Invest in Kagithane's growing river bank regeneration

$ 248356

Share Property

Summary

  • Two blocks residence project aimed at investors with easy city centre access
  • Essential residence facilities aimed at city workers.
  • Modern interiors, with quality materials.
  • A growing investment zone neighboured by similar compounds and Axis mall
  • Open views out to the Kagithane river banks and park
  • Sisli and Besiktas M7 metro line is a five min walk

About this project

 This boutique compound is being built by one of Turkey's titan developers. Set on a highly valuable plot on the main Kagithane avenue, this twin tower project brings much needed modern homes to a rapidly changing district.

Modernity and city life are at the core of the project. Aimed at city workers seeking a modern city centre home, this complex offers only one bed and two bed units. The branded developers signature high quality is on offer, with smart interior designs and a full glass facade - in keeping with the local architectural style.

City life is the order of the day here, with facilities to match the hyper speed Istanbul city centre life style. Modern social facilities are all inclusive with avenue level stores. Underground car park and security is of course part of the concept.

The location is exception with the Axis Mall literally the neighbour. The plot is one of the last on this major avenue, with an open view across the Kagithane river banks and park.

Kagithane made a major advancement in value when the Kagithane - Sisli - Besiktas road tunnels opened 5 years ago - providing easy access to the city centre by car without traffic in under 4 minutes. The Bosphorous sea front at world famous Besiktas is a further 4 minutes in the next tunnel.

Kagithane is expected to rapidly increase in price once the new M7 metro line opens in December 2019. The nearest station, Kagithane, is a five minute walk from the complex. The M7 line connects the region to Sisli (the city centre of Istanbul) and Besiktas. It also integrates into the M2 Taksim metro line, ensuring easy access to Taksim and the old city within a matter of minutes. The new airport metro line also passes through Kagithane (opens in 2021), again a few minutes walk from this complex. This region will be on the best regions in terms of public transport in Istanbul.

Facilities Breakdown

  • Sauna
  • Underground parking
  • 24 7 security
  • Gym
  • Child play areas
  • Indoor swimming pool
  • Sports hall

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 62 sqm 70 sqm $ 167831 $ 182267
2+1 111 sqm 143 sqm $ 248356 $ 338098

- Price ranges last updated 06/08/2019
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.

Payment Plan

Months Deposit Discount
26 35% 0

Distances

  • New airport 35 mins
  • New metro line 3 mins
  • Axis Mall 1 min by walk
  • Kanyon Mall 10 mins
  • Ozdilek Mall 10 mins
  • Private Derindere Hospital 6 mins
  • Taksim 20 mins
  • Sultanahmet 25 mins
  • Şişli 15 mins
  • Levent business district 5 mins

Regional information

Levent is Istanbul's commercial and business district. The skyscrapers that line Buyukdere Avenue are all in excess of 40 stories, with Sapphire the tallest with 64 stories. The region has the highest concentration of malls anywhere in the world with 5 major malls on the same stretch of road! All skyscrapers will enjoy amazing views over the Bosphorus, with the avenue at the peak of a hill. The eastern side of the avenue ironically has a two storey height restriction, and is filled with Uber expensive villas. After Mecidiyeköy, Levent is the second busiest part of Istanbul - not Taksim or Sultanahmet.

Investment information

Investing in Levent is an investment in Istanbul's primary commercial district. Purchasing at the right price here means you will enjoy excellent rental returns, and excellent capital gains. Levent emerged in the 90s, with financial deregulation in Turkey. Istanbul's main bourse was created and banking was heavily deregulated. Filled with factories and warehouses, the government chose Levent ahead of the Media Highway to create this business district. Prices accelerated in the 2000s and so did skyscraper construction, where today the region is saturated, with no further space left for skyscrapers. Government efforts are now concentrated on Ataşehir, where all banks are required to move to by 2019, and to Medi Highway, where there is heavy private and public investment in creating a new business district.