Park Avenue is a mixed-use residential development currently under construction in the Karakum–Bellapais Junction area of Kyrenia, North Cyprus. Scheduled for completion in 2026, the project consists of 24 residential apartments located above commercial and office units within a strategically positioned urban setting.
Situated just 850 meters from the Mediterranean coastline and within walking distance of universities, hospitals, supermarkets, and public transport, Park Avenue offers strong rental demand potential and early-stage value positioning in one of Kyrenia’s most active residential corridors.
Modern Urban Living in Kyrenia, North Cyprus
Park Avenue is a residential and commercial mixed-use development currently under construction in the Karakum–Bellapais Junction area of Kyrenia, North Cyprus. Scheduled for completion in 2026, the project consists of 24 residential apartments positioned above commercial and office units within a strategically located urban setting.
Situated just 850 meters from the Mediterranean coastline and within walking distance of universities, hospitals, supermarkets, and public transport, Park Avenue presents a strong opportunity for both residential buyers and long-term investors seeking rental demand in a high-activity zone of Kyrenia.
Project Location
Park Avenue is located in Girne Karakum, at the Bellapais Junction, one of Kyrenia’s most accessible and high-demand areas. The project benefits from immediate access to daily services and transportation.
Key distances include:
• Sea and beach: 850 m
• Bus stop: 25 m
• Girne Harbour: 1 km
• Girne University: 1 km
• ARUCAD: 1.5 km
• Cyprus Science University: 1.7 km
• Girne Final University: 2.5 km
• Dr. Suat Günsel Hospital: 1 km
• Akçiçek Hospital: 1 km
• Supermarket: 250 m
• Ercan International Airport: 38 km
Its proximity to universities and hospitals enhances long-term rental stability and occupancy rates.
Architectural Concept and Living Spaces
Park Avenue consists of 2 blocks with 5 floors and elevator access. The first three floors are dedicated to 36 commercial and office units, while the 4th and 5th floors include 24 residential apartments.
Residential unit types include:
• 2 Bedroom Apartments
• 3 Bedroom Apartments
The mixed-use structure enhances value by combining residential demand with active commercial infrastructure.
Investment Potential and Rental Appeal
Park Avenue’s location near universities, hospitals, and public transport makes it particularly attractive for long-term rental demand from students, medical professionals, and working residents.
As an under-construction project scheduled for 2026 completion, buyers benefit from early-stage pricing combined with a 3-year interest-free payment plan. The mixed-use concept further strengthens the long-term value positioning within a growing urban corridor of Kyrenia.
Payment Plan
Park Avenue offers a structured and investor-friendly payment model:
• 5,000 GBP, EUR, USD, or cryptocurrency deposit
• 35 percent down payment within 4 weeks
• Remaining 65 percent payable over 3 years with interest-free installments
This extended installment structure provides financial flexibility throughout the construction period.
Developer
Park Avenue is developed by Carrington Group, a trusted family-run property developer with over 30 years of experience delivering residential and mixed-use projects across North Cyprus.
The company specializes in strategic location selection, disciplined construction standards, and long-term investment-focused developments. All projects are supported by a 5-year structural warranty and a strong commitment to customer satisfaction.
Summary
Park Avenue is an under-construction mixed-use development located in the Karakum–Bellapais Junction area of Kyrenia, North Cyprus. Scheduled for completion in 2026, the project includes 24 residential apartments positioned above commercial and office units within a highly accessible urban setting.
Situated just 850 meters from the Mediterranean coastline and within walking distance of universities, hospitals, supermarkets, and public transport, Park Avenue offers strong long-term rental demand and early-stage investment potential supported by a 3-year interest-free payment plan.
Location
Payment Plan
Park Avenue provides a structured and flexible payment model suitable for off-plan buyers:
• 5,000 GBP, EUR, USD, or cryptocurrency deposit
• 35 percent down payment within 4 weeks of reservation
• Remaining 65 percent payable over 3 years with interest-free installments
This extended installment plan allows buyers to secure a strategically located property in central Kyrenia while maintaining financial flexibility throughout the construction period.
Why Invest?
Park Avenue is positioned in the Karakum–Bellapais Junction area of Kyrenia, one of the city’s most active and consistently demanded residential corridors. Its proximity to universities, hospitals, supermarkets, public transport, and the harbour ensures strong year-round rental demand from students, professionals, and long-term residents.
As an under-construction mixed-use development scheduled for 2026 completion, Park Avenue offers early-stage pricing advantages combined with a 3-year interest-free payment plan. The integration of commercial units below residential apartments enhances long-term area activity and value sustainability.
With limited centrally located land availability and continued demand for urban living in Kyrenia, Park Avenue represents a balanced opportunity for capital appreciation and stable rental performance within the North Cyprus property market.
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