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Astrum Towers

Where Europe meets Asia has never been strategically more important with the emergence of China and India as global economic powers
Real estate for sale or rent

property detail
Astrum Towers - Photo one
Property Type: Apartment Property Site: Seaside
Country: TURKEY City: Istanbul
Zip Code: 0000 Region: Istanbul
Address: Astrum Towers,Istanbul, Turkey Vacation Property (for rent): No
Construction Year:  Surface Area: 
Bedrooms: 3 Bathrooms: 0


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Astrum Towers - Photo twoKey Features

* High Quality development geared towards the local middle class market.
* 75 LTV mortgages are available to non-resident buyers meaning a cash investment of ~£8,250 + purchase costs.
* PWC rate Istanbul as the best location for overall development in Europe and RICS forcasts sustained growth in the Istanbul residential market.
* The Developer has a strong track record in the region and is part of the 6th largest company in Turkey.
* Cash-flow positive with a 70 LTV mortgage with yields expected to achieve between 7- 9
* Year on Year large increases in FDI ~105 in 2006
* Dubai Holdings and Emaar Properties are investing massively in Turkey and Istanbul
* Forecasted Annualised return on capital employed ~ 59

Properties

This select development will offer 1285 apartments set in a secure community and offers a higher quality of property than is currently available to the local emerging middle classes. Our forecasting suggests annual appreciation levels averaging somewhere in the region of 20.

Amenities

* 330 sqm outdoor swimming pool
* Two saunas
* Café
* Restaurant
* Outdoor, covered parking
* Basketball courts
* Fitness centre with aerobics studio
* International Management company—Tishman International

Payment Schedule

* £500 non-refundable holding deposit upon signing reservation agreement
* 30 instalment (less holding deposit) required within 30 days of receiving PSA (and signing of PSA)
* 30 of total purchase price payable on completion of the rough construction (est. Apr 2008)
* 30 of total purchase price payable upon completion of the building (May ‘09)
* 10 upon transfer of the Land Title (estimated 1 month after building completion),


What's on Offer?

* 1-bed apartment (56m2) ~ £33,000
* 2-bed apartment (80m2) ~ £48,194
* 3-bed Apartment (128m2) ~ £60,580






 This Property Is For Sale
 CURRENCY CALCULATOR 
Sales Price: 122400 American Dollars


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Astrum Towers - Photo three
Astrum Towers - Photo four
Furnished: No Dishwasher: No Alarm System: No
Washing Machine: No Hotwater: No Office Room: No
Linnen Supplied: No Pet Friendly: No Tennis Court: No
Balcony: No Gym/Sauna: Terrace: No
Telephone: No Garage: No No No
Ocean View: No Lake View: No Mountain View: No
Ocean Front: No Lake Front: No Cellars: No
Swimming Pool:
Private:No
Public:
 Garden:
Private:No
Public:
 Parking:
Private:No
Public:
Astrum Towers - Photo five Astrum Towers - Photo six

Astrum Towers - Photo seven



There is a total of 41979 real estate listings.

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