Property for sale in Mugla, Aegean Coast, Turkey

PHASE 1 SOLD OUT
Just approx £15000 required and rest is mortgaged and the monthly payments will be covered by guaranteed rental yield leaving with positive cash every month.
SIPP friendly investment
12 Years 9% per annum Guaranteed Rental Yield
Sea view from every room with 5 star facilities
18% Genuine Discount on Purchase price
No maintenance fees during the period of rental guarantee
Directly at the seaside of the Gulf of Gulluk
Low interest rate LTV mortgages available (4.

8% depending on bank or building society)
Studio €70000 discounted to €57400 (size 35 sm2)
Turkish Property
We sell a range of Turkish Property in various locations For more information about any of our developments call to speak to one of our consultants today.
Turkey: Key Investment Points
• Large and growing domestic market
• Mature and dynamic private sector
• Leading role in the region
• Liberal and secure investment environment
• Supply of high quality and cost-effective labor force
• Customs union with EU countries
• Developed infrastructure
• Institutionalized economy
• Competitive tax system
Corendon Beach Residence Resort
Completion date: anticipated completion is August 2011
Overview
Best investment deal in the market
Corendon Beach Front Residence is arranged over two acres of prime land with stunning sea view consisting of 216 luxury studio and one bed apartments.

The project will be next to a very prestigious project and will share 5 star facilities such as swimming pools, an aqua park, shopping centre, beauty parlour, doctor’s post, sauna hamam, children’s playing grounds, sport facilities, gym, cafes, bars and restaurants. Each unit will come top of the line finishes adding to the overall elite atmosphere of the complex.

The prestigious Vita Golf Course in the Bodrum region is very close to the development and you will be enjoying breath taking view over the Tuzla Lake and turquoise blue Aegean Sea. The Vita park houses one 18 hole and two 9 hole courses which meet international standards.


12 years guaranteed rental of net 9% per annum
18% discount on purchase price
Sea view from every room with 5 star facilities
Investor designed payment plan- only 35% deposit down and nothing more to pay till completion
No maintenance fee during period of rental guarantee
Mortgages available with low Interest rates
Pleasant Mediterranean Climate
Pre-Launch offer limited availability
SIPP friendly with many tax benefits
Location
Bodrum is a charming and fascinating little port situated 270 km south of Izmir, on the Aegean coast of Turkey. The inhabitants of Bodrum are around 30.

000 and earn their living by fishing,boat-building, agriculture, weaving (the village Mumcular is famous for its Carpets, kilims and other weavings) and tourism, which has become the most important industry in the last few
years. In recent times Bodrum has become not only a tourist centre but also a visiting place for famous Turkish and foreign artists and also an art centre, which is a source of inspiration.


The heart of the town is around the harbour, where shops, bars and restaurants jostle together in the narrow streets under the shadow of the St. Peter Castle.

The main artery is Cumhurriyet Caddesi (Republic Street), much better known as bar street. This street is a pedestrian showcase of what the town has to offer.

Skilled artisans can make you a pair of snugly fitting leather sandals in the traditional Aegean style, while small boutiques offer stylish creations inspired by local designs and fabrics. Shopping mainstream Turkish Fashions -Gallery Emelce- are well represented to, with clothes designed for hot summer living.

The souvenir shops sell attractive onyx, copperand brass ware, along with toy camels, and Gold harem slippers. Cafes and restaurants offer a cosmopolitan choice.

To accompany your meal, try the light aniseed flavoured nationaldrink Raki or locally produced wine. After sundown, Bodrum lights up with flashing neonand laser shows to pulsating throb of the latest dance music.

It’s party time all over the town.
Surroundings
The Corendon Beach Front Residences project is surrounded by ancient monuments and ruins,
a heritage of more than 5000 years of civilization that once has flourished here and now waits to be
discovered by you.

The nearby antique villages of Labranda, Euromos or Herakleia will take you back
to these ancient times, while the Bafa Lake, a nature reserve, astonishes visitors with its floral beauty
and wildlife. In this region all tastes are catered for.

Nature lovers and sun adorers, photo fanatics and
sport enthusiasts, sailors and archeologists,there is some thing to enjoy for everyone. The whole region
could actually be considered one big open air museum.

The village population lives by fishery and
produce of vegetables and olives, its oil frequently used in the Turkish cuisine, while delicious grapes are
transformed into surprising wines. All ingredients are available here to enjoy the Mediterranean life style.


The Vita Park Golf Course, the new, first golf course in the Bodrum region is close to completion. You will immediately
feel at home at this prestigious club, enjoying the breath taking view over the Tuzla Lake and the turquoise blue
Aegean Sea.

The Vita Park houses one 18 hole and two 9 hole courses which meet international standards.
Golf enthusiasts residing at the Corendon Beach Front Residences will be especially fortunate, because the
Vita Park Golf Course is exactly on the other side of the bay, just a 30 minute drive away.

However, it is also
possible to cross the bay by water taxi. After a 30 minute boat trip you will find your self ready to play at
the golf course.


Timelines and Infrastructure
anticipated completion is August 2011
Financial info
Payment Structure
Purchase price is 57400 (18% discounted of original price)
35% of purchase price needs to be paid upfront = 20090
70% Loan to Value mortgages
Example Illustration purpose only
57400 = Purchase price (18% discounted of original price) 20090 = 35% initial payment
37310 = to be paid after completion
Independent valuators predicted that the value of the property on completed will be 80000
56,000 = 70% Loan to value mortgage based on current value of 80000 37310 = outstanding payment
18690 = Cash Back or you can pay the remaining balance
4.8% rate based monthly mortgage repayments will be 363, against a rental yield of 432 pm, allowing the investor to make the mortgage repayments with the rental guarantee income leaving with positive cash back on rental income every month
Please note that the interest rate depends on bank or building society and may subject to change.


Properties available in this development
The resort comprises mix of apartments and Villa’s see our floor plans section above for more specific info. If you need any more info please contact us and we will help you with any further information you require
About us
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It is why we present every development after full research ensuring our customers see only the best properties available in the most stunning locations worldwide. Join the growing number of buyers who are benefitting from the International Property Mole approach to overseas property and investments.