CAPITAL OPPORTUNITY 214
Famagusta — Student Housing / PBSA
Guide £7M–£9M
€ 8.2M–€ 11M · $ 8.9M–$ 11M · ₺ 378M–₺ 486M
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 purpose-built student block near the university quarter of Famagusta: three hundred beds in studios and cluster flats, a common room, study space and laundry, let on academic-year contracts. Occupancy has been high through several cycles. Presented to income-focused investors. The example shows the tenancy data, university relationship and building-management points Northea reviews. Term dates, summer letting and the accommodation guarantee, if any, are set out so that the income can be read against the academic calendar.
Why It Matters
- Three hundred beds near the university
- Academic-year contracts, high occupancy
- Income-focused
Property
| Class | Student Housing / PBSA |
|---|---|
| GIA | approx. 9,000 m² |
| Land | approx. 4 dönüm |
| Tenure | freehold title, to be verified |
| Beds | approx. 300 |
| Operating history | trading 5 years, vendor occupancy and rent roll |
| Planning status | residential / student use to be confirmed |
| Basis of figures | vendor rent roll, dated |
Legal / documentation
| Title information | Under review |
|---|---|
| Parcel information | Under review |
| Seller identity | Document received |
| Mortgage / encumbrance review | Not provided |
| Building permit | Not provided |
| Planning status | Under review |
| Individual title availability | Not provided |
| Completion / final approval | Not provided |
| 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 £7M–£9M |
|---|---|
| Estimated acquisition costs | Indicative, on request |
| Basis of figures | Vendor rent roll and accounts, dated |
| Income illustration | Rent roll illustration on request |
| Operating costs | on enquiry |
| Management | Existing manager; options available |
| Return illustration | Illustrative only, assumptions stated |
Lifestyle and access
Walled port city and university town (Eastern Mediterranean University) on the east coast, with a large student rental market and mid-priced apartments.
Coastline
Glapsides and Salamis beaches to the north; city beach at Palm Beach beside the fenced-off Varosha district.
Golf
None in the city; Korineum (Esentepe) is about 80 km away.
Marina
Famagusta Port is a commercial/ferry port; no yacht marina in the city.
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
Occupancy depends on university intake, which the dossier cannot guarantee. Rent roll is vendor-supplied and dated.
Illustrative dossiers in this area: Famagusta
