Thalassa Beach Resort - Apartment Property

Property for sale in Northern Cyprus: A choice of apartment property for sale in Bafra, Northern Cyprus. Located on the
beachfront with excellent payment plan. On the finest beachfront in Northern Cyprus, on the southern aspect of Karpas
Peninsula lies the magnificently appointed Thalassa Beach Resort. Bafra- through tourism-is fast becoming an economic hot spot.
The coast is alive with tasteful developments including 5 star hotels, restaurants, casinos and swimming pools.

Apartment and block specifications will include the following:

• Double glazed windows and doors
• Air conditioning
• Fully fitted kitchen with fridge freezer and cooker/hob
• Laminate flooring to all bedrooms
• Marble/porcelain effect flooring to lounge/dining, kitchen, bathroom and en-suite
• Ceramic wall tiling in kitchen, bathroom and en-suite
• Quality floor tiles and solid walls to outdoor terraces and balconies
• TV points in lounge and bedroom
• Internet Wifi and satellite connections
• Lift systems within all blocks
• External staircases to all penthouse roof terraces

When fully completed, Thalassa Beach Resort will provide the following facilities:

• Aqua resort with large communal pool
• Private beach with water activities
• Children’s activity area
• Lagoon with water sports
• Spa
• Gym
• Turkish bath
• Massage Area
• Sauna
• Restaurant/Beach Bar
• Management offices
• Retail/Commercial area

PAYMENT PLAN - MAINTENANCE COSTS - PURCHASE COSTS & TAXES

Construction Timing and Completion Dates

Completion March 2010 (+/- 6mths)

Loan Facility

Loans are available on all apartments over £50,000 stg. If
the loan is not required and full payment is made over the build period a 5%
discount from the purchase price will be given. Please see payment plan below
for more details.

	All Apartments		For Apartments  £50K to £100K using loan facility	For Apartments over £100K using loan facilit
Reservation Fee	£1,000		£1,000	£1,000
On Exchange of Contract	25%		25%	25%
Completion of Skeleton	35% plus £1000 towards desalination plant.		25% plus £1000 towards desalination plant.	20% plus £1000 towards desalination plant.
Ceramics	£10,000		15%	10%
Balance	Balance on possession		Balance repayable @ 5.9% over 10 years	Balance on possession or @ 5.9% over 10 years

 

VAT
and any balance or adjustment, on completion.

Investor Discounts

For investors purchasing multiple properties the following
discounts apply:

Number of properties purchased:          Discount on the sale price %

                         3                                                          3

                         4                                                          4

                         5                                                          5

                         6                                                          6

                         7                                                          7

                         8                                                          8

                         9                                                          9

                        10 or more                                           10

Maintenance Costs:

3 Bedroom apartments/ 4 Bedroom Penthouse apartments:

• Deposit of £1,440 due on possession
• £360 in advance every six months (monthly rate £60 from
  possession)

3 bedroom apartments with pool:

• Deposit of £1,800 due on possession
• £450 in advance every six months (monthly rate is £75 from
  possession)

2 Bedroom apartments:

• Deposit of £1,200 due on possession
• £300 in advance every six months (monthly rate is £50 from
  possession)

1 Bedroom apartments:

• Deposit of £960 due on possession
• £240 in advance every six months (monthly rate is £40 from
  possession)

Studio apartments:

• Deposit of £720 due on possession
• £180 in advance every six months (monthly rate is £30 from
  possession)

Desalination Plant

• £1,000 due with skeleton payment as a contribution towards
  the desalination plant.

Utility Services:            

Electricity:                     £25
per month              (estimated cost
based on

Water rates:                  £4.50
per month             average consumption)

Utility connections and meter charges are the responsibility
of the purchaser.                

Purchase Process:

1. Select desired apartment
2. Secure your chosen property with a £1000 reservation fee*
3. Instruct Lawyer (We do not endorse any specific lawyers, but
   can provide a list of lawyers previously used by our clients)
4. Lawyer conducts searches and reviews Contracts of Sale
5. Contract to be signed and Exchanged within 30 days of the
   reservation date. (subject to our terms and conditions)
6. 25% payable on Exchange of Contracts

Estimated Purchase Costs & Taxes

0.5% Stamp Duty, calculated against the sale value if paid
within one month of the date of the sale contract. After this time the rate
increases to 1.5%.

6% Transfer Tax, however every person has a once in a
lifetime option to reduce this to 3%. Once this option has been used transfer
fees on all future purchasers by that person will be 6%.  Payable on the transfer of title.

5% VAT  payable on
possession

Capital Gains Tax does not apply to the sale of your first
property

If you would like more information
about our property for sale in Northern Cyprus or have
any questions in regards to owning or buying a property in Northern
Cyprus then please feel free to contact us.

Properties in this development

Facilities near this development

Hospital & Medical Emergency, Doctors surgery, Dentist, Parks & Gardens, Car Parking, Golf course, Swimming Pools, Childrens Playgrounds, Outdoor activities, Beach / Coast, Bars & Nightclubs, Restaurants, Cafe & eateries, Hotel, Shopping centre, Other

Facilities in this development

Parks & Gardens, Gym, Spa, Childrens Playgrounds, Other

Facilities in this property

Satellite, Air conditioning, Garden, Communal swimming pool

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