Property Details
- Property: Apartment (New Build)
- Bedrooms: 2
- Bathrooms: 2
- Receptions: N/A
ORHIDEEA GARDENS
400 luxury flats, near to completion, in the heart of Bucharest City Centre.The high building quality,the facilities and it’s ideal location make it an excellent ‘buy to let’ investment opportunity
Features
Why invest in Bucharest? (Capital city)
• High unsatisfied demand for residential properties;(estimates of 300,000 units in demand and only 1,800 units delivered in 2007).
• Local migration to Bucharest for the better-paid jobs (adds more pressure to the residential/rental demand).
• Major Multinationals (Microsoft, IKEA,etc) establish headquarters in Bucharest (creates a demand for business rental).
• Prices on new build are still cheaper than the old communist flats; SEE MARKET ANALYSIS BELOW.
• Major investments in the infrastructure (Romania will receive €30billion EU funding between 2007-2012).
• Low cost carriers flights are available from major UK airports (Easyjet, Ryanair).
Why invest in "Orhideea Gardens"?
-Excellent payment plan (as little as 10% initial capital requirements)
-Popular development among local celebrities and politicians.
-Brilliantly located in central Bucharest with existing infrastructure.
-Good leisure facilities within the complex (swimming pool, restaurants)
-Excellent transport links: Gara de Nord (biggest rail station), underground station, main bus links,and easy car access to both central city and the motorway network.
-Proximity to major employment opportunities for professionals ensures rental income
-Major retail centres within 1mile radius(Carrefour, Dambovita center)
-Recreational areas in close proximity (Botanical garden, clubs)
Facilities within the Development
-5 blocks of flats/400 luxury apartments by the lake (7hectare development)
-Big flats with luxury interiors
-Underground & overground parking
-Swimming pool
-Restaurants
-Water sports facilities on the lake
-Recreation on the onsite park
Payment Plan:
-10% initial deposit payable now
-20 % payable end of June08
-70% completion, December 08 (financed by the bank)
Q&A
Q1) Can we offer a rental or furnishing service?
A: We will once a development is completed.
Q2) What is the rental yield in Baneasa area, Bucharest?
A: A one bedroom apartment at similar standards is currently renting for 1200-1500 euro. Assuming that you had your property completed at this moment in time, you could achieve a rental yield of al least 7.4% which would have covered the cost of your mortgage, subject to market conditions
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
10% initial payment
Current rental yield 7.4%
Trend Offices: London, Bucharest, Brasov
Exit plan (potential to re-sell or rent through our Romanian offices)
NO middleman involved
Local market information at NO extra cost
Financing available
95% SOLD
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.
