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Property for sale information

 
Gorczewska Park  
Reference nr: SB717362
Description:

PropertyGem have secured an exclusive allocation of superb off plan apartments in the Gorczewska Park development, in the Wola district of Warsaw. These apartments represent an excellent investment opportunity, with the Warsaw property market predicted to enjoy 15-20% capital growth this year.
The developer is offering exceptional terms, with only 10% required on reservation, and the remainsing 90% on completion, which will be in late 2009, giving 24 months capital appreciation, with only 10% committed.

The key features of these apartments are:

A range of studio, 1,2 and 3 bedroom units .

Early stage market with exceptional investment growth potential.

High quality investment built by one of the largest developers in Poland, with an impressive track record.

Exceptional payment terms, with only 10% deposit, and remaining 90% on completion.

Available at £1,593 per square meter.

Entry level price point at £75,412

80% mortgage finance available (subject to status).

Development scheduled for completion in late 2009.

Long off-plan period of approximately 24 months.

About the Developer

The developer has been present on the developer market since 1993. During the last 13 years it has handed over for use over 20,000 properties in Poland. The developer is an active member of the Business Centre Club, Polish Association of Housing Construction Companies (Polskie Stowarzyszenie Budowniczych Domów), National Chamber of Construction (Krajowa Izba Budownictwa), Polish Business Club (Polski Klubu Biznesu), "Teraz Polska" Club. The company is the winner of the 9th edition of "Teraz Polska Competition (2001) for the best services, and its 16th edition (2004) for an original sale system of accessible apartments, the winner of the European Medal, Leader of Polish Business Competition, awards of "Murator publishing house and distinctions of the Minister of Economy.

In 2003 the company was awarded ISO 9001 certificate. Being one of the largest developers in Poland, they occupy top positions in rankings organised by independent media and business organizations. The company holds a secure position among the biggest 500 enterprises in Poland.

Trends in Wola District and Warsaw Prices

Wola is a district in Western Warsaw, Poland, formerly the village of Wielka Wola, that was incorporated into Warsaw in 1916.

An industrial area with traditions reaching back to the early 19th century, it's changing into an office and residential district. Several museums are located in Wola.

This district is located near the City Center with which it has good public transport links. There are many main roads leading to the City Center, which give the opportunity of a fast commute to all parts of Warsaw.

The second metro line in Warsaw is also planned. The opening is expected in the year 2012. It is anticipate that this will completely change the character of Wola.

A large number of companies have decided to locate their offices there. For example the headquarters of several banks, telecoms and the new Hotel Hilton are located in Wola district.

A full investment and information pack is available fro

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 108,032
1 1 116,442
2 1 140,660
2 1 197,540
Features:
City
Submission Date:
10-30-2007
Advertiser Details:


Name:
Stewart Black

Company:
Property Gem

Phone:
0044 20 7430 0262
Fax:

Mobile:

 
Property Photo Gallery

 

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Calculators

 
Property price: €108,032
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations