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Istanbul investment 1-beds

Service : For Sale
Type : Apartments
Ref # :
Country : Turkey
Location : City
City/Town : Istanbul
District : Istanbul
Living Area : 42 m2
Plot Size : 0 m2
Floor :
Bedrooms : 1
Price : 49,300 Euros

Status: Available

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Residential Living in the City

 

Sea and city views

Development of 3 blocks and 102 units

Contemporary Design

Sauna, Gym, Swimming Pool, Shops, Parking, Gated entrance

Proximity to city centre and university making it perfect area for investment

Completion 31 December 2011

2-year rent guarantee at 7.5%

70% finance

Cash-flow positive

Prices from 29,500 Sterling

Deposits from 8,850 Sterling

 

On sale block “B”

 

A block of 33 apartments

14 studios

19 one-bed apartments

Elevator

Glass-window staircase

Power generator common areas

Water tank

Gas detectors

Fire system

Sound and thermal insulation

Earthquake detectors

CCTV security

Landscaped gardens

On site management office

 

The apartments

 

Provision for air-conditioning

Natural gas central heating

Sound and thermal insulation

Internet connection

Cable TV

Video Intercom system

Granite kitchen worktops

Breakfast bar

Double glazed PVC windows

Steel entrance door

French balconies

Closed in terraces with glass

Walk-in closet in selected units

Ceramic tiles on kitchen and terrace floors

Laminated parquet in bedrooms

 

The deal

 

30% cash, nothing to pay until completion, then 70% LTV finance

2 years rental guarantee at 7.5%

15 year repayment mortgage @ 6.15% interest

Sterling loan, no currency fluctuations or exchange rates

All money kept in ESCROW account

Approved furniture/electrical pack necessary for rent guarantee (5,500 Sterling for a studio and 6,500 Sterling for a 1-bed)

 

What is available

 

Studios from 29,500 Sterling, reservation 2,000 Sterling, deposit 8,850 Sterling, monthly mortgage 187.44 Sterling, rental guarantee 204.17 Sterling

1-beds from 43,500 Sterling, reservation 2,000 Sterling, deposit 13,050 Sterling, monthly mortgage 276.90 Sterling, rental guarantee 291.67 Sterling

 

Capital growth

 

A very realistic average of 10% - 15% per annum

 

Beylikduzu - Benefits of location

 

Established family-oriented suburb offering a wealth of employment opportunities, amenities and public transport links

Popular with young professionals as a suburb full of aspirations and yet still affordable

Government designated growth area within the Istanbul metropolitan master plan of 2006

Area attractive to residents and investors alike

Population of area forecasted to double to 1million in the next 5 years

2km to the beach

Main Ataturk airport is 17km away, new airport will be 10min drive away

Universities, motorway and shopping malls and hospitals within 5km radius

 

Istanbul an investors destination

 

Number 1 city in Europe for capital growth

Capital of Culture 2010

Population estimated close to 15 million and rising by 250,000 per year

Turkish government forecast the need for 2.5 million new homes by 2015

Anticipated 500,000 new buyers for both commercial and residential property

High rental yields from long-term local tenants

One of the worlds fastest growing economies with GDP averaging 7.5% over the last 5 years

8 million tourists in 2009

 

The potential of Turkey

 

One of top 10 countries to invest in according to the Financial times

15th biggest economy in the world and 6th in Europe

Expected to enter the EU within next 10 years

28 million tourists in 2009 (8 million in Istanbul), 30 million plus forecast for 2010

Golf destination of the year in 2008

 

PLEASE ENQUIRE FOR DETAILS AND AVAILABILITY REGARDING THIS AND OTHER OPPORTUNITIES ON UK tel: +44 161 408 1830, UK mob: +44 7834 918 938, GR: +30 6984 114 115, info@itpropertyconsultants.com, www.itpropertyconsultants.com Skype: itpropertyconsultants


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