Altinkum -Prices from £40,000
SELANIK APARTMENTS - Ten year rental guarantee
The resort of Altinkum
Selanik apartments are located in the resort of Altinkum which is on the Aegean coast of Turkey. It is an hour’s drive from the airport of Bodrum however can also be accessed via Izmir airport within an hour and a half. The resort has seen a major transformation in the lastfive years, moving from a resort mainly relying on tourism within the summer months to a resort that is booming and now open all year round. The boom has resulted in a large demand for rental properties by workers flooding in from the nearby towns to work. The expansion of the resort has been helped by many factors including the new 52 million dollar marina being built and ready to open in 2009. The construction companies are also doing well building properties to cope with the huge demand by foreigners buying and the Turkish Government introducing the mortgage system in 2007. The industries related to the property boom such as government buildings, furniture stores, restaurants and estate agents have also helped to attract workers to the resort. As the resort is still in the process of developing this is reflected in the property prices which are cheaper than all the other developed sea side resorts in Turkey and has also lead to The Financial Times recommending Altinkum as ideal for long term investments.The Selanik apartments will be located in the heart of Altinkum in an area known as Yenihisar.All amenities including the hospital, main bus station, local markets, restaurants, supermarkets and government buildings make it an ideal location for people looking to rent property.
SELANIK APARTMENT FACILTIES
• PVC double glazing
• Mosquito nets
• Electric water heater,
• Laminate flooring,
• Communal lift,
• Balconies,
• External security locking door,
• Fully fitted kitchen
• Extractor fan in kitchen,
• Coving on ceilings and
• Tiled floor throughout.
• Fully fitted bathroom
• Intercom entrance system
Selanik apartments are for sale direct from the builder so there is 5% discount off the stated property price. It is also been sold with a guaranteed rental return for ten years of 400YTl per month for the three bedroom apartments and 350YTl for the two bedroomapartments. The rental guarantee increases every year by 10% and for those looking for an investment, this is an ideal choice. Depending on the exchange rate at the time, the rental guarantee is approximately 8% a year. Buyers have the option to have their rental returns deposited into a high interest Turkish savings account withapproximately 16% interest. The rental will be paid for eleven months and the 12th months rental will used for maintenance and upkeep of the building.
The apartments will each measure 101m2 and will consist of a seperate kitchen, spacious livingroom, 2 or 3 bedrooms and a bathroom, they will be decorated in neutral creams and beige with laminate flooring in the rooms. In the building there will be total of 20 apartments and two duplex apartments. Apartments are available on the ground, first or fourth floor.
Construction date will be September 2010 allowing flexible payment plansto suit the buyer. The builder has built a number of properties within resort and holds Kascert and qatechnic certificates complying to all building standards and regulations. It is a 10 minute walk to all amenities in resort including the main bus station, local shops and restaurants. It is a 30 minute walk to the main beach of the resort of 15 minutes on local transport.
Prices:
Two Bedroom Apartments from £40,000
Three Bedroom Apartments from £44,000
Finance and Payment options
Payment dates can be flexible to suit the customer.
- 25% deposit
- 25% - second payment
- 25% - third payment
- 25% to be paid upon completion which is September 2010
Extra costs when purchasing
- £450.00 water and electric connection fee
- £300.00 solicitors fees or customer can use solicitor of their own choice
- 1.5% buyers tax to be paid when the title deeds are ready for completion,
- 1.5% buyers tax will be paid by Pehlivanoglu construction.
Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceoverseas.com cannot be held responsible for any inaccuracies.