Apartment block - Cerciler, Kas
4 apartments (sold as a lot)

Four properties for the price of one. This is an opportunity to acquire 4 separate properties in one block. The entire block for the price of one apartment. Every floor has a seaview.


The property is structuarally sound and water tight. It needs updating, but at this price one would expect to spend a few bob. Each of the floors have excellent sea views. The property is less than 5 minutes from the centre of Kas with all its amenities.

Briefly

* Three 3 bedroom apartments
* One 1 bedroom penthouse
* All have sea views
* All have fitted kitchens and bathrooms
* All 3 bedroom appts. have 2 balconies
* Penthouse has extensive terrace
* Separate water and electric meters for each dwelling

Details

Renovation work - we estimate that an expenditure between £30,000 - £50,000 will modernise the property to a good standard. A private pool can be built from £12,000.

The property is in a generally good condition. Kitchens and bathrooms require updating

Locally 3 Bedroom apartments have a market value around £90,000 each on a conservative basis and the top floor penthouse will easily fetch £70,000.

Rental Prospects - Kas is an exceptional resort which attracts high calibre holiday makers. There are several quality boutique hotels in the area, however, holiday makers tend to appreciate their own privacy hence rental market is very strong. Based on the low acquisition price on this property, very high rental yields will be possible...