Whiterocks Resort - Bafra, Northern Cyprus - Purchasing an Apartment

In partnership with Group RCI

Call now 0090 392 8155 272

Register for a FULL Informaion Pack

Purchasing an Apartment

I Want to purchase an apartment in Phase One, what happens next?

What happens next?

Choose your apartment and reserve it over the phone.  Our sales staff can assist you with this.  If you have a specific requirement our staff can work with you to help you choose the best apartment for you.  Alternatively arrange an inspection visit via our sales team.

Explain the options regarding interest payments?

You have 2 options.  1) You raise the deposit either via a loan or cash and pay in the normal manner. Or 2) you raise the deposit via a bank or building society and we undertake to pay the monthly interest from receipt of the payment until possession.  The total interest paid by Blue C is simply added to the price of the property.

What are the options regarding Furniture?

On payment of the 35% you will be given the option of three furniture packages, with everything from your television to your bath towels and wine glasses included in the price.  A schedule of what is included will be appended to the contract.  Further details of the packages can be found on our website

What is rental and exchange?

It’s an entirely new concept designed by an internationally renowned Company to ensure rental opportunity is maximised for investors buying on resorts such as Whiterocks.  In essence you as the owner can deposit weeks of use of your property in exchange for holidays in other World resorts or income.  The points / income table illustrates the potential rental and points value of your property.  Yields of 10% + are standard.

Who are our Partners?

We are not yet at liberty to announce our Partners suffice to say they are a World Wide brand in the tourist industry who will add significant value to our investment.  We believe Whiterocks will be the first resort to launch this new initiative.  We will make an announcement regarding our partner by the end of august

Are there other benefits of the programme?

You will receive a comprehensive ownership pack including a welcome letter, membership card, R&E owner guide, pricing schedule and points table and a points directory in due course.  You will get access to their website, monthly income statements, quarterly points statements etc.  You will also have access to their comprehensive travel services should you wish to holiday elsewhere at any point.

Do I have to pay for membership?

No.  The first two years membership is included.  Thereafter it is your responsibility to renew.  The annual cost is around £150.

What if I don’t want to rent out my property?

That is completely fine.  You are under absolutely no obligation.  Basically you own the property and have the right to do as you please.  We understand that 13 months prior to the anniversary of initial enrolment they will contact you to ascertain your R&E requirements for the following Use Year.

So I pay my 35% first payment.  Then what happens?

We will send you your rental and exchange membership within 6 weeks of signing the contract allowing you to consider booking a holiday elsewhere until your property is ready for occupation.  Then sit back and wait for us to get in touch.  We will endeavour to contact you at regular intervals with updates on progress thro out the course of the build.  Progress photos and reports will be posted on the website.

What can I expect when I get my keys?

Open your front door and walk into a totally completed property.  The furniture will all be in place, fittings all installed and operational and equipment ready for use.  The coat hangers will be in the wardrobe so you can unpack then simply relax.

In the course of selling Whiterocks the following questions / queries have been raised by customers:

How far is it exactly to the beach?

It’s 2000 meters (1.25 miles) in front of the development.  That’s a 25 minute walk.

That’s too far to walk in the summer?

When temperatures are so high we agree it is not practical to walk. Blue C will provide a regular shuttle to and from the beach.  The beaches apart from being golden sand, are all public so access is straight forward.  Our intention is to offer all our customers beach club membership of one of the beach side hotels.  This will allow you to use all their facilities at any time including their casino.

Will I be able to see the sea from my apartment?

ot from all of them but certainly from the majority.  Our staff can advise you on an appropriate apartment if this is a priority.  The views in all directions are magnificent. Hence our decision to introduce two balconies to every apartment.  This allows you to track the sun but also decide on a view to suit your mood. 

Will my views be protected from neighbouring developments?

The site was chosen with this issue in mind.  The land immediately in front of us toward the sea is a designated conservation area.  Immediately behind the land is church owned and therefore safe from future development.  The lands immediately adjacent to the flanks of our development are Government owned.  We have applied to lease these lands and use them for general amenity.  The hillside which wraps around the far end of our site is also being leased.

