The Mistral Apartments

Transcription

1 The Mistral Apartments NEW RELEASE Early bird prices from 44,500 FREE furniture pack PROMOTION BUYERS INVESTMENT GUIDE The Mistral apartments are an award winning development of beach and golf apartments in the town of Gulluk on the Bodrum peninsula. t: e: w:

2 The Mistral Apartments The Mistral Apartments are one of the premier lifestyle investment choices on the Bodrum peninsula. Offering a 365 day lifestyle Gulluk is perfectly located for both beach and golf. Ideal for holidays or as a rental investment. Features Mistral is an award winning development. 45 Luxury 1, 2 or 3 bed apartments. Gulluk, the property hotspot of Turkey. 10mins drive to Bodrum International Airport. 5 minutes walk to the town and beach. 3 local Golf courses only 10minutes away. Tennis, volley ball, swimming and fitness Fantastic sailing and a new marina planned. Designed for easy living and easy rental. Full Concierge and rental service on site. Large private terraces all with sea views. All apartments available fully furnished. 1 bedroom apartments from just 44,999 2 bedroom apartments from just 64,999 3 bedroom apartments from just 79,999 3

3 a great place to invest why Turkey? You will have no doubt read a lot of hype about the property market in Turkey. Some information is at best misleading other reading more realistic. Turkey is undoubtedly a rising market but we prefer to let you reach your own conclusions rather than quote capital growth figures. We would, however, like to quote some facts to help you in your decision making. Despite recent press coverage about Turkey s slow road to EU accession the good news is that these hold-ups have not had a negative effect on Turkey s economy or housing market. A recent article in the International Herald Tribune (06/12/2006)* entitled Turkey s economic future looks bright, stated: regardless of the outcome, most analysts believe that the underlying strength of the Turkish economy will help the country pull through, even though its pride may be battered a bit. Turkey is the 1 6th largest economy in the world with an expected GDP of $382 billion, which puts the Turkish economy ahead of Belgium, Switzerland and Sweden in Turkey is also among the top seven emerging markets. Research for Price Waterhouse Coopers regards Turkey as a faster-growing market than China, India and the rest of the so-called E7 countries. As economic growth translates into increased spending power, there will be a strong upward pressure on property prices. In recent years the economic transformation in Turkey has been dramatic and the country is now more stable economically and politically than ever before. Turkey has been a member of the United Nations since and a member of NATO since It has also been a secular state since where religion and the state are separate. In October 2005, Turkey met all of the Copenhagen Criteria, the political criteria which are the prerequisites for starting the full EU membership negotiations. These negotiations have had a positive effect on foreign investment. Even with EU talks not going as quickly as hoped, the efforts made already have been enough to show their determination to improve the country s economy and become a world player. * reports/reu.php Capital Gains There is no capital gains tax on the sales of property in Turkey after a period of 5 years ownership. In the event you sell your property within the 5 year period there is personal income tax on the gain after the inflation adjusted acquisition price Taxation Treaty There is a double taxation treaty in place between Turkey and the UK so you will only pay tax once on rental income and capital gains from your properties in Turkey. Annual Property tax There is an annual real estate tax of 0.1% of the property value Income from UK pensions is not taxed in Turkey and can be freely transferred from the UK. Personal income tax in Turkey ranges from 15-35% depending upon the income. Please contact your financial adviser for further details. 4

4 About Gulluk The Mistral Apartments The town of Gulluk on the Bodrum Peninsula Gulluk was, until recently, the undiscovered gem of the Bodrum peninsula. Located at the north of the peninsula, Gulluk is becoming the location of choice for a growing number of holiday-makers and foreign investors. Just 10 minutes drive from Bodrum International airport and 25 minutes drive from Bodrum town, Gulluk is an enchanting mix of old world charm and modern amenities. Unlike many areas on the Bodrum peninsula, Gulluk is a thriving community throughout the year. Its many seafront restaurants are open all year round, catering for locals and tourists alike and offering great value for money. Overlooking the bay of Gulluk, the development provides the benefit of peace and tranquility, whilst being just 10 minutes walk from the hustle and bustle of the town centre. The area around Gulluk has a lot to offer whatever the season. The historic sites of Iassos and Bodrum provide a cultural backdrop to the many leisure activities available. With the Aegean on your door step sailing, windsurfing, scuba diving and fishing are readily available. The new Vita park Golf course is just 10 minutes drive from flipflops, and is the just the first of many courses planned for the area. And of course Bodrum town is easily accessible for those looking for the late nightclubs bars for which it is famed. With 300 days of sunshine, a temperate climate and a cooling offshore breeze Gulluk offers the perfect location for laid back living. The average temperature in summer can rise to the mid 30 s with the temperature rarely dropping below 10 C in winter. Humidity is low throughout the year. Gulluk is located just 10 minutes drive from Bodrum Milas International Airport. There are regular direct flights from most UK airports during the summer season (April to November) and flights throughout the year from Manchester, Birmingham and Gatwick distances Town Beaches Bodrum Milas Airport Vita Park Golf course Bodrum Town 500m 700m 10km 10km 30km 5

