no. 1 knightsbridge istanbul
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No.1 Knightsbridge Istanbul, Turkey
7.5% GUARANTEED NET YIELDS INVEST FROM £12,000
An introductionThis is a unique opportunity to invest in one of the most exciting and rewarding
residential markets in Europe. Available at 50% below completed prices with a
2-year 7.5% protected rental guarantee.
In Istanbul an expanding population and rapidly rising middle class are placing
current housing stock under extreme pressure. Turkey requires an estimated
500,000 new housing units per annum whilst constant migration to the largest
city means 250,000 units are required in Istanbul alone.
No. 1 Knightsbridge presents investors with an opportunity to enter into the
severely undersupplied Istanbul residential market. The Financial Times places
Turkey as one of its top 10 investment locations and the European Union
have officially announced that the country will become the fastest growing
economy in Europe during 2010.
Teaming up with an award winning architect and local developer with a
substantial track record of success, this selection of Studio, 1, 2 and 3 bed units
is available for investors at 50% below completed prices - with a 2-year 7.5%
NET protected rental guarantee.
Key investment data
70% LTV Mortgages Available
A maximum of one-fifth (20%) of the units will be sold to Overseas Investors
Total Investment from £41,000 (fixed in sterling)
Very close to major transport links, employment, beaches and amenities
The other 80% will be sold to the local market nearer completion at a 20% price increase
2 year 7.5% NET protected rental guarantee
Available pre-launch at 50% below prices upon completion
Annual housing deficit is estimated at 250,000 units p.a.
Prices fixed in sterling – zero currency exposure
Invest with as little as £12,300
After July 9th 2010 all unsold units will be subject to the full 20% price increase
Time Limited Pre-Launch Opportunity
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The Investment
No. 1 Knightsbridge has been specifically selected by Property
Frontiers in order to give our clients the option to invest in a
unique and exciting development in Istanbul. We have been
given access to a selection of stunning apartments in this
unique building that will benefit from sea and city views.
Designed in contemporary style by award winning architect
Metin Hepgüler, these apartments are upmarket and tastefully
finished. They are designed to attract young professionals from
the area as well as overseas investors.
On site facilities are extensive. They include an indoor
swimming pool, coffee houses on the terraces with decorative
pools, saunas, Turkish baths, a fitness centre, shops, and meeting
rooms. There are extensive landscaped gardens (2000m²) and
services include valet parking, laundry and house-keeping,
gated entry and on-site security.
Knightsbridge No 1 is located at the heart of the city’s vibrant
cultural and social life. Yet it is also an oasis of tranquillity
in an urban setting. As a mixed use building, it will include
commercial and office space as well as residential apartments
– a city within a city, providing local employment as well as a
convenient and easy lifestyle for the residents.
Proximity to the city’s amenities, Beykent University and the
E5 motorway is making the area very popular for permanent
residents, whether tenants, first-time buyers or established
property owners. Knightsbridge No 1 is the ideal choice for
a prime residential area, with great potential for growth and
a very strong exit strategy. It is due for completion in August
2013. With this time limited pre-launch opportunity investors
can look forward to significant capital uplift in the short term
and a strong yield on their long term investment.
Investment highlights30% Deposit, 70% LTV
2 years rental guarantee of 7.5%
15 year mortgage based on 6.15% interest
Sterling loan: no currency fluctuations or
exchange rates
This is a full repayment and interest mortgage
over a 15 year term
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Strategically placed where Europe meets Asia and East meets West, Istanbul has
long been seen as the powerhouse of one of the region’s largest economies.
With an estimated 18 million people living within its boundaries and an annual
population growth of 4% (some 400,000 inhabitants arrive each year), the
demand for homes is at an unprecedented level. Combine this with a rapidly
emerging middle class and Istanbul presents one of the most exciting investment
prospects anybody could add to their portfolio.
At both national and regional levels, proactive and stable government continues
to make great strides in upgrading the city’s infrastructure and communications.
This year, their efforts will be rewarded as Istanbul becomes European Capital
of Culture, placing it firmly on today’s European and global maps. The city is
culturally diverse, with a rich artistic and architectural heritage as the former
capital of the Ottoman Empire and the acknowledged centre of today’s Turkic
speaking world, which extends through central Asia to the border with China.
At the same time, it is a modern European city and a regional centre for higher
education, science and medicine.
Economic Growth
No.1 For City Development Prospects*
Very Low Unemployment
Rapidly Emerging Middle Class
Staggering demand for homes
European Capital of Culture 2010
Large investment in infrastructure
*According to PriceWaterHouseCoopers
The locationKnightsbridge No1 is located in Beylikdüzü, which is part of the Büyükçekmece district of Istanbul. Beylikdüzü is one of the most rapidly growing areas of the city. It combines all the advantages of a residential suburb, close to the beach with a convenient proximity to the city centre. Local services are excellent, making the area increasingly attractive to both local and overseas residents. Price indicators for the area show a 30% growth on current projections from off-plan to completion in 18 months.
There is also an acute shortage of rental properties in the area. Beylikdüzü is Istanbul’s newest and fastest growing district and this is reflected in the growth of its sporting, cultural and shopping facilities. It lies between Istanbul’s main Ataturk International Airport (15 km away) and Istanbul’s proposed third International Airport at Silivri, only 10 minutes by car from Knightsbridge No 1.
The seaside resort at Büyükçekmece is five minutes away and is popular for day trips or weekend breaks. Its long, sandy beaches are dotted with restaurants and cafes. There are also nightclubs, parks, a marina and a yachting club.
Knightsbridge No1 is very close to the E-5 (Bahcesehir exit), which provides primary links to the city centre and Europe.
Why Invest in Istanbul?
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Purchase
Studio 32.24 sq m
On Completion
Purchase Price From £46,500 Purchase price (includes VAT, white goods, air con and furniture)
£15,485Deposit (30% incl. legal’s & notary costs)
Mortgage (minus £2,000 res fee) £30,550
Closing costs £1,898
Income
Guaranteed Income year 1 @ 7.5% (Bonded) £3,488
£3,488Guaranteed Income year 2 @ 7.5% (Bonded)
£2,365Mortgage per annum**
£1,123Annual Surplus p.a.*** years 1 & 2
£4,650Projected Income year 3 onwards (before inflation)
£2,285Annual surplus*** year 3 onwards
** 20 Year repayment mortgage at 4.58% (15 year term common, max age 70)
*** All costs paid by tenant (mgt fee, service charge etc.)
Financial breakdown
Next steps
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THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised
to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of
the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales
particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on
any journey to see a property.
Small print
To reserve a unit or discuss this investment in greater detail please contact Property Frontiers
call 01865 202 700email [email protected]
CALL +44 (0)1865 202 700 O
R EMA
IL INFO
@PRO
PERTYFRON
TIERS.COM
7.5%
GU
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VEST
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M £
12,0
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