CAPITAL OPPORTUNITY 211
Kyrenia — Serviced Apartment Hotels
Guide £6M–£7.5M
€ 7.0M–€ 8.8M · $ 7.6M–$ 9.5M · ₺ 324M–₺ 405M
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.
The Opportunity
An illustrative aparthotel in Kyrenia: sixty serviced units with kitchens, a reception, small gym and pool, let on short and medium stays to visitors and to professionals on assignment. Trading steadily with a mixed length-of-stay profile. Presented to yield-led buyers. The example shows the occupancy, rate and cost data Northea reviews, and how it states the assumptions behind any yield.
Why It Matters
- Sixty serviced units, mixed length of stay
- Steady trading with a professional segment
- Yield-led with assumptions stated
Property
| Class | Serviced Apartment Hotel |
|---|---|
| GIA | approx. 4,200 m² |
| Land | approx. 3 dönüm |
| Tenure | freehold title, to be verified |
| Units | 60 |
| Operating history | trading 6 years, vendor accounts |
| Planning status | hotel / serviced use to be confirmed |
| Basis of figures | vendor accounts, dated, unaudited |
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 £6M–£7.5M |
|---|---|
| Estimated acquisition costs | Indicative, on request |
| Basis of figures | Vendor accounts, dated, unaudited |
| Income illustration | Yield illustration on request, assumptions stated |
| Operating costs | on enquiry |
| Management | Existing management; options available |
| 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
Considerations
Yield depends on occupancy and rate assumptions that must be stated. Use class and licence are to be confirmed.
Illustrative dossiers in this area: Kyrenia
