CAPITAL OPPORTUNITY 241
Famagusta — خصوصی صورتحال
Guide £3M–£4.5M
€ 3.5M–€ 5.3M · $ 3.8M–$ 5.7M · ₺ 162M–₺ 243M
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.
موقع
An illustrative special situation near Famagusta: a partly completed hotel, halted for several years, held by a family that now wishes to exit, with consents that need renewal and a structure that needs survey before any completion plan. Presented to investors comfortable with turnaround. The example shows the sequencing Northea applies: title, consent, structure, then cost, then value. Nothing is assumed; each stage is documented before the next is priced.
یہ کیوں اہم ہے
- Halted hotel, family exit
- Consents to renew, structure to survey
- Turnaround for the patient investor
Property
| Class | Special Situation |
|---|---|
| GIA | approx. 9,000 m² partly built |
| Land | approx. 15 dönüm |
| Tenure | freehold title, to be verified |
| Progress | halted several years, vendor-stated |
| Operating history | none |
| Planning status | consent lapsed or lapsing, under review |
| Basis of figures | vendor estimates, 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 £3M–£4.5M |
|---|---|
| Estimated acquisition costs | Indicative, on request |
| Basis of figures | Vendor estimates, dated |
| Income illustration | Turnaround appraisal on request |
| Operating costs | not applicable |
| Management | Turnaround team to be appointed |
| 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
قابلِ غور نکات
Consent renewal cannot be assumed. Structural condition after years of exposure requires survey before any figure is credible.
Illustrative dossiers in this area: Famagusta
