Prime central Istanbul apartment residence

$ 560707

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Summary

  • Stunning Marmara and City sea views.
  • Family orientated homes within huge residence.
  • Excellent five star facilities with delightful gardens.
  • Modern interiors with natural stone worktops and real wood.
  • Sought after central location in Topkapi - transport apex.
  • Tapu ready for transfer.

About this project

Offering delightful Marmara sea views, this huge complex is constructed at the apex of transport, where many modes meet, making the location hugely popular with Turks. Locally known as Topkapi, the region is at the end of a regeneration program by the government, with this complex one of the last to be built.

Despite its central location, where most developers build small apartments and offices, this residence is aimed at families. Apartments are spacious and hardly any one bedroom apartments were built.

Facilities again are aimed at families, with two indoor swimming pools, several sport courts for teenagers and adults to expend excess energy. Landscaped gardens give the complex a country feel, in the city centre.

Interiors are designed along natural lines, with natural stone and real hardwood used throughout

A complex of this size, and such a busy location means that the ground level is dedicated to commercial space, with many stores, cafes, and restaurants all within the complex, and open to the public.

The location is known locally as Topkapi, a hugely popular location with Turks - Taksim is just 15 minutes away, and the airport is in the other direction at just 15 minutes. A short walk to the tramway gets you to Sultanahmet within 10 minutes, or jump on the metrobus to get to the business district in under 15 minutes.

Hence middle class families have flocked to this location, with investors taking the limited number of one bed apartments available.

Due to its exceptional location, renting an apartment here would be very quick, with management on site giving a hassle free investment.

Facilities Breakdown

  • Sauna
  • Underground parking
  • 24 7 security
  • Turkish baths
  • Gym
  • Walking parkour
  • Ornamental fountains
  • Child play areas
  • Indoor swimming pool

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 75 sqm 76 sqm $ 177316 $ 187526
2+1 112 sqm 140 sqm $ 237216 $ 325533
3+1 174 sqm 181 sqm $ 391644 $ 493150
4+1 207 sqm 207 sqm $ 560707 $ 591423

- Price ranges last updated 11/06/2019
- 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 15 mins
  • Axis Istanbul mall 5 mins
  • Koc University private hospital 5mins
  • Historic city walls 5 mins
  • Taksim 15 mins
  • Eyup Sultan mosque 10 mins
  • Sultanahmet 10 mins
  • Tramway & Metrobus 5 min walk

Regional information

Topkapi is a historical part of Istanbul, so named due to the historic gate of Topkapi. It remains hugely popular with Turks due to being the meeting point of many modes of Transport, as well as the E5 highway. This gives the region easy access to all parts of the city, as well as being a commercial district in its own right.

Much construction has happened over the last decade, with heavy government investment in converting the region from rundown industrial to fully residential and commercial. Topkapi today is an extremely busy and dense part of the city, yet hugely popular with families due to its location.

Topkapi forms part of the Zeytinburnu district. Whilst parts of Zeytinburnu are low working class, Topkapi is the exception, form the most expensive part of the district – nearly twice as expensive on average as the rest of Zeytinburnu. Topkapi is well organised, and a firmly Turkish middle class neighbourhood. The main reason for this is the huge University campus, which is surrounded by secure apartment complexes. Its easy connections into all parts of Istanbul – it is almost equidistant to all major landmarks – make it popular with all buyer types. Malls, private hospitals, and private colleges are a plenty, meaning families want to be placed within good distance of their main needs.

Investment information

The region is currently at a peak in pricing, with this complex priced below the local market value. Gains can still be made here with the right negotiation. A mature and already wealthy neighbourhood means that this region will continue to tick over at the average price rise of Istanbul.

Its outstanding location mean rental return is higher than usual, down to the huge university, major hospitals and colleges, and of course a major transport interchange at Topkapi station. A significant investment will come after 2020, with a new major cross continent metro line planned, but this is a medium term project, and won’t affect prices significantly until at least 2020. An investment here is about as safe as it can get in Istanbul, with solid rental returns and capital gains expected.

Developer Background

A top ten developer, this firm builds mega complexes all over Istanbul. As opposed to investment stye one beds, they concentrate on provide true family homes, prefering to build large 2 bed to 5 bed apartments, situated in large complexes with proportionate green space. This makes them one of the first points of call for middle class families, all safe in the knowledge that they are buying a secure home from a top class developer.