How long will it take to complete the whole development?

We are programmed to be fully complete in 48 months from September 2008.

Will I be living on a building site?

No.  Phase 1 was deliberately designed as a stand alone development with independent facilities to ensure the quality of living is maintained whilst other phases are completed.  Phases 2 and 3 where the bulk of the building work will happen are at the opposite end of the site. Where possible further phases will overlap to minimise the overall construction programme.

Why should I choose Whiterocks, there are much cheaper developments available?

True.  But you get what you pay for!  As a successful British Architectural Practice we set out to design and develop a resort comparable with the best in the World.  If you invest in Whiterocks you will get a higher specification and finish than any other development on the island.  Our imminent partnership with a major International tour operator bears testament to the quality of our product.

How do we know you will produce a better quality product?

We are about to build a complete block on our site in the coming weeks.  The three furniture options will be available in three completed units.  We believe this will demonstrate that our quality is World Class.   In the meantime typical finishes can be inspected in our Iskele showroom. (5 miles from our site) A typical kitchen and bathroom have been installed to give a good indication of the quality we will offer.  We will keep you updated on the website regarding progress.

 

Will I need a lawyer?

Once you have chosen your apartment and paid the £1500 reservation fee you will have a period of 40 days to pay the 35% first instalment minus the £1500 already paid.  If you buy in the UK you can purchase via your local solicitor who can organise power of attorney for you via the Turkish Republic of Northern Cyprus in London.  Alternatively we can introduce you to a choice of Lawyers in Northern Cyprus who can act as your legal representative. 

What is the benefit of this arrangement?

 Many investors prefer as low an outlay as possible to allow them to purchase multiple properties.  This method allows them to maximise capital appreciation across a number of properties. It’s also an excellent method of making your work much harder for you with very limited exposure financially until the project is completed at which time capital appreciation will have significantly increased your properties value.

What’s the catch?

There isn’t one.  This is a 5 star project comparable with the best available internationally.  The resort is aimed at investors and owners looking to invest in 5 star quality in a similar way to what you would expect if you booked into a five star hotel.  Convenience for our customers is a high priority.

Are the rentals guaranteed?

No.  However we can confirm your property will be exposed to the biggest tourist rental market in the World year after year.  Developers offering guaranteed returns over two years are simply adding the rental to the price of your property.  The comfort of our relationship with an International operator will ensure your property attains optimum rental on a regular basis.  We are forecasting 70% occupancy which would average a monthly rental of £780 for phase 1 properties.

Explain how the points work?  What does 100,000 points buy me?

 Basically points buy holidays.  Points are allocated based on our partners “Global Points Valuation methodology” The points allotted to Whiterocks property is highlighted on the web site.   We will publish a full directory of point values etc on our web site very soon.  To summarise, the higher the season the more points you need to book.  However the later you leave a booking the bigger the discount applicable.  A few examples as follow:

Weeks 10-16 37-38 41-42 in Club La Costa at the Paradise Club Playa de las Americas Tenerife
1 bed apartment - 45,000 points

Weeks 3-4, 18-24 Magens Bay Villas Club US Virgin Islands
2 bed apartment - 27,500 points

Week 1, 2 26, 36, 38 Residence Chamossaire, Switzerland
1 bed apartment - 53,000 points

Weeks 22-24, 37-38 sun beach club Rhodes Greece
1 bed apartment - 42,000

Weeks 48 holiday Bellevue Badgastein Austria   
1 bed apartment - 21,500

Who owns the property?

You do 100%.  The rental and exchange partnership has been introduced to increase owner’s investment potential.  You can decide to sell any time you wish.  You have no obligations to our rental and exchange partner.

Can I inspect the property?

4 weeks prior to practical completion of the unit you will be given the opportunity to inspect the property and advise of any issues you have.  This will ensure the property is snag free on handover.  Blue C will have their own Project Management team through out the course of the build.  Their role will be to ensure the quality of the build is as specified.  Finishes will be very closely monitored.

Send to a friend

Please note that when using Whiterocks Resort 'Send to a friend' feature, absolutely no personal information that you provide is recorded in any way.

For further information please see our Privacy Policy.