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Key selling points
- Reduction of £10,000.00 for quick sale
- At least 28% year on year capital appreciation
- 18% rental income per annum
- 10 year structural defect guarantee
- High standard of construction
- Excellent location
The resort of Turgutreis
Turgutreis is situated on the most westerly tip of the Bodrum Peninsula and is 55km away from Bodrum - Milas airport and 19km away from Bodrum town. It has fast become the second largest settlement on the Bodrum Peninsula, but has managed to retain it's charm, natural beauty and friendly community.
The town of Turgutreis has much to offer those in the market for property ownership abroad. With the recent addition of a 30 million dollar 5 star marina, and its spectacular sunset overlooking the Greek island Kos, Turgutreis has become one of the most sought after sites by both foreigners and local purchasers.
Many property companies in the UK are advising property investors to have a very good look at Turgutreis before parting with any funds toward property investments, not just in Turkey but in the entire Mediterranean. Here are some of the reasons:Â
- Only 20 minutes drive to the west of Bodrum town centre
- Excellent infrastructure, the local council has been internationally accredited for their visionary development plansÂ
- Small enough to have a cosy community spirit and ‘old-fishing village feel’ to it, however, big enough to have all amenities and entertainment you would require.Â
- Some $30 million was spent last year on developing its yacht marina. In Turkey wherever there is a popular yacht marina, that area quickly appreciates in value. Examples are Marmaris, Gocek, Fethiye, Bodrum town.Â
- It actually has a beach unlike Bodrum town itself.Â
- There is plenty of space in and around the town to allow for structured development with adequate green areas which attract wealthy investors.
The Properties
The properties themselves were designed by a British architect and have been built to a standard suitable for the European market.
- They were built using the highest quality materials.
- They have damp proofing and sound proofing.
- They have been built to move with earthquakes and will therefore withstand seismic waves up to 6.
- They come with a structural defect building guarantee for 10 years.
All of the properties have:
- Wiring for air conditioning unit,
- Infrastructure for a central heating system Solar water heating system
- PVC double glazing
- TV aerials in the living room and bedroom.
The going price for this property should be £65,000.00, but the developer is keen to get rid of the two remaining properties, in order to develop again this winter. He has dropped the prices to £55,000.00 each. Two bedroom apartments just 100 metres away from these properties are selling at that price.
The Investment
- On purchase your property is worth 15% more than you paid for it.
- The property value will increase year on year by at least 20%.
- It is tipped to increase by 45% this year following the use of the operational 5* marina
- The properties have a rental potential of 18% per annum.
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