Property Details
- Property: Apartment (In Development)
- Bedrooms: 1
- Bathrooms: 1
- Receptions: N/A
AVANTGARDEN
320 modern flats in Brasov, Transilvania's main tourist city. Location and facilities make for easy sale locally, providing an ideal exit strategy for investors. Proximity to the main ski resorts and Dracula castle provide all year round rent potential.
Features
Why invest in Brasov?
• High unsatisfied demand for residential properties;
• Strategic position in the middle of Romania (business and tourist hub);
• Proximity to important tourist attractions: Romania’s main ski resorts, Dracula Castle and other attractions in Transilvania (adds demand for rental);
• International airport due for completion early 2010;
• Major investments in the infrastructure (Romania will receive €30billion EU funding between 2007-2012);
• 100 miles to Bucharest (capital city);
• Unique city with extraordinary architectural features and natural surroundings.
Why invest in Avantgarden II?
• PROMOTION IN PROGRESS (CALL US ASAP!)
• Excellent payment plan (as little as 15% initial capital requirements);
• Exit plan (re-sell opportunities through our Romanian company before or after completion);
• Brilliantly located: within 15min walk to the city centre, 15 min drive to Poiana Brasov (Romania’s most famous ski resort);
• Excellent transport links: main bus links and easy car access to both airport and motorway network;
• Proximity to major employment opportunities;
• Important retail centres within 1mile radius;
• Recreational areas onsite or in the near proximity.
Avantgarden is being developed by a partnership of Romanian companies, including a prestigious bank, all of them with a good track records and extensive local market experience. The developer is selling the project directly to clients with no middleman involved. This is an incredible investment, with a finance plan designed for high capital gain.
Payment plan:
• 15%-Initial payment - as soon as you sign
• 15%- Structural work is completed, approximately 12 months later
• 70%- Completion (mortgage), approximately 18 months later
Q1) Can we offer a rental or furnishing service?
A: We will once a development is completed.
Q2) What is the rental yield for Avantgarden, Brasov?
A: Assuming that you had your property completed at this moment in time,now you could achieve a rental of 500 euros per month equivalent of a yearly yield of al least 6.5%, which would have covered the cost of your mortgage. Probably at completion 18 months later, rent will be more than 500 euros as the area develops; accordingly you can achie current rental yield.
Q3) Guaranteed rental income?
A: Guaranteed rental normally applies to holiday resorts where income from travel companies can be taken into account. This is not the case in an urban situation in Romania.
Q4) where can you meet us?
A: You can either meet our knowledgeable team based in our London office or meet our colleagues in Romania. We also organise subsidised inspections trips to Romania for our clients. Contact us for more details.
Key selling points / Investment justifications
Discounts available
15% initial payment
Excellent location
Offices: London, Bucharest, Brasov
Exit plan (potential to re-sell through our Romanian offices)
Why Pay More for your Property?
Speak to our currency broker on 0845 3037790 to lock in the most favourable exchange rate or
click here to request a call back.
