Apartments with 10-year, bank-backed 9% rental guarantee - Antalya - Turkey

Property Details

Description

Antalya is a province located in the southern Mediterranean region of Turkey, nestled between the Taurus Mountains and the Mediterranean Sea. Also known as the “Turkish Riviera” largely due to it’s archaeological and natural beauty, Antalya offers the perfect mix of sun, sea and entertainment. The region boasts the most beautiful and clearest coastline along the Mediterranean and is perfectly zoned for sun during the summer and ski during the winter. It is known to be one of the most prominent tourist destinations in Turkey and accounts for 30% of foreign tourists visiting the country each year.

The Sea by Mountain resort is located approx 3km west of Antalya City rising up in the shadows of the Taurus Mountains. The resort offers spectacular panoramic views across the mountains and will consist of 285 units, including 1, 2 and 3 bed apartments. The resort has been built to a high specification with a contemporary finish. On site facilities including tennis courts, swimming pools, fitness centre and indoor parking, the development will also feature 24 hour security.

The developer are so confident in the resort that they have structured a 5+5 years 9% bank backed rent guarantee to eliminate the risk of rentals not being achieved. During the rent guarantee period no maintenance or service charges are payable by the purchaser and a full furniture pack is included within the deal. We believe the location and structure of the deal speaks for itself and therefore recommend it as strong buy for medium to long term capital growth as well as strong rental yield.

The main features of the investment are:

- Prices are €62,400 for a spacious 2 bed apartment of 78 sq m
- Free furniture pack worth €9,000
- 10 year (5+5) bank backed rent guarantee at 9% net
- No service charges or management costs
- Total capital outlay only  €21,000 inclusive of all fees and taxes
- 70% LTV mortgages on completion with interest rates starting at 4.1%

For more information, view our brochure on http://www.test-pipsdesign.info/seaby/brochure.pdf

Demand for units is extremely high - don't miss this opportunity!