Richmond House II Beylikduzu, Istanbul
Price From: £ 33,000
The Istanbul suburb of Beylikduzu is an established and mainly middle class neighbourhood with extensive shopping centres, entertainment options and beautiful sandy beaches all in close proximity. In contrast to its thriving business and social district, Beylikduzu, Istanbul is also a haven for wildlife, boasting picturesque lakes, forests, running trails and picnic areas. This makes Beylikduzu the ideal area for middle class, young professional tenants that are looking for a balance between ease of access to the city of Istanbul but also a retreat from working life.
Located in the Istanbul district of Beylikduzu,which has one of the strongest growth scenarios within Istanbul, Richmond House II will provide the benefits of living in a well serviced environment within a stone’s throw of the Istanbul city centre. Current price similar projects and price indicators are showing a 30% uplift in values between the off-plan stage and completion, 18 months later. Investing a 30% deposit in this scenario would give you a 100% return on cash invested by the time the project is completed.
High rental yields of 7.25% (Guaranteed for first three years) can be offered due to the acute shortage of rental properties in the area with a high demand coming from young professionals and university students.
As Istanbul’s newest and fastest expanding town Beylikduzu offers sports, cultural and shopping centres and is sandwiched between the main Ataturk International Airport (15 km) and Istanbul’s proposed new 3rd international airport at Silivri, which is just 10 minutes drive away.
Just 5 minutes away you will find Buyukcekmece, which is a very popular day trip and weekend break location from Istanbul. Dotted with long sandy beaches, restaurants, cafes, night clubs, parks, a marina, yachting club and a modern water park. Richmond House II also benefits from being very close to the E-5 Motorway (Bahcesehir exit) providing excellent links to the city centre of Istanbul and the rest of Europe. A new metro link is currently being constructed that will give even faster access to the Istanbul city centre.
Richmond House II is a highly desirable and state of the art building with high quality finishes that will attract good quality, professional tenants. Richmond House II has been designed to maximize rental income and resale desirability/value.
Some of the communal facilities include:
The stylish apartments at Richmond House II have been carefully and professionally designed to maximize rental & resale desirability and resale potential. They have sleek modern lines, open spacious spaces and luxurious modern features, all of which are sure to attract young professional, middle class tenants. From the moment you step in to the reception of Richmond House II, you will be captivated by the modern and high quality features.
Richmond House II Features:
2 Bedroom unit
Located in the Istanbul district of Beylikduzu,which has one of the strongest growth scenarios within Istanbul, Richmond House II will provide the benefits of living in a well serviced environment within a stone’s throw of the Istanbul city centre. Current price similar projects and price indicators are showing a 30% uplift in values between the off-plan stage and completion, 18 months later. Investing a 30% deposit in this scenario would give you a 100% return on cash invested by the time the project is completed.
High rental yields of 7.25% (Guaranteed for first three years) can be offered due to the acute shortage of rental properties in the area with a high demand coming from young professionals and university students.
As Istanbul’s newest and fastest expanding town Beylikduzu offers sports, cultural and shopping centres and is sandwiched between the main Ataturk International Airport (15 km) and Istanbul’s proposed new 3rd international airport at Silivri, which is just 10 minutes drive away.
Just 5 minutes away you will find Buyukcekmece, which is a very popular day trip and weekend break location from Istanbul. Dotted with long sandy beaches, restaurants, cafes, night clubs, parks, a marina, yachting club and a modern water park. Richmond House II also benefits from being very close to the E-5 Motorway (Bahcesehir exit) providing excellent links to the city centre of Istanbul and the rest of Europe. A new metro link is currently being constructed that will give even faster access to the Istanbul city centre.
Why invest in Turkey?
- According to the Financial Times, Turkey is among the Top Ten investment locations in the world today.
- In recent years, Turkey’s credit rating has been increased by 3 financial institutions, including Moody’s.
- Turkey is the 15th largest economy in the world today.
- Turkey is expected to become a full member of the EU within the next 10 years.
- Turkey has a severe housing deficit of some 250,000 units required by 2015 according to The Real Estate Investment Trust.
