Investment Penthouse Apartment in Gazimağusa, North Cyprus
£139,000£1,230/m²
North Cyprus, North Cyprus, Cyprus
1
bedroom
1
bathroom
113 m²
interior
21,000 m²
plot
Penthouse
property type
1 week ago
listed
The Habio take
AI summaryThis one-bedroom penthouse offers a spacious 113 m² of living area in a popular holiday destination. Located in Gazimağusa, North Cyprus, it benefits from proximity to beautiful beaches and ample sunshine throughout the year.
- beach
- investment
- luxury
- pool
- quiet
Highlights
- Prime investment opportunity
- Fully furnished with modern amenities
- Communal swimming pool and fitness centre
- Close to beautiful beaches
- Located in a peaceful Cittaslow city
Worth knowing
- Car likely needed for daily errands
- Limited information on local schools
Good fit for: Ideal for investors seeking vacation rental potential or a peaceful second home.
Lifestyle scores
- Beach
- 80
- Walkable
- 50
- Remote work
- 60
- Family
- 55
- Retirement
- 70
- Airport access
- 65
- Investment
- 75
- Luxury
- 70
- Value
- 80
About this place
Discover this one-bedroom penthouse apartment suitable for investment in the picturesque neighbourhood of Gazimağusa, North Cyprus. With an internal area of 113 m² and set within a 21,000 m² landscaped complex, this property promises a blend of comfort and convenience. The complex features two-storey residential blocks, with communal amenities including swimming pools, a fitness centre, and a game room.
The penthouse is ideally located just 1.6 km from the stunning coast, and close to local attractions such as the historic Salamis Ruins and the renowned Bedi's Beach. The serene town of Yeniboğaziçi, recognised as a Cittaslow city, offers a peaceful lifestyle while being just a short drive from the bustling areas of Gazimağusa and İskele.
Essential facilities are within easy reach, including medical services at Gazimağusa State Hospital, educational institutions such as East Mediterranean University, and both Ercan and Larnaca airports for international travel. This property comes fully furnished, including a modern open-plan kitchen, satellite TV, and integrated air conditioning, making it an attractive choice for investors in this growing market.
What this place offers
- swimming pool
- air conditioning
- furnished
- garden
- parking
Buying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
