Seafront serviced apartments in elite Bakirkoy

$ 945,000

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Summary

  • Pioneering sea front serviced apartments.
  • Hotel style concierge and facilities.
  • Ottoman influenced interiors.
  • Panoramic Marmara sea view from every room.
  • Ideal for renting to tourists.

About this project

This pioneering project was one of the first to be built on the Bakirkoy sea front, meaning dazzling panoramic sea views from every single floor - which can never be blocked.

Interiors have an Ottoman inspiration with a modern touch, and the complex is operated along serviced apartment lines - concierge, house keeping and so on.

Located in the traditional hotel district of Bakirkoy, this complex is ideal for an investor looking for an easy rental return to the huge tourist market in Istanbul.

Offering a whole host of sports facilities within the complex, residents can access the gliterring Atakoy Marina within a few minutes, along the same stretch of Kennedy Avenue. 4 minutes in the other direction and you'll be at historic Fatih.

Facilities Breakdown

  • Restaurant
  • Basketball courts
  • Sauna
  • Underground parking
  • Turkish baths
  • Spa
  • Gym
  • Ornamental fountains
  • Child play areas
  • Indoor swimming pool
  • Outdoor swimming pool
  • Tennis Court

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 72 sqm 90 sqm $ 945000 $ 1300000
2+1 85 sqm 157 sqm $ 730000 $ 2350000
3+1 160 sqm 210 sqm $ 1600000 $ 2700000

- 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 10 mins
  • Galleria mall 5 mins
  • Acibadem private hospital 5 mins
  • Taksim 15 mins
  • Sultanahmet 15 mins
  • Atakoy Marina 4 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

Ranked in the top 5 of Istanbul's construction companies, with assets of over $400 million dollars, this developer really overperforms. Its contstructions are titanic works of arts, with complexes usually in the 100,000 square metre scale. These guys don't do small - they go mega, they build towns, and they build to the highest of standards.

Complexes are designed by world renowned architects, and are regularly in the international property awards. They build for maximum impact, and their army of subscriber investors are always offered pre launch deals before anyone else. Investors in the know trust the developer's market knowledge, investors trust the pre launch pricing on offer, and rarely even see project plans before making the investment - this is symbolic of the developer's size and reputation.