Modern City Living in the Heart of Kyrenia

Elite Residence is a completed residential development located in the center of Kyrenia, North Cyprus. Built in 2022 and comprising 38 apartments across two 7-storey blocks, the project offers contemporary urban living within walking distance of daily amenities, supermarkets, cafés, and essential services.

Positioned just 1.5 km from the sea and Kyrenia coastline, Elite Residence presents a strong opportunity for both residential use and long-term rental investment in one of the island’s most established city locations.

Project Location

Elite Residence is situated at the corner of Yenice Street and Kantarcılar Street in central Kyrenia. Its prime city-center position provides immediate access to supermarkets (150 meters), restaurants and cafés within a 1 km radius, schools, hospitals, and public transportation.

Key distances include:

• Sea and coastline: 1.5 km
• Girne American University: 3.5 km
• English School of Kyrenia: 5.5 km
• Akçiçek Hospital: 3 km
• Kyrenia Harbour: 4 km
• Ercan International Airport: 47.5 km
• Larnaca International Airport: 80 km

The project’s central location enhances its rental demand potential and everyday convenience.

Architectural Concept and Living Spaces

Elite Residence consists of two 7-storey blocks equipped with KONE elevators and designed for functional urban comfort. The project offers a variety of apartment types across Type A and Type B layouts.

Available unit options include:

• 1 bedroom apartments (60 m² – 67 m² internal area with terrace options up to 65 m²)
• 2 bedroom apartments (70 m² – 85 m² internal area with terrace spaces)
• 3 bedroom apartments (100 m² internal area with terrace)

The diverse layout options allow flexibility for singles, families, and investors seeking rental-oriented units in the city center.

Investment Potential and Rental Appeal

Being located in central Kyrenia, Elite Residence benefits from strong year-round rental demand driven by university students, professionals, and long-term residents. Its proximity to Girne American University, English School of Kyrenia, and key commercial areas strengthens its stable occupancy outlook.

As a completed project in an established urban zone, it offers immediate usability and predictable rental income potential without construction risk.

Payment Plan

Elite Residence offers a structured and flexible payment model:

• 5,000 GBP, EUR, USD, or cryptocurrency deposit to secure the reservation
• 50 percent down payment within 4 weeks
• Remaining 50 percent payable over 1 year with interest-free installments

This short-term interest-free structure allows buyers to secure a ready property in central Kyrenia without bank financing.

Developer

Elite Residence is developed by Carrington Group, a family-run property developer with over 30 years of experience in North Cyprus. The company specializes in delivering high-quality residential projects with strategic location selection, reliable construction standards, and disciplined project management.

All developments are built using certified materials and supported by a 5-year structural warranty, reinforcing long-term durability and investment security.

Summary

Elite Residence is a completed 2022 residential project in central Kyrenia offering 1, 2 and 3 bedroom apartments just 1.5 km from the sea. With a 50% down payment and 1-year interest-free plan, it presents strong rental potential and urban lifestyle convenience.