Yeni Erenkoy Boutique Hotel Project

£15,000,000

Yeni Erenkoy, Iskele, North Cyprus

9+ Bedroom

5+ Bathroom

4500 m²

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Sale Price £15,000,000
Listing Number 114455
Status For Sale
Agency ReferenceC-YER01
Price / Square metre£3,333 / m²
Title Deeds Exchange Deeds
Gross Land Area5,500 m²
Price / Acres £3,649,091

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Land For Sale Description

YENI ERENKO HOTEL & ACCOMODATION PROJECT (GOLF COURSE POTENTIAL)

The sale of this project comes along with the purchase of an existing company. The project is designed over two phases and a little over 200 donums of land. The sea side land of just over 100 donums on which there is a construction visa already issued for the development of a 150 room boutique hotel and a further 250 bedroom hotel in second phase, is leased from the state on a 50 year lease on a peppercorn rent. This land fronts the sea and has 3 separate golden sand beaches; one of these beaches runs to a length of 950 metres. Construction permits and incentives have been obtained. There is a further 96 donums of land owned by the company adjoining this land with the potential for a further 70,000 m² of construction available. Permits for this further development would be required and a casino/golf project would be possible. Of the 200 donums, 150 donums have construction zoning. This is a fantastic development opportunity and interested parties can apply for further information.

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