CAPITAL OPPORTUNITY 236
Famagusta — Income-Producing Assets
Guide £3M–£4M
€ 3.5M–€ 4.7M · $ 3.8M–$ 5.1M · ₺ 162M–₺ 216M
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 income asset near Famagusta: a retail parade of eight units with a supermarket anchor, let on a mix of lease lengths, with parking and a service yard. Presented to investors seeking regular return. The example records the lease schedule, tenant mix and covenant review Northea prepares for income assets. The dossier reads the anchor lease first, because the parade's income and its resilience both depend on it, and then the smaller units in turn.
Why It Matters
- Retail parade with supermarket anchor
- Mixed lease lengths, regular return
- Parking and service yard
Property
| Class | Income-Producing Asset |
|---|---|
| GIA | approx. 3,500 m² |
| Land | approx. 8 dönüm |
| Tenure | freehold title, to be verified |
| Units | 8 retail |
| Operating history | let 7 years, vendor lease schedule |
| Planning status | retail use |
| Basis of figures | vendor lease schedule, dated |
Legal / documentation
| Title information | Under review |
|---|---|
| Parcel information | Not provided |
| Seller identity | Document received |
| Mortgage / encumbrance review | Not provided |
| Building permit | Under review |
| 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 £3M–£4M |
|---|---|
| Estimated acquisition costs | Indicative, on request |
| Basis of figures | Vendor lease schedule, dated |
| Income illustration | Passing rent illustration on request |
| Operating costs | on enquiry |
| Management | Property management to be arranged |
| 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
Lease schedule is the vendor's. Anchor tenant's remaining term and break options determine the income profile.
Illustrative dossiers in this area: Famagusta
