Landmark residence in wealthy Bakirkoy with Central Park views

$ 680,000

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Summary

  • Delightful project in the heart of the historic peninsula
  • Comprehensive facilities puts hotels to shame
  • High class interior design worthy of the region
  • Historic region of Istanbul
  • Gorgeous Marmara sea views 

About this project

Built by one of Turkey's titan developers, this truly is his crowning achievement. Situated in Bakirkoy - one of Istanbul's oldest, and wealthiest neighbourhoods - the developer has decided to go tall in order to provide as much green space as possible. Residents will feel at peace within the large gardens of almost 30,000 sqm, and enjoy relaxing Marmara sea views from the roof terraces.

No expense has been spared on the interior, from high granite kitchens, to real wood flooring. Complex facilities have been designed to cater for everyone from young to old, and 24 hour security will allow families to let their kids roam in the large green space without worry.

With the Istanbul Municipality preparing to build Istanbul's largest city centre park - "Central Park Istanbul", will be 100,000 square metres in size, in the heart of the historic peninsula. Residents will be able to enjoy delightful views over the park.

Sea front enjoyment is just five minutes away, with the delightful Atakoy Marina and its mall, along with sea front cafes and Restaurants.

This complex is already tagged with Central Istanbul's second most prestigious project.

Facilities Breakdown

  • Kids club
  • Restaurant
  • Café
  • Basketball courts
  • Football courts
  • Sauna
  • Underground parking
  • 24 7 security
  • Lobby
  • Turkish baths
  • Spa
  • Gym
  • Walking parkour
  • Ornamental fountains
  • Commercial space
  • Child play areas
  • Child swimming pool
  • Indoor swimming pool
  • Outdoor swimming pool

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 44 sqm 55 sqm $ 410000 $ 620000
2+1 126 sqm 174 sqm $ 680000 $ 1350000

- Price ranges last updated 18/11/2018
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.

Payment Plan

This product is available as full payment in cash only, with short term payment plans by negotiation only.

Distances

  • Ataturk airport 10 mins
  • Galleria Mall 10 mins
  • Acibadem private hospital 7 mins
  • Taksim 20 mins
  • Sultanahmet 15 mins
  • Atakoy Marina 10 mins

Regional information

Bakirkoy is one of Istanbul's oldest neighbourhoods, and can be found within touching distance of the historic peninsula. Hugging the Marmara sea coast, Bakirkoy is home to many branded malls, and dozens of large scale private hospitals. It's also home to two of Turkey's largest hospitals, as well as the elite Atakoy Marina - where the rich and famous come out to play. As such, this makes Bakirkoy one of Istanbul's wealthiest and richest in Istanbul, and therefore Turkey.

Boasting the highest concentration of university graduates, your neighbours will be high end upper class people. You will be surrounded by endless cafes and restaurants, and the traditional sea front part of Bakirkoy with its ancient market and avenues, is an absolute delight all hours of the day.

Istanbul's main airport, Ataturk International Airport, is expected to close once the 3rd airport is complete - once this happens, and the land it vacates is converted into a huge park, Bakirkoy's desirability will surge.

Investment information

With the district being such a traditional part of Istanbul, demand for decent homes in Bakirkoy remains buoyantly high. The historic nature of Bakirkoy means that most homes are from the 60s and 70s, and this necesitates urban regenaration on a large scale.

Whilst most construction in Bakirkoy at the moment is like for like (older residents replacing apartment blocks with modern blocks), it means that supply is not as high as it may seem. The demand for high quality complexes remains high, with most wealthy Turks now wanting to be in a central location, but within a complex.

Space in central Istanbul is at a premium meaning price appreciation in a central Istanbul complex is always high. The effect of this is rental yield becomes lower than the Istanbul average, yet capital gain more than makes up for this over the course of your investment.

Bakirkoy prices surged with the opening of the Avrasya road tunnel under the Bosphorus, and is expected to surge once more, once the Marmaray under sea train line reopens - providing high speed train access to all over Turkey, Europe, even all the way to China. Potentially, one could ride a high speed train from Bakirkoy train station all the way to St Pancras in London!

Developer Background

A absolute titan, responsible for the humongous Maslak 1453 project, and many other large scale projects, this developer has created new regions of Istanbul from scratch. The firm started by producing en mass traditional concrete block homes - becoming more creative at Maslak 1453, and now this piece de resistance of a project in Bakirkoy. This builder delivers consistently on time, and does not mess around with small time projects. Bank guarantees are in place on all projects, providing peace of mind, and apartments are delivered to the specification promised in all cases. Projects with this brand name are always in high demand, and always become regional landmarks - they create more than homes, but actual neighbourhoods that are used not only by residents, but the entire community.