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Key selling points
- £6000 off plan discount
- 30% capital gain forecast in Turkey in 2006
- Cultural and Tourism Protection and Development Region
- High Spec build & Flexible use
- Beautiful views of pine clad hills & Akbuk bay
- Good rental potential
Investment Features
Mandalya apartments are being offered for sale direct from the UK developer. The apartments are built to the highest quality standards with double wall and floor construction incorporating sound and heat insulation providing use as a year round home. The quality of the build, internal fixtures & fittings, location and price together with the flexibility of use as an investment, retirement or holiday home make these properties exceptional value for money.
An off plan discount of £6,000 is being offered on the first 6 apartments sold in Blocks A & C.
Block B is nearing completion and these apartments are being offered for sale at the list price.
Block A: 3 bed / 2 bath (list price £54,000) (off plan £48,000)
Block B: 3 bed / 2 bath (list price £54,000)
Block C: 2 bed / 2 bath (list price £48,000) (off plan £42,000)
An instant capital gain of £6,000 will be made on off plan purchases and a further 30% gain on property is forecast for property in Turkey in 2006, leading to a substantial return in investment in the first year alone.
An initial deposit of 30% is required to secure the property. Three further stage payments will be made in line with the progress of the build. Construction of the development commenced in January 2006 and is due for completion in June 2007. All apartments come with a 10 year structural guarantee
Development Information
Mandalya Apartments is a small and exclusive development, nestled at the foot of a mountain pine forest in the peaceful resort of Akbuk on the Aegean coastline of Turkey. The site is slightly elevated providing panoramic views of the surrounding hillside and beautiful Akbuk bay. The development is located only 10 minutes walk from the easily accessible local beaches, shops and restaurants. The site is serviced by the local dolmus (minibus) service which runs at 15 minute intervals until 2am in the summer months.
Property Details
Mandalay Apartments development consists of eighteen individual two and three bedroom luxury apartments with communal swimming pool, children’s pool, sunbathing terraces and landscaped gardens. The accommodation includes spacious open plan lounge / dining kitchen with large terrace, master bedroom en-suite, 1 to 2 double bedrooms and family bathroom. The apartments are finished with natural stone features in the terraces and the development is walled and gated. All apartments benefit from excellent sea, pool and mountain views.
Fixtures & Fittings
The internal finishes are of the highest quality and include wood effect double glazed windows and patio doors, quality sanitary-ware with glass shower enclosures and bathroom accessories included, first class quality floor and wall tiling throughout, modern kitchen units with stainless steel hob and extractor, air conditioning units, light fittings, satellite and telephone connections. All of these fixtures and fittings are included in the sale price and are not charged as extras.
The Region
Akbuk is a small town in the Didim region of Turkey where Turkish traditions are still a part of daily life. The town is backed by pine clad hills rolling down to a vast crystal clear bay edged with a mixture of sandy and shingle beaches which are perfect for water sports and swimming. The town is self contained with local shops, holiday complexes, hotels and a weekly market.
Akbuk is part of the region called Didim which has recently been registered as a Cultural and Tourism Protection and Development Region. There are plans for the construction of golf courses, sport centres and a marina. The development of 5 star all-inclusive hotels and holiday villages within Akbuk are also on the agenda. Didim has many historical and tourist attractions including Apollo Temple, Miletus and Prienne. The region is easily accessible, lying 170km from Izmir airport and 110km from Bodrum. Plans for the construction of a new airport road direct from Bodrum to Didim will reduce the transport time to 30 minutes.
Rental Potential
Didim has experienced a property boom over the past three years with over 7000 thousand Europeans purchasing investment holiday homes and a large number settling in the area. This in turn has led to the availability of good quality rental accommodation which should lead to the establishment of a buoyant rental market. Typical rents achieved are £250 per week for a small apartment and £350 for a villa.
Tourism
The tourist industry is well established in Didim where the population varies from 30,000 in winter to 400,000 in the summer months in line with the tourist season. There are over 30 beaches in and around Didim with safe swimming water attracting thousands of Turkish tourists from inland cities and towns as well as foreign tourists.
Maintenace & Rentals
A year round maintenance and security service will be provided for the development. If the apartment is being purchased as an investment rental property, then an advertising and holiday letting and management service including airport transfers for guests can be provided. If required, full furniture packages can be supplied and assembled ready for use.
Inspection Trips
A 3 to 7 day property inspection trip can be arranged to allow prospective purchasers to view the location of the property and become familiar with the area in which they are looking to purchase. The visit will involve accompanied viewing of the development and will be timetabled to suit individual needs leaving clients free to spend their spare time relaxing and enjoying the Turkish way of life.
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