5 Tourist Map of Gulluk The Mistral Apartments Scale in metres IASSOS BODRUM AIIRPORT GULLUK The Mistral Apartments NET HOLDINGS GOLF VITA PARK GOLF GUVERCINLIK MUNCULAR YALIKAVAK BODRUM TOWN TURGUTREIS 6

6 Why Gulluk We have chosen Gulluk as the location for the Mistral Apartments not just for the great views and amenities, but also for its investment potential. Just like our buyers, we too are looking for the best value locations that offer great potential for capital growth. So what makes Gulluk such a great place to buy? A property hotspot The property prices in established areas such as Bodrum and Yalikavak, have risen dramatically over the last three years. These high prices have caused an overflow effect which has led to buyers looking for better value in the surrounding areas. Gulluk has started to benefit from this overflow and is now seeing a massive rise in popularity. Local investment Over the past 1 2 months, sparked by the relocation of the commercial port and plans for a new private yacht marina, Gulluk has proved a hotspot for property investors. The local municipality is firmly committed to establishing Gulluk as a holiday destination of choice and is actively promoting tourism in the area. This pretty fishing town is already benefiting from new shops, restaurants and bars. In addition Palm Beach, which is the nearest beach to the Meltemi Residences, is being extended to provide greater space and amenities. Golf courses The Vita Golf course in Tuzla is the first of many planned for the area. The Vita development compromises two 18 hole golf courses the first of which is due to open in Net Holdings has also started construction on a third course close to Gulluk. These planned golf developments will undoubtedly benefit local property prices over the proceeding years and help extend the tourism season for those considering rental income. Restricted development Development in Gulluk is restricted to low rise stucco buildings and with the limited availability of land, Gulluk is unlikely to be over developed, keeping property prices at a premium in the future. Mortgages New legislation has been passed by the government allowing mortgages for the local population from Gulluk is already a popular holiday destination for the Turks, with many having weekend and holiday homes there. Its proximity to the airport makes it easily accessible for the emerging middle classes in Istanbul and Ankara. Furthermore, the availability of mortgages will undoubtedly contribute to the local market becoming more active. 7

7 A 365 day lifestyle If you think flipflops are just for the summer then think again. 8

8 The Mistral Development The Mistral Apartments are one of the premier lifestyle investment choices on the Bodrum peninsula. It has been specifically designed for those people looking for a low entry, low hassle route to property investment abroad. The Mistral Apartments and its sister development the Meltemi Residences have been created to tick all the boxes for easy ownership and easy rental. This family friendly development not only has the best facilities in the area it also offers an onsite concierge service specifically to make managing and renting your property as convenient as possible. In addition the development has already won a coveted International Property Award for best Architecture and was highly commended by What Green Home for it s creation of a development that was not only ecologically sustainable but also socially and economically. 9

9 Development highlights Off Plan Pre Launch Prices FREE FURNITURE FOR A LIMITED PERIOD 1 bedroom apartments from just 44,999 2 bedroom apartments from just 64,999 3 bedroom apartments from just 79,999 Location 300 days sunshine pa. Flights throughout the year Close proximity to airport Close to new Golf courses Gulluk active all year round High & low season activities Apartments Luxury 1,2 & 3 bed apartments High quality finishes Large private terraces Full sea views 10 Luxury complex Freeform swimming pools Children's pool area Jacuzzi & pool bar Sun beds & terraces Restaurant & bar Children's play area Beach volley ball Fitness centre Tennis court Rental Support Guest meet & greet service English speaking Concierge Laundry & cleaning service Rental management Rental support Finance Mortgages on completion Flexible payment plans Completion December 09

