CAPITAL OPPORTUNITY 240
İskele / Long Beach — Distressed Opportunities
Guide £2M–£3M
€ 2.3M–€ 3.5M · $ 2.5M–$ 3.8M · ₺ 108M–₺ 162M
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 distressed sale on the eastern coast: a residential scheme whose developer has ceased trading, with the structure complete and finishing outstanding, offered by the lender or administrator at a price reflecting the situation. Presented to special-situation investors. The example records the ownership, creditor, buyer-contract and cost-to-complete review Northea undertakes where a scheme has stalled. Speed matters in such situations, and the dossier is built for a decision within weeks.
Why It Matters
- Stalled residential scheme, structure complete
- Offered by lender or administrator
- Price reflects the situation
Property
| Class | Distressed Opportunity |
|---|---|
| GIA | approx. 6,000 m² |
| Land | approx. 5 dönüm |
| Tenure | to be verified; encumbrances expected |
| Progress | structure complete, finishing outstanding |
| Operating history | none |
| Planning status | consented, currency to be confirmed |
| Basis of figures | administrator's information, dated |
Legal / documentation
| Title information | Document received |
|---|---|
| Parcel information | Document received |
| Seller identity | Independent review completed |
| Mortgage / encumbrance review | Document received |
| Building permit | Document received |
| Planning status | Under review |
| Individual title availability | Document received |
| 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 £2M–£3M |
|---|---|
| Estimated acquisition costs | Indicative, on request |
| Basis of figures | Administrator's information, dated |
| Income illustration | Completion appraisal on request |
| Operating costs | not applicable |
| Management | Completion contractor to be appointed |
| Return illustration | Illustrative only, assumptions stated |
Lifestyle and access
Fast-growing investment-led coastal district north of Famagusta, dominated by large high-rise apartment complexes along the Long Beach strip.
Coastline
Long Beach: a wide sandy beach with a public promenade running for several kilometres.
Golf
None in the district; Korineum (Esentepe) is about 75 km away.
Marina
No yacht marina; small fishing harbour at İskele/Boğaz. Karpaz Gate Marina is about 55 km north-east.
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
Encumbrances, existing buyer contracts and the currency of consents are decisive and unresolved. Cost to complete is an estimate.
Illustrative dossiers in this area: İskele / Long Beach
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