A Prime location
Situated within Tunari, one of the fastest growing residential and commercial areas of Bucharest, the superior Sydney development is in a prime location to benefit from increasing property values. Vigorous investment in infrastructure and the continued Northern expansion of Bucharest mean this is fast becoming an extremely desirable location and an annual rental return of 10% 15% has been forecast by the developer.
Tunari is located just 3km from Otopeni international airport, 3km from the new Baneasa shopping district, soon to be the largest shopping precinct in South East Europe, and just 7km from Bucharest city centre. Combine this close proximity to modern convenience with the tranquillity of the surrounding forests and lakes and it’s easy to see why Sydney offers the perfect opportunity for investors looking to maximise on rental return.
The residential and commercial “City Centre” of Bucharest has actually moved to the North of the city, within 3km of Sydney Residence, due to the constraints of the old centre such as traffic congestion. The new super highway from Bucharest to Brasov, and then North through Romania, will also pass within 3km of the development, international schools, such as the American School, are only 1.5 km away.
High rental potential
These spacious three bedroom townhouses are ideal for families of both expat and local professionals working in the near by commercial districts, offering a minimal commute with the advantage of a rural retreat on the doorstep. Rental potential is high with the increasing number of blue chip companies being attracted to the country’s capital by the scale of investment, both domestic and international, it is currently experiencing.
Global companies such as Vodaphone, Orange, Phillip Morris, Carrefore, Kraft and Ikea plus many more have opened within this area and are obviously major employers, giving a superb client base for potential tenants from both the local Romanians and some 30,000+ expats. One attraction for these blue chip companies is the Romanian workforce itself, the majority of Romanians are highly skilled and educated and as a result are now well paid giving rise to a new middle-class. The huge housing shortage, especially in the mid – high end sector, coupled with the enviable location offer a fantastic investment.
The developers will create a rental management company providing a fully managed service – unique in Bucharest at present to give clients piece of mind and assist in managing property portfolios. The fee will be 9.5% + VAT.
Unsurpassed quality
The construction of the Sydney development will set a new standard for living in Romania. Each property will be equipped with state of the art appliances, including smart-home technology fitted as standard to provide ultimate control over the home environment.
A range of luxury townhouses are available, each offering three bedrooms complete with fitted wardrobes, three bathrooms with floor to ceiling limestone finishes and a fully equipped Italian kitchen. The spacious living area in each property provides the perfect environment for family and entertaining.
Externally every Sydney property benefits from having a private landscaped garden and terrace, plus private parking. Some Sydney homes are also available with additional accommodation for a gym or home office plus a garage.
The Villas
With the Sydney Residence project currently under construction, Bucharest is about to witness a totally new standard of quality living. The residential compound will comprise 102 villas affording modern, clean and contemporary designs that merge with open spaces and a focus on functionality and accessibility.
Interior specifications
In planning the modern and efficient architecture, no compromise has been made: high quality finishes and state-of-the-art facilities are the standard. There are four individual designs of property; all strive to meet the strictest of practicality and aesthetic needs: 3 bedrooms, 2 bathrooms, downstairs cloakroom, separate kitchens and open plan living area.
All Sydney villas come as standard with the highest quality materials and finishes:
Fully fitted Italian kitchens with Ariston appliances – including stainless steel oven & grill, hood, dishwasher and refrigerator
Limestone floor to ceiling finishes in the bathrooms
Wool carpets in the bedrooms
Solid wood flooring
Built-in wardrobes
Smart-home technology
Reverse-cycle air-conditioning
Cable TV & High speed internet access
Exterior specifications
With luxurious living areas ranging from 142 to 225 sqm, the intelligently partitioned homes are a showcase of quality materials and design. All homes provide parking for two cars and come complete with private, landscaped gardens ranging in size from between 46 159 sqm.
In addition, the development will have all infrastructure completed to international standards which will include high quality paved and landscaped internal roads and footpaths as well as an exclusive, modern and safe playground, that is sure to make the entire family happy.
Parking
Covered terraced areas
Secure gardens
Balconies for many bedrooms
Garaging with some house types
10 year guarantee
The Sydney development, scheduled for completion in the last quarter of 2007, is brought to you by an experienced and well respected developer. The quality of finish of each apartment is unsurpassed by other entry level developments in Romania and every property comes with the reassurance of a 10 year builder’s guarantee. In addition, unlike many other developers within Romania, their commitment to investment in infrastructure means you can rest assured everything you need to maximise on rental return and capital growth will be in place.