, the city was so well known that Shakespeare chose it as the setting for his play Othello. Famagusta's new wealth spurred on a frenzy of medieval buildings, many of which can be seen today, including: the Cathedral of St Nicolas, numerous houses and the remains of the fortified citadel. However, jealous eyes viewed the city under its Venetian masters, and in 1571 the Ottomans invaded and laid siege to Famagusta. They bombarded it with cannon fire for months, but the strong walls and defensive towers (bastions) kept the invading army out. Eventually the citizens of Famagusta had to surrender or starve to death.

Famagusta soon slid into decline to become a remote 'backwater posting' that normally signaled the end of an official's career. Ironically this neglect preserved the city. Today the shell of the walled city survives; An impressive reminder of a colorful past. The old city is surrounded by one of the best preserved Venetian fortifications in the Eastern Mediterranean. There are plenty of medieval/renaissance buildings that can be visited. Unfortunately most of them were severely damaged during the Turkish siege of the city in 1571. Many cannon balls can still be seen in the fortification walls as well as in the walls of these buildings. Especially noteworthy are the Cathedral of St. Nicholas (converted to a mosque after the Ottoman conquest and re-named Lala Mustafa Pasha Mosque) and St. George of the Greeks church with its frescoes. There is plenty more to see if you stroll around the old town, where there is something of interest in almost every corner of the old town, which has been recently renovated and retains much of its historical appeal.