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Property for sale information

 
New Generation Resorts - 9.5% Return per Annum  
Reference nr: MJ586391
Description:

New Generation Resort
• Excellent city centre investment in one of the fastest growing cities in the World.
• Istanbul has been highlighted by the World Bank as one of the top ten cities in the world to invest.
• The opportunity to buy against the weak sterling and receive a 9.5% Net rental guarantee per year for the first 5 years.

The Turkish city of Istanbul is one of the best places to invest in property. Described as being on its way to becoming "one of the most important cultural centres in Europe", Istanbul is Turkey's largest city and is the only metropolis in the world which is situated on two continents. Ozgul Ozkan Yavuz, director of events and organizations for Istanbul 2010, has said that the European Capital of Culture status will be valuable in creating more interest in property in the city much like Liverpool and London.

New generation houses are located in Sekerpinar-Gebze . The development is one of the first up market residential developments in the “advanced technological industry park projects” in the 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. With 314 properties, the build strategy is carefully organized, and the luxurious low-rise apartments will be provided with 24-hour concierge service.
The development will consist of 1, 2 and 3 bed apartments with a 9.5% Net rental guarantee for the first 5 years.
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.
Price start from £62,560.

Location
Istanbul - Turkey

Construction Schedule
Completion is set for December 2010.

Facilities and Maintenance
Maintenance fees are non-applicable if you take the rental guarantee.
Facilites include:
• The Bluetooth integrated shopping centre includes:
• Food courts.
• Pharmacy.
• Laundry services.
• Restaurants.
• The leisure centre includes.
• Indoor and Outdoor pools.
• Bowling Alleys.
• Basketball courts.
• Many other recreational facilities.


Property Management
All property management is catered and free for the first 5 years within the 9.5% rental guarantee if taken.

About the Immediate Vicinity

Being in one of the biggest cities in the world everything is within easy distance.
Sabiha Gokcen International Airport is a 10 minute drive away.

Bedrooms: Bathrooms: Price (€):
0 (studio) 62,560
Features:
City
Private Swimming Pool
Submission Date:
01-14-2009
Advertiser Details:


Name:
McEwan Janet

Company:
The Right Move Abroad

Phone:
(00353)1 8666 168
Fax:

Mobile:
(00353)87 9393224

 
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Calculators

 
Property price: €62,560
 

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