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» North Cyprus Property Development Reviews

» Property Buying Guide to North Cyprus



enolhta


Joined: 24/06/2011
Posts: 14

Message Posted:
28/06/2011 08:55

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Message 1 of 5 in Discussion

Large 10 room apartment in Nicosia city centre, currently rented, with rental income of 10,500 is available for sale. Property is originally Turkish Title and situated in best area of Nicosia. Price for quick sale 100,000

Phone 0542 876 99 48 or emaqil frank.kennedy@ymail.com



tonykyte


Joined: 19/04/2008
Posts: 270

Message Posted:
28/06/2011 19:09

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Message 2 of 5 in Discussion

Either the rents are very cheap 87.50 per month per appartment if all 10 let. Sounds to me that either not all the appartments are let or rents are not being paid !!!



erolz


Joined: 17/11/2008
Posts: 3456

Message Posted:
28/06/2011 19:14

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Message 3 of 5 in Discussion

Am I missing something here ? Does the original post not talk about a single appartment with 10 rooms ? Even if its 10 appratments dont see how you reach a figure of 87.5 per apratment per month from montly rental income of 10500 ?Anyway seems to me the biggest problem with a possible sale on here would be the need for PTP for non citizens which seem to not be being given on pre74 title currently.



moonshiner69


Joined: 21/09/2007
Posts: 24

Message Posted:
29/06/2011 12:56

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Message 4 of 5 in Discussion

Erolz

I don't think you will find that the 10,500 is a monthly rental return, unless these are luxury apartments being rented at 1050 pm. It would be one hell of a good investment if you could return your 100,000 initial investment under 10 months don't you think? The advert never mentioned monthly/annually rental income anyway.



enolhta


Joined: 24/06/2011
Posts: 14

Message Posted:
30/06/2011 11:20

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Message 5 of 5 in Discussion

Sorry, I should clarify the rental situation. The propertyu is rented to students on 10 month lease so 10,500 is total rent for 10 month period.



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