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Only 3 units left!
This small development of 24 apartments and penthouses is ideally situated, some 500m from the sea, in the upmarket village of Akbuk, 20 minutes from Altinkum and 50 minutes from Bodrum airport.
Complex will be built in 4 blocks, all with fantastic sea, forest, mountain and pool views. A walk of less than 5 minutes will take you into the centre of this charming fishing village with its shops, restaurants, cafe bars and mini markets. The weekly market, held on a Friday, is within 200m of the complex.
Akbuk is one of the fastest growing tourist areas in Turkey, with approved plans for 3, 5 star hotels and a championship golf course, but with the intention of keeping Akbuk's fishing village character and charm.
The developers purchased this land some years ago, at what now would be considered a very good price. Consequently, we are able to offer you luxury apartments and penthouses, with full air conditioning, Jacuzzi at possibly the best prices currently available in Akbuk. Akbuk offers a "laid back" quiet lifestyle with fishing harbour, marina and a number of restaurants, ranging from Turkish Pide (Pizza) to upmarket seafood. If you fancy a night out "on the town", Altinkum, with its bar's and nightclubs beckons, with the Dolmus (mini bus service) running up to 2am in the summer months.
APARTMENT FEATURES
- 70sqm.
- 1 Living Room
- 2 Double Bedrooms
- 1 Bathroom
- Fitted Kitchen
- TV and Telephone Points
- Air Conditioning to Living and Bedrooms
- Large Terrace
- Double Glazed Windows
- Large Shared Swimming Pool
Location
Development is situated some 500m from the sea and 200m from the village centre with its traditional Turkish shops and eateries.
DESCRIPTION
Luxury, at a stunning price. This fabulous new development will make an ideal holiday home, rental property and middle to long term investment. These fantastic 2 bed Apartments and 3 bed Penthouses are designed and built in a modern style by one of the best builders in the area.
In total there will be 16, 2 bed Apartments on the ground and first floor and 8 Duplex Penthouses on the second and top floors. All apartments and penthouses will have sea, mountain and forest views and will all look out over the beautifully landscaped gardens and large freeform swimming pool.
In line with other developments we offer, this development will have a practical layout and an above standard finish. Construction is planned to start at the end of the 2007 summer season and be finished by September 2008. The annual maintenance fee will be approximately £400.
INVESTMENT POTENTIAL
As well as being a great place to spend a holiday, this development should prove to be a fantastic investment opportunity.
Over the past 3 years the capital appreciation of properties in the area has averaged just over 27% per annum. By the time the apartments are finished (September 2008) the developer expects the price to have risen by between 27% and 30%.
So, if you were to purchase an apartment at £34,990, by completion the value would have risen to £46,653 (@ 25%). If you kept the property for 3 years you would expect the property to be worth £103,674 - a profit of £68,684.
The apartments are ideal for rental and with a summer season of almost 9 months one could expect a rental return of between 8% and 10% per annum. At 8%, over the 3 years this would make £11,187.
Opportunities like this unique development in Akbuk do not come along very often. There are only 24 units, don't miss out, act now!
COSTS AND FEES
You will need to allow for the following fees:
Solicitors fees £250 (approx)
Aegean Army clearance £200
Translator £80
Notary £70
Power of attorney £120 (approx)
Electrical connection £125
Water connection £190
You will also need to pay the Buyers Tax of 1.5% of the sale price.
The above fees will need to be paid on signing of the contract.
There will be no more additional fees or charges.
Payment Terms
With this development we offer you a refundable reservation fee policy which enables you to hold an apartment for up to 30 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first installment. We will only retain 10% as an administration charge if you wish to withdraw from the purchase within 30 days. We will accept verbal reservations which are valid for 72 hours.
The refundable reservation fee is €3,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first installment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.
Payment will be made in 3 easy installments:
40% upon signing the Preliminary Contract of Sale
40% five months following contract signature
20% upon completion
Discounts are available for more up-front payment plans.
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