10 Stunning Views All the Mistral Apartments have stunning unadulterated sea views and large private terraces, perfect for dining, sunbathing or simply just relaxing. Overlooking the town of Gulluk, with stunning views of the Bay oand the famous Aegean sunsets, the development is peace and tranquillity. Just 5 minutes walk to the town centre with its cosmopolitan shops, bars, restaurants and beaches the Mistral apartments are perfectly located. For the more active the new golf courses are only 10 minutes drive with the Vita Park course the first to open and offer pay and play. A third 18 hole course is under construction on the out skirts of Gullluk by Net Holdings and once complete will provide an excellent addition to Vita Park. Bodrum and the surrounding areas are within easy reach and for the more adventurous Istanbul is only an hours flight. 11

11 The Development B A E D C MAIN POOL AREA RECEPTION BAR& RESTAURANT FITNESS PLAY AREA TENNIS 12 APARTMENT BLOCK C BED 2 BED 3 BED The Mistral Apartment Guide APARTMENT BLOCK A BED 2 BED 2 BED 1 BED APARTMENT BLOCK D BED 2 BED 3 BED APARTMENT BLOCK B BED 2 BED 2 BED 1 BED APARTMENT BLOCK E BED 2 BED 2 BED The Mistral apartments all share the fabulous sea views and all the facilities of its sister development the Flipflops Meltemi Residences. This development has an unparalleled level of amenities for Gulluk which is attracting both the lifestyle buyer looking for that perfect holiday apartment as well as the investor looking for an attractive rental package. On Site Facilities 2 swimming pools children's pool area children's play area jacuzzi & pool bar sun beds & terraces restaurant & bar beach volley ball fitness centre tennis court reception area 24/7 Concierge laundry& cleaning rental management

12 The Apartments All the Mistral apartments are available fully furnished in a contemporary European style using cool, neutral colours and light wood veneers. This provides you with a perfect blank canvas on which to apply your own personal style. Much of the furniture is made to our own bespoke design with house wares and fabrics sourced from the best local and European suppliers. The images shown are indicative of the style and finish of the apartments. The kitchens feature fully fitted birch or white units and a breakfast bar. Also included is an integrated electric oven, hob and extractor fan. Stainless steel sink and chrome taps, fridge freezer and electric water heater. All the bedrooms have large double beds, fully fitted wardrobes and dressing tables where illustrated. The family and en-suite bathrooms include contemporary bathroom suites, walk in shower units and floor to ceiling ceramic tiling. All apartments have high quality Crema Marfil ceramic flooring throughout. The main feature of all apartments are the large terraces with ample space for dining and sunbathing and of course those magnificent sea views. 13

13 Mistral 1 bedroom 44m2 of laid back living Our one bedroom apartments are made for relaxing in the sun, complete with large master bedroom, plenty of storage, contemporary fittings and light, spacious open-plan living area. Our apartments are all finished to a high standard The kitchen features fully fitted birch or white units and a breakfast bar. The bathroom includes a contemporary bathroom suite, walk in shower unit and floor to ceiling ceramic tiling. All rooms have high quality Crema Marfil ceramic flooring throughout for that cool contemporary feel. All the terraces have magnificent sea views with space to dine an sunbath in privacy. 14

14 Mistral 2 bedroom 70m2 of calm sophistication Two bedroom tranquillity with a sea view from the large master bedroom, an open-plan living area and a second double bedroom. Plus, of course, the large generous terrace. The kitchens feature fully fitted birch or white units and a breakfast bar. The family bathroom includes a contemporary bathroom suite, walk in shower units and floor to ceiling ceramic tiling. All apartments have high quality Crema Marfil ceramic flooring throughout. The main feature of all apartments are the large terraces with ample space for dining and sunbathing and of course those magnificent sea views. 15

15 Mistral 3 bedroom A three bedroom retreat, perfect for families and entertaining guests. With a master bedroom enjoying sea views and an en suite shower room, two more spacious double bedrooms, large living area and a sun terrace big enough for everyone. The kitchens feature fully fitted birch or white units and a breakfast bar. The family and en-suite bathrooms include contemporary bathroom suites, walk in shower units and floor to ceiling ceramic tiling.. 85m2 of elegant living 16

