• Reserve a property for £1500 and pay nothing else till completion!
• 100% finance available – we pay the monthly payments on the 35% deposit!
• 70% guaranteed mortgage from completion
• Join our international rental and exchange programme and we guarantee 70% of the rental income*
• Properties are all fully furnished in a choice of quality fixtures
|Total annual rental
(1.19 exchange rate as at 27 July 2008)
|= 22,769 Euros
|Owner will receive 70% of total rent
||= 15,938 Euros||(£13,393)|
|Based on a property cost of £78,800
|Based on 100% occupancy||= 17% yield|
|Based on 70% occupancy
||= 11,156 Euros
= 12% yield
|Based on a property cost of £95,000
|Based on 100% occupancy
||= 14% yield|
|Based on 70% occupancy
||= 10% yield
Our rental and exchange partner are the biggest in the World. You can be secure in the knowledge your property will be in very good hands ensuring unprecedented returns year on year.
With reunification becoming a real possibility the combination of high capital growth and high yields ensures Whiterocks will achieve excellent investor returns.
Blue C’s major shareholder is IDL (EU) Ltd, a team of highly experienced architects and developers based in St. Paul's London. They have a proven track record for delivering high class architectural solutions both in the UK and overseas. Visit: www.idl.eu.com for further details.
Blue C has a singular vision: To develop property the world over without rival. With Whiterocks in particular they’re determined to introduce a new luxury category of Architecture and Resort Management to Northern Cyprus.
Blue C has selected a unique location to create their five star resort to ensure delivery of excellent long-term capital returns. We offer private investors the opportunity to buy overseas property ranging from 1 bedroom apartments, to luxury detached villas at discounted off-plan contract prices, with guaranteed price appreciation throughout the construction process.
• An astute investment in an internationally acclaimed 5 star resort in a superb location
• A 70% rental guarantee net room share rate, in conjunction with an International award winning rental specialist
• 15% annual capital growth forecast, reunification will hugely increase property values
• Only £1500 to pay, to reserve your property with nothing further until completion
• 10% forecast rental yields
• 100% finance available* We will pay your monthly interest
• The resort will be operated by an International 5 star management company with a proven track record in managing Hotels and holiday resorts throughout the World**
• 70% guaranteed mortgage on completion*
• A choice of quality furniture and fittings
• All properties are fully furnished to 5 star standard in a choice of finishes
*Subject to status. Terms and conditions apply. ** Subject to contract.
Today Northern Cyprus is possibly the most exciting investment opportunity in the Mediterranean. Whiterocks is introducing a luxury level which has no comparison in the Country.
All our properties meet the standards that you would expect from a 5 star International hotel. Blue C Developments will ensure your property is managed to the very highest standard by appointing an independent resort management company with an excellent reputation and proven track record for managing, maintenance and rentals of similar 5 star resorts Worldwide.
How it works:
• £1500 non-refundable reservation fee required for reservation of a specific property.
• 35% deposit required (less £1500) within 45 days of reservation. Should you choose to borrow the deposit the developer will pay the loan repayments including interest until completion of the specific unit you reserved. These payments will then be added to the purchase price upon completion.
• Example: Property price £85,000. £1500 reservation fee paid. The deposit = £85,000 x 35% = £29,750 - £1500 (reservation fee) = £28,250
• Interest on £28,250 @ 6% per annum = £141 per month, paid for 24 months by the developer. £3400 will be added to the purchase price upon completion.
Due to the discounted off-plan price and the high forecast capital appreciation during the construction phase, it is anticipated that the £85,000 purchase price will have grown to a value of circa £98,200 (7.5% capital growth per year over a two year period).
At this point a 70% loan to value mortgage will be available*** allowing you to borrow £68,750. This is clearly ample to pay the outstanding balance of £55,250 (purchase price less £1500 reservation fee and deposit) that you owe as well as the accrued interest of £3000 – from the above example.
Assuming you borrowed the maximum loan to value mortgage available from the above example you would borrow £68,750 on which the annual interest payment would be £5,500 based on a rate of 8%.
Add the initial interest on the £28,250 costing £1692 annually and the total annual payment = £7192 or £599 per month.
This would leave you with a lump sum cash payment of £10,100 which you can use to put toward the deposit of a second investment property.
Just borrow the £55,250 + £3400= £58,650 to complete the purchase. This will cost £4692 annually. Add the £1692 annually for the original deposit. Total £6,384 or £532 monthly. Total mortgage £86,900 against a forecast value of £98,200 an increase of £11,300!
Out going = £532 (monthly) Forecast income from rental = £750 per month, leaving a monthly profit of £218.
*** Mortgages subject to status. Terms and conditions apply.
“At the moment property prices in the North are half of property prices in the South of the island, and a third of hat in Spain. Should reunification happen, property prices, along with tourism are likely to rise rapidly, so would-be early birds should start thinking about investing now.”
Daily Telegraph Online in reference to Cyprus, June 12 2008
If at any time during construction you want to upgrade your property within the resort, Blue C will buy back your property at the price you paid and give you a 5% discount on your new property.*
*Special offers and other discounts or incentives will not apply. Subject to condition of the property.
See the availability section of this website for further details of your dream home or contact us on Freephone (UK): 0800 328 0126 or N Cyprus: +90 392 8155 272 alternatively you can register for updates to be kept informed of special offers and progress in the development.