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Calis Villa - Key Ready 4 Bedroom Villa, Calis, Fethiye JUST £129,500

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Brief Details

A great investment opportunity: Guaranteed 9.5% annual net rental yield for 5 years. The apartments are from 1 to 3 bedrooms. With 314 properties, the build strategy is carefully organised and the luxurious low-rise apartments will be provided with 24-hour concierge services.

The estimated time of completion of the development is December 2009.

KEY SELLING FEATURES!

• 9.5% net rental guarantee for 5 years
• After 5 years sell with no capital gain liability
• Conservative forecasts puts annual capital growth at 25% to 30%
• No service or management fee throughout the rental period
• Price includes quality furniture pack
• Investment incentives introduced by the government are driving investments predominantly through European investment

Location

Located 40km away from Istanbul city centre, 10km away from Sabiha Gokcen International Airport and 35km from Eskihisar harbour Sekerpinar-Gebze is central to the expansion plan, which is the “Advanced Technology Industry park” project. Being that property prices in Sekerpinar-Gebze are less expensive than central Istanbul and that it is an organised industrial zone, it has attracted many blue chip companies over the years.

At present there are over 10,000 companies situated within the Gebze area including; Seimens, Proctor and Gamble, Honda, DHL, Philips, Iszuzu, Alarko Carrier and LG Air Conditioning. These are just some of the foreign capitalised companies that have relocated in the area. The proximity of the development close to the airport, Formula 1 racing track, and two universities makes it a hard location to beat.

Specification

These luxurious residences will range in size from 49m2 to 128m2, while all duplex apartments will measure 182m2. Every apartment will have a private terrace. This means that residents will have plenty of scope to enjoy the outdoor lifestyle that is such a large part of life in this part of Turkey throughout most of the year.

THE DEVELOPMENT CONSISTS OF:

1 Bedroom Apartments
2 Bedroom Apartments
3 Bedroom Apartments

DELIVERY DATE : December 2009

PAYMENT PLAN : 25 % at contract
25% 3 months later
50% on completion

Property Management

24-hour concierge services.

KEY INVESTMENT CHARACTERISTICS

• Guaranteed 9.5% annual net rental yield for 5 years.
• Conservative forecast puts the annual capital growth in the
  region of 25%-30%
• As of 2005, the amount of foreign investments in Gebze Organized Industrial Zone has reached 1.5 billion USD. As of the end of 2005, Gebze Organized Industrial Zone has become a leading Organized Industrial Zone in Turkey with its national and international enterprises, 1.15 billion USD export and nearly 10.000 employees (www.gosb.com)
• Sabiha Gokcen International Airport is a 10-minute drive from Sekerpinar and is undergoing a massive expansion programme, which will expand the present airport by 5 times (due to be completed September 2009) and is expected to reach the servicing numbers similar to those of Attatuk International Airport in Istanbul within a few years.
• In addition to the existing developments in the area the Sabanci group, Turkey's leading industrial and financial conglomerate is currently building a high tech operational headquarters for the group to include Akbank, Carrefoursa, Iklimsa and Teknosa where there will be 7000 employees. This is designed by an American architectural firm and is adjoining the development.
• Dogus Automotive, the distributor for Porsche, Audi, Volkswagen,Skoda, and Seat is moving its headquarters to Sekerpinar and is only 4km away from the development with 2500 employees.
• Sabanci University, which is a private University with a state of the art campus is only 4km away from the development and has 3000 students and 274 faculty members.
• The traffic in and around Istanbul is very heavy, thus employees face long commuting times. Therefore, executives who wish to be close to work seek out high quality housing developments, which is very limited in the area.
• Low utility rates and investment incentives introduced by the government are driving the investment predominantly through European investment.
• Excellent mid to long term re-sale and rental potential.

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