This project is marked with a peerless design that combines residential areas and office life in the same project. Offers the most harmonious synthesis of old values and rising new standards.
Situated in the Atakoy plaza district, the compound is made up of two blocks of 18 stories each. Ceiling heights of 3.4 metres with full glass facades ensure all apartments receive plenty of light throughout.
The ground level is made up of two stories of commercial space, providing 40 stores for day to day use, and to serve the local offices. Use of high quality materials throughout gains an elitist attitude that can be easily distinguished by individuals with good taste. Social facilities are spread over a generous 1,000 sqm, including a gym, swimming pools and relaxation areas.
Meeting rooms are made available for the offices, and large reception areas impress visitors and office workers alike. Alcoves and open balconies in the apartments provide comfort and efficiency, in addition to meeting usage requirements in all seasons.
The compound is neighboured by similar plazas, a mall, and a major university. This provides plenty of investment potential - ensuring 5-6% rental income, and healthy capital gains to come.
The M1 metro line and metrobus stations are within 50 metre walk, both are major lines serving the city of Istanbul.
|Type||Size (Min)||Size (Max)||Price (Min)||Price (Max)|
|1+1||61 sqm||72 sqm||$ 137714||$ 159037|
- Price ranges last updated 21/06/2019
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.
This product is available as full payment in cash only, with short term payment plans by negotiation only.
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.
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!