Located in one of the most sought-after areas of Kyrenia, right next to Girne American University (GAU), this fully furnished 1-bedroom apartment with a current tenant, high rental income, and strong investment potential presents an exceptional opportunity for real estate investors in Northern Cyprus.
Key Advantages
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Walking Distance to the University (100 meters): Just steps from GAU, in a location that is the top choice for students.
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Tenant in Place: Currently rented for £450 per month, generating income immediately upon purchase.
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Fully Furnished & Equipped: Includes modern furniture, appliances, and essential living amenities.
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Mortgage-Eligible & Ready Title Deed: Ensures a smooth and fast purchase process.
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High Occupancy Guarantee: Thanks to GAU’s international student population, vacancy risk is minimal year-round.
Apartment Features
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Type: 1-Bedroom (separate bedroom + living area + balcony)
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Condition: Fully furnished, move-in ready
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Layout: Comfortable and functional living space
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Target Tenants: Students and professional renters
Investment Returns
(Calculations based on a sales price of £82,000)
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Monthly Rent: £450 (with existing tenant)
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Annual Rental Income: £5,400 (6.58% ROI)
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5-Year Total Rental Income: £27,000 (32.93% ROI)
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10-Year Total Rental Income: £54,000 (65.85% ROI)
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ROI Potential: Consistent and high rental income due to proximity to the university.
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Capital Appreciation: Strong potential for long-term value growth in Kyrenia’s rapidly developing real estate market.
Location Advantages
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Walking distance to pharmacy, ATM, market, restaurants, and public transport
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Minutes from Kyrenia city center
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Situated in one of the most sought-after areas for GAU students
📌 Note: This apartment is ideal for investors seeking a buy-to-let property in Northern Cyprus, offering both high short-term rental yields and strong long-term capital appreciation potential.