16 The Furnishing Packs In addition to the designer furniture packs available for each apartment type there are a range of option packs that allow you to refine your living experience. Option Packs ( prices available on request) Twin Room Upgrade Up grade your double room to a twin room 2 x single bed frames 2 x single mattress 2 x head boards 1 x side table 2 x single duvets 2 x mattress protector 2 x white duvet cover 2 x white sheets Entertainment Pack We will be offering a range of TV, DVD and music options for your apartment. Due to the rate of change in the electronics market specifications and prices will not be set until Dec 08. Rental Pack For those wishing to rent their property on a regular basis our rental pack includes upgraded fabrics for all soft furnishings and a spare set of linen and towels for each bed. Guest Pack For those of you looking to accommodate additional or occasional guests this is a great option. Sofa bed upgrade 1 x double duvet 2 x pillows 1 x mattress protector 1 x white duvet cover 1 x white double sheet 2 x white pillow cases 2 x bath towels 2 x hand towels 2 x dinner plates 2 x side plates 2 x bowls 2 x cups & saucers 2 x mugs 2 x wine glasses 2 x tumblers 2 x Cutlery setting Cool Pack Flipflops apartments are perfectly located to catch the cooling on shore breeze of the Meltemi during the summer months. If however you require air conditioning this is available as an option.

17 The Furnishing Packs Our furniture packs have been created with design and convenience in mind. Much of the furniture is made to our own bespoke design with house wares and fabrics sourced from the best local and European suppliers. 1 bedroom apartment 2 bedroom apartment Living area 3 Seat sofa Coffee/side table Side Console 2 x bar stools Full length curtains Bedroom Double bed frame Mattress Head board & side tables 2 x table lamps Built in wardrobe & shelving Coat hangers x 10 Dressing table Mirror Window blind Linen 1 x double duvet 2 x pillows 1 x mattress protector 1 x white duvet cover 1 x white double sheet 2 x white pillow cases 2 x bath towels 2 x hand towels House wares 4 x dinner plates 4 x side plates 4 x bowls 4 x cups & saucers 4 x mugs 4 x wine glasses 4 x tumblers 1 x glass jug 1 x mixing bowl 1 x 16 piece cutlery set 1 x knife set 1 x can opener 1 x corkscrew 1 x pan set 1 x frying pan 1 x salt & pepper set 1 x cheese grater 1 x chopping board 5 x tea towels 1 x dustpan & brush 1 x mop & bucket 1 x waste bin 1 x kettle Patio White patio table 4 x white patio chairs Living area 2 x 2 Seat sofa Coffee/side table Side Console 4 x bar stools Full length curtains Bedroom 1 Double bed frame Mattress Head board & side tables 2 x table lamps Built in wardrobe & shelving Coat hangers x 10 Dressing table Mirror Window blind Bedroom 2 Double bed frame Mattress Head board & side tables 2 x table lamps Built in wardrobe & shelving Coat hangers x 10 Dressing table Mirror Window blind Linen 2 x double duvet 4 x pillows 2 x mattress protector 2 x white duvet cover 2 x white double sheet 4 x white pillow cases 4 x bath towels 4 x hand towels House wares 6 x dinner plates 6 x side plates 6x bowls 6 x cups & saucers 6 x mugs 6 x wine glasses 6 x tumblers 1 x glass jug 1 x mixing bowl 1 x 16 piece cutlery set 1 x knife set 1 x can opener 1 x corkscrew 1 x pan set 1 x frying pan 1 x salt & pepper set 1 x cheese grater 1 x chopping board 5 x tea towels 1 x dustpan & brush 1 x mop & bucket 1 x waste bin 1 x kettle Patio White patio table 4 x white patio chairs 18 3 bedroom apartment Living area 3 Seat sofa 2 seat sofa Coffee/side table Side Console 6 x bar stools Full length curtains Bedroom 1 Double bed frame Mattress Head board & side tables 2 x table lamps Built in wardrobe & shelving Coat hangers x 10 Dressing table Mirror Window blind Bedroom 2 Double bed frame Mattress Head board & side tables 2 x table lamps Built in wardrobe & shelving Coat hangers x 10 Dressing table Mirror Window blind Bedroom 3 Double bed frame Mattress Head board & side tables 2 x table lamps Built in wardrobe & shelving Coat hangers x 10 Dressing table Mirror Window blind Linen 3 x double duvet 6 x pillows 3 x mattress protector 3 x white duvet cover 3 x white double sheet 6 x white pillow cases 6 x bath towels 6 x hand towels House wares 8 x dinner plates 8 x side plates 8 x bowls 8 x cups & saucers 8 x mugs 8 x wine glasses 8 x tumblers 1 x glass jug 1 x mixing bowl 1 x 32 piece cutlery set 1 x knife set 1 x can opener 1 x corkscrew 1 x pan set 1 x frying pan 1 x salt & pepper set 1 x cheese grater 1 x chopping board 5 x tea towels 1 x dustpan & brush 1 x mop & bucket 1 x waste bin 1 x kettle Patio White patio table 4 x white patio chairs