- 28 Million tourist visited Turkey in 2010 and it is forecast that figure will rise to 30 Million in 2011.
- Capital growth is expected to be 15-25% per annum
- Rental Yields and 7.5% – 10% per annum
- Turkey’s economy is one of the fastest growing in terms of GDP anywhere in the world
- Turkey is the gateway between Europe and the rising economies of Asia
Istanbul – A Property Investment Hotspot
- Istanbul offers fantastic capital growth potential, possibly better than anywhere in Europe
- Istanbul has high capital growth forecast for next 5 years (approx 15-20%)
- Istanbul was Capital of Culture – 2010
- Current Istanbul population est. at 15 million increasing by 250,000 a year
- Turkish government forecasts 2.5 million new homes needed by 2015
- 500,000 new buyers anticipated annually for residential and commercial property in Istanbul
- New mortgage legislation allows overseas buyers and locals to borrow which is driving prices up
- High 7.5% – 10% rental yields
- Rental demand from long-term, local, professional tenants in Istanbul
- Istanbul is the hub of one of the fastest growing economies anywhere in the world today with GDP averaging 8% over the last 5 years
- Istanbul is a regional HQ for blue-chip companies such as Sony Ericsson, Microsoft and Coca Cola.
- 8 Million tourists (Istanbul alone) with a 22% increase for first 2 quarters of 2011
AN IDEAL LOCATION
- 17 km to Ataturk International Airport
- Just 150m to the E-5 Highway
- New metro bus line just 150 metres
- 5 km to sandy beaches
- 50m from Society Bazaar / 1km from Beylik Bazaar
- 800m to Medicana Hospital
- 6km to Water Park
- 1.5 km to football stadium
- 700m to TUYAP Fair & Convention Centre
- 6.3 km to Kuyukcekmece & Buyukcekmece lakes
- 15 large scale shopping centres including Carrefour, Real, Bauhaus, Brand City
- Walking distance to multiplex cinemas
- 500 m to state hospital / 300 m to Medicana Hospital
- 6.2 km to marina
- 2 km to Beykent and Istanbul Universities
FACILITIES
Richmond House II is a highly desirable and state of the art building with high quality finishes that will attract good quality, professional tenants. Richmond House II has been designed to maximize rental income and resale desirability/value.
Some of the communal facilities include:
- 30 commercial shops on ground floor
- Offices on Levels 1 & 2
- 12 residential floors (216 units in total)
- Studios, 1, 2 & 3 bed units available
- Sauna & Jacuzzi
- Turkish Baths
- Fitness centre
- Creche
- Cinema
- Games Room
- Staffed reception, CCTV and 24/7 security
- Satellite TV & Internet
- Rooftop Swimming Pool
- Secure Underground Parking
INTERIORS / FINISHES
The stylish apartments at Richmond House II have been carefully and professionally designed to maximize rental & resale desirability and resale potential. They have sleek modern lines, open spacious spaces and luxurious modern features, all of which are sure to attract young professional, middle class tenants. From the moment you step in to the reception of Richmond House II, you will be captivated by the modern and high quality features.
Richmond House II Features:
- Laminate wood effect flooring throughout
- Modern fitted kitchens with stainless steel appliances
- Granite work surfaces
- Air conditioning and heating
- Sound insulation
- Intercom systems
- Satellite TV & Internet
- Access to onsite facilities
- Secure underground parking
UNIT TYPES AND FINANCIALS
1 Bedroom unit- Top Floor 1 bedroom unit
- From 34.76 sq/m
- Sale price from £49,000
- Reservation Deposit £2,000
- 30% deposit = £14,700
- 3 year rental guarantee @ 7.25%
- £327.36 monthly mortgage payment
- £338.00 monthly rental income
2 Bedroom unit
- Top Floor 2 bedroom unit
- From 55.67 sq/m
- Sale price from £77,750
- Reservation Deposit £3,000
- 30% deposit = £23,325
- 3 year rental guarantee @ 7.25%
- £327.36 monthly mortgage payment
- £501.82 monthly mortgage payment
- £518.00 monthly rental income
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