Low budget investment to Istanbul's next generation business district

$ 80809

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Summary

  • A home-office project in the centre of the Media Highway business zone
  • Ideal facilities for business and everyday life
  • Sense of spaciousness by wide balconies
  • The intersection point of businesses and expos - Atatürk airport is just 5 mins away
  • Located in the heart of transportation network - Metrobus and metro within 5 mins

About this project

This boutique project consists of a limited number of Home-Office apartments and showrooms - units are expected to sell fast to entry level investors. The showrooms are expected to hold the accolade of highest and widest facades in the Media Highway business zone.

This project is designed to blur the boundaries between business and domestic life, a reflection of the millenium generational trends.

Indoor spaces are designed to maximise space and large apartments come with balconies, while loft apartments come with spacious terraces. For business life, additional services will be installed, meeting rooms, 24 hours lobby service, fibre optic internet infrastructure, full security, gym, cleaning services, and of course underground parking with valet.

The complex is positioned at a key node of the Media Highway business district: Istanbul's next generation business zone, expanding into one of the largest business districts in the world. With massive support from the government, the zone plans to become Europe's leading commercial and business zone, already taking market share from the impressive Levent business zone.

New and old airport are within 20 mintues, and the two major highways of Istanbul, TEM and E5 are linked via the Media Highway. Most importantly, massive government investment on a world class metro infrasructure is already under way and expected to complete by 2020, with a key interchange station just minutes from this complex.

Facilities Breakdown

  • Meeting rooms
  • Underground parking
  • 24 7 security
  • Lobby
  • Gym

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 61 sqm 67 sqm $ 80809 $ 86870
2+1 94 sqm 103 sqm $ 114011 $ 121389

- 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.

Floor Types

Distances

  • Ataturk airport 5 mins
  • Metrobus 5 mins
  • M1 Metro line 5 mins
  • Starcity Mall 2 mins
  • Private Medicine Hospital 10 mins
  • Taksim 30 mins
  • Sultanahmet 25 mins
  • Sea coast 15 mins

Regional information

Bahcelievler, meaning garden homes, is a traditional part of central Istanbul. Originally made up of short buildings with large gardens, today it is one of the most densely built up part of Istanbul. Yet with the middle classes showing serious growth in the region, the typical white collar family want to move out of the old style street apartments, into 21st century modern compounds with full facilities.

The region is mature, made up mostly of Turks that emigrated from other regions in the 60s and 70s. Today, 2nd and 3rd generation Turks are wealthier and expect modern compounds. Bahcelievler is a convenient location, especially parts that are close to the E5 highway, giving you easy access to the Airport, Taksim, and Sultanahmet. Turks love the area as they can get to key business zones, like Levent, Atakoy, and Sisli.

The premium part of Bahcelievler is the region that lines the E5 highway from the Zeytinbunu junction to the Atakoy Junction. Area to avoid would be Fevzicakmak, which is seriously congested and has little in the way of quality housing. The Yenibosna region shows promise, with it forming part of the Media Highway regeration zone. Pricing in Yenibosna is very low, and with a metro line coming in 2019, prices are expected to increase drastically.

Investment information

Somehow the developer has managed to secure this 40,000 square metre plot of land in a prime central location. The airport, major transport links, private hospitals, colleges and universities are all within walking distance.

The builder is renowned for creating world class serviced apartments, and this will be no exception. With hugely discounted pre launch pricing, investors are after the cheapest launch apartments. Engaged couples are buying at cheap pricing in the hope of moving in to a prestigious landmark development on completion in a few years.

This is the kind of development where serious investors come in early and sell before completion at 40-50% premium. By taking advantage of low entry pricing, the high demand in this part of Bahcesehir, this is a realistic attainable target. Long term investors will benefit from this being a commuter belt, with easy access to key landmarks around the city. 10% in rental income based on entry level pricing is expected (5-6% on actual market value).