18 Investment notes PRE LAUNCH PROMOTION We have a limited number of FREE furniture packs available for early investors worth 1000 s. Please ak your agent for details. Capital appreciation Turkey has seen significant prices rises over the last 5 years since foreign ownership was permitted. In 2008 property prices in areas such as Bodrum have started to plateau due to over development whilst property hotspots such have Gulluk are still rising strongly. The main attraction of Gulluk is that its rising prices are not just attributable to the general rising market but are driven by fundamental changes to its infrastructure and the local golf developments. The relocation of the commercial port and the heavy commercial traffic associated with it has brought massive touristic investment. With plans for a new marina the town of Gulluk is being rapidly transformed from a commercial centre to a premium holiday destination. The construction of 3 local golf courses are having a dramatic effect on the local economy with considerable investment being targeted at the anticipated Golf tourism from both local and international markets. Price comparatives. There are currently a number of Turkish developers operating in Gulluk and developments vary in quality and location. There are no developments in Gulluk Town that offer a similar level of amenities to the Mistral apartments and none that afford all their apartments full sea views. Typical prices in the area start at 1200 Euros/m2 rising to over Euros for a prime penthouse apartment. On the opposite side of the bay of Gulluk is the Horizon sky project which whilst offering a good range of amenities is relatively in accessible unless by boat or a long drive. It does not benefit from the convenience of the golf courses or the ease of access to the shops, restaurants and bars of Gulluk. Prices start around 1200 Euros rising rapidly. The Mistral apartments offer fantastic value and start at 1100 Euros m2. When you look at the location, views, design, amenities and service you won t find better value in the area. 19

19 Renting made easy Seeing a return on your investment is an important part of overseas property investment, as such The Mistral Apartments have been created with this in mind. Whether you intend to rent your apartment direct or through our lettings service we believe that the price, location, apartment design, amenities and customer support provide the best opportunity in the Bodrum area. the rental season The main tourism season in Turkey starts in late May and finishes at the end of October. During this period there are charter flights running from the majority of UK airports. The last 12 months have seen direct flights departing throughout the year from Gatwick, Manchester and Birmingham. The combination of year round flights and a number of golf developments in the area is likely to increase low and high season tourism. The weekly prices below are based on property currently for rent in the area at 2008 prices. Please note that many of the properties, on which the prices are based, do not have the same range of facilities that the Mistral Apartments offer. Assuming an average annual occupancy of just 50% and an average purchase price of 70,000 would result in a gross yield of circa 8%. Typical weekly apartment rental rates. ref renting made easy However you chose to rent your apartment independently Flipflops offers a number of services to make your life easy. Our on-site concierge service provides an English speaking point of contact for you and your clients. For a small fee our concierge service can arrange for key holding, meet and greet, airport transfers, welcome packs, laundry and cleaning services. If you intend to rent your property on a regular basis you may want to consider our furniture rental pack that provides robust easy clean soft furnishings and additional linen for change over day. 20 Peak Season High Season Low Season bed 2 bed 3 bed rental & investment highlights location 300 days sunshine pa. Flights throughout the year Close proximity to airport Close to new Golf zones Gulluk active all year round High & low season activities apartments Luxury 1,2 & 3 bed apartments High quality finishes Large terraces Full sea views luxury complex Freeform swimming pools Children's pool area Jacuzzi & pool bar Sun beds & terraces Restaurant & bar Tennis court Fitness centre Beach volley ball Children's play area rental Support Guest meet & greet service English speaking Concierge Laundry & cleaning service Rental management 24/7 rental support finances Flexible finance & mortgages

20 Money matters Reservation Deposits A reservation fee of 500 will secure your preferred property for a period of 28days within which time contracts must be signed and the first payment made. Payment Plans There are 2 convenient payment plans with payments made subject to completion of construction milestones. Payment Plan 1 30% on signing of the contracts 30% on completion of foundations and groundwork 30% at roof height 10% on completion Payment Plan 2 is subject to a 4% discount on the sale price 80% on signing of the contracts 20% on completion Maintenance charges Maintenance charges are based on the gross apartment area including terrace and are estimated at per m2. Construction Schedule Construction is due to start in October 2008 with completion in December Mortgages Turkish mortgages are available with up to 75% LTV on completion t: e: info@villauno.com w: