2 Bed Apartment in Istanbul - Ref 638683
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Apartment/Flat Description
The Brief:
Located in Sekerpinar-Gebze Yeni Nesil Evleri New Generation Houses is one of the first up market residential developments in the advanced technological indtopry park area. The project is designed to offer a supreme package for the young executives with high disposable incomes who will be moving to this rapidly developing commercial region. The development will consist of 1, 2 and 3 bed apartments with a 9.5% Net rental guarantee for the first 5 years .
The Property in Brief:
â?¢ High quality modern luxury development
â?¢ All apartments come fully furnished and equipped
â?¢ Finished to highest possible standards
â?¢ Surrounded by recreational facilities and amenities
The Property in more Detail:
New Generation Houses is a prime real estate development in Istanbul. With 314 properties, the build strategy is carefully organized, and the luxurious low-rise apartments will be provided with 24-hour concierge service.
The homes which will be freehold purchases will enable the residents to control everything within their apartment and to request concierge services remotely. The development will have a shopping centre and will consist of conveniences such as food shops, pharmacy and laundry services. The residents will also be able to socialise and mingle with residents at the excellent restaurants and cinema planned in the development.
The service charge payable by the tenant not only includes the maintenance and up keeping of the development but also provides the residents access through a shuttle service 10 minutes away from the development to a fully facilitated leisure centre at a heavily discounted rate.
The Opportunity in Brief:
â?¢ Apart-hotel concept based product
â?¢ Guaranteed 9.5% net rental yield first five years
â?¢ Value expected to at least double in next 4-6 years
â?¢ Anticipated 10-20% capital growth upon completion
The Opportunity in more Detail:
These fully furnished apartments come with a 9.5% guaranteed rental yield for the first five years. This means that even if the value doesn't grow until the global economic recovery begins, you are guaranteed to have made almost half your money back in the first five years. The global recovery is likely to begin long before 5 years has passed.
£62,500 for a luxury capital city apartment is a bargain, and with Turkey becoming the most popular tourist destination in the world, prices will grow to more like they are in other major cities i.e. Paris and Rome. This translates to prices doubling in the next 4-6 years, if not long before.
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€74,806 | £62,560 | US$98,661 (Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment |
| Bedrooms |
2 |
| Category |
New Build |
| Listed |
over 1 year ago |
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Map of Istanbul, Istanbul, Turkey
Real Estate Agent Listing this Property
Towns located close to Istanbul, Turkey
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Price: £62,560
Latest Property News in Turkey
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Price of Property in Istanbul, Turkey
| (All prices in EUR) |
Istanbul |
Istanbul |
Istanbul |
| Apartment/Flat |
18,400 |
8,720 |
370,000 |
3,000,000 |
76,666 |
69,000 |
| Studio |
34,995 |
18,900 |
37,000 |
57,000 |
- |
28,900 |
| New Development |
25,700 |
25,700 |
25,700 |
3,600,000 |
- |
17,000 |
* Calculations based on 81 properties for sale in Istanbul and 1722 properties for sale in Turkey |
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