CAPITAL OPPORTUNITY 202
Kyrenia — Branded Residences
Guide £40M–£60M
€ 47M–€ 70M · $ 51M–$ 76M · ₺ 2160M–₺ 3240M
Currency conversions are indicative and may differ from the transaction exchange rate. Indicative rates as of 2026-09-22.
An example of how Northea presents a property of this class. Figures, statuses and images are illustrative and are replaced by verified material on engagement.
ההזדמנות
An illustrative whole-scheme opportunity: a coastal site near Kyrenia with consent for a branded residential resort of the international hotel-brand type, presented to a developer or fund with the capacity to secure the brand and deliver the scheme. The site, the consent and the outline commercial structure are the subject of the dossier; the brand relationship is the buyer's to bring. The example sets out the diligence Northea assembles for a scheme of this kind.
מדוע זה חשוב
- Coastal site with consent for a branded scheme
- Presented to developers and funds
- Brand relationship for the buyer to secure
Property
| Class | Branded Residences (scheme) |
|---|---|
| GIA | approx. 28,000 m² consented, vendor-stated |
| Land | approx. 70 dönüm |
| Tenure | freehold title, to be verified |
| Units | approx. 120 residences plus hotel component |
| Operating history | none; development site |
| Planning status | consent claimed by vendor, under review |
| Basis of figures | vendor-supplied development appraisal, dated |
Legal / documentation
| Title information | Document received |
|---|---|
| Parcel information | Document received |
| Seller identity | Under review |
| Mortgage / encumbrance review | Not provided |
| Building permit | Document received |
| Planning status | Under review |
| Individual title availability | Document received |
| Completion / final approval | Under review |
| Purchase permission relevance | Under review |
Statuses reflect documents held by Northea. Nothing is presented as verified without documented evidence; independent review is arranged through your own lawyer.
Financial
| Asking basis | Guide £40M–£60M |
|---|---|
| Estimated acquisition costs | Indicative, on request |
| Basis of figures | Vendor development appraisal, dated |
| Income illustration | Development appraisal on request |
| Operating costs | not applicable |
| Management | Brand operator to be secured by buyer |
| Return illustration | Illustrative only, assumptions stated |
Lifestyle and access
The main resort town and property hub of the north coast, with a historic harbour, hotels, restaurants and the densest concentration of apartments and services in the TRNC.
Coastline
Rocky town shoreline with small beaches at Karakum and Escape/Alsancak strip to the west; sandy beaches are a short drive away.
Golf
Korineum Golf & Country Club (Esentepe), about 22 km / 25 min east.
Marina
Kyrenia Old Harbour and Kyrenia Marina (Delta Marina, Karsiyaka, ~20 km west).
Distances and driving times are approximate, by road, in normal traffic.
Media
- High-resolution gallery — On request
- Video — On request
- Floor plan — On request
- Site plan — On request
- Brochure — On request
- Private virtual viewing — On request
שיקולים
The consent, its conditions and its currency are under review. Development appraisals are the vendor's and rest on assumptions not yet examined.
Illustrative dossiers in this area: Kyrenia
