Business, double glazing, natural stonework, wiring for air-conditioning, wrought iron banisters, commercial for sale, 71 sq. mt
Table of Contents Opening Letter The Project Purchasing Retail Specifications Price List Payment Plan Front Facade Ground Floor Plan First Floor Plan Kocanı Site Plan Dear Customers Welcome to The Palm Grou p . We founded The Palm Group with the aim of introducing outstanding properties at below market prices . Within this pack, we hope you will find all you need to know about the purchase of our Palm Plaza development , consisting of nine retail/commercial outlets and four apartments. We believe that our clients must feel happy , relaxed and valued throughout their entire purchasing process. We believe in providing the highest possible standard of service through the development of long-standing, personal relationships with all of our clients. We believe in the client; in listening and providing a tailor-made solution to each client's specific needs. Please feel free to contact either ourselves, or your agent, at any time if you have any questions or queries, or simply wish to have a chat about the options available to you. Yours sincerely, James Perks In 2001 Northern Cyprus experienced a property boom that still continues today. The country's residential capacity has greatly increased and there are now more people living and holidaying in Northern Cyprus than ever before. As such, there is a growing market for retail and commercial businesses to support the ever-increasing demands of the expanding population. With this in mind, The Palm Group have created an outstanding development of nine retail/commercial outlets and four apartments, located ten minutes outside of Kyrenia and just two short minutes from the popular residential and tourist areas of Alsançak and Lapta. Situated on the main road that runs from Kyrenia to Lapta, which is known locally as the `Lapta Road', the properties enjoy a prime main-roadside position, making them ideal units for businesses demanding high visibility and those wishing to attract the busy passing trade. Due to the rapid expansion of Northern Cyprus, retail / commercial outlets (shops and offices) are in great demand . As an investment, they present an exciting and highly lucrative opportunity for the savvy investor. An unfurnished shop/office that costs £59,950, with a covered floor space of 54 m², can expect to achieve a rental income of approximately £500 per month. A fully-furnished villa/apartment that costs £59,950 can expect to achieve a rental income of approximately £300-£350 per month. The length of rental contracts for shops and offices is also generally longer than for residential properties. Most customers renting a shop or office like the security of a long length contract, ensuring that their rates are secured for an extensive period of time. Most contracts are for a minimum of twelve months, although twenty-four month and thirty-six month contracts are currently the most popular . In opposition to this, houses, villas and apartments usually command six month contracts only. The turnaround of tenants within residential properties tends also to be more frequent. On the whole however, a business that has been established within a specific property will be unlikely to move, as clients will be familiar with and associate the property with that business. Leases for shops and offices are also preferable to those for apartments, primarily because, in commercial properties, tenants assume complete responsibility for all maintenance. At the end of their lease, the tenant is also obligated to return the property to the condition in which it was presented to them. So in conclusion, choosing to purchase retail / commercial outlets as an investment, will not only benefit you financially , but will also allow you greater freedom , with far fewer constraints than a residential property would present. Project Development of nine retail/commercial outlets and four apartments Location Alsançak/Lapta Road, Alsançak Title Deed Freehold, Eşdeĝer Title Dista nce from Kyrenia 10 minutes Retail / Commercial Unit sizes 60 m² Availability Four units remaining Apartment sizes 56.7 m² covered area and 14.5 m² terraced areas and/or balconies Availability One apartment remaining Specifications : Extensive use of natural stone on exterior surfaces Mezzanine or galleried floor in retail/commercial units Fully fitted kitchen and WC in retail/commercial units* Fully fitted kitchen and bathroom in apartments* Double glazing to apartments, with white finished aluminium frames Ceramic tiled flooring throughout properties Wrought iron banisters on stairways to mezzanine floor level in retail/commercial units Wrought iron banisters on exterior stairway leading to first floor apartments and on all apartment balconies/terraces Wiring for air-conditioning* Standard lighting throughout * Please note, white goods are not included, but we would be more than happy to provide a quotation for an `electrical / white goods package' if you so desired. Property Type Size Terraces Price Retail / Commercial Outlet 60 m² - £59,950 Apartment 56.7 m² 14.5 m² £29 ,950 Here at The Palm Group, we are dedicated to providing our clients with a plan that suits their needs . With this in mind, we have devised a payment schedule that we feel will be of great assistance to you in the purchase of your property. However, we would like to stress that should this be unsuitable, we would be more than willing to consider a plan suggested by you. Please also be advised that prior to receiving any funds, we will telephone you and provide you with an email containing photographs of the build at the relevant stage (see stages below) in order that you can see for yourself that the agreed work has been completed. Payment One : 5% holding deposit of upon acceptance of a property. Payment Two : A further 25% of total property price upon completion of contracts. Payment Three : 20% of total property price upon completion of the first stage of the build; the `skeleton'. (The `skeleton' constitutes the foundation and construction of the concrete `super structure'.) Payment Four : 20% of total property price upon completion of brick work. Payment Five : 20% of total property price once kitchens and bathrooms have been installed and interior walls have been plastered. Payment Six, FINAL PAYMENT : The remaining 10% of total property price to be paid upon final completion of the property.