This development was built and not completed a few years ago. It consists of 22 semi detached 3-bedroomed villas. The beautiful beach is a 1 minute walk away and there are amenities close by. The area is surrounded by national park making the scenery stunning and the sunsets breathtaking.
The builder wants to sell the properties all together as one development. Each villa has balconies to front and rear and roof terraces. There is room for a communal pool to be built in the centre so all the houses would have pool views. There are many possibilities for developing this site including making it into a gated community for minimal cost.
To buy the site as a whole for example would be an initial outlay of £440,000.(£20,000 each)
On average it would cost in the region of £10,000 to refurbish each house and put in a furniture package.
Therefore 22 x £10,000 = £220,000
If you then add on say £20,000 for a communal pool and to landscape and gate the area
Costs total £440,000
Refurbishing £220,000
Landscaping/pool £ 20,000
Total £680,000
When completed these properties will be worth minimum of £50,000 and realistically £65,000 by completion!
If you multiply this by 22 houses you can see immediately that the returns on this development are amazing.
A massive £420,000 can be made in a very short period of time!
With a potential return of £750,000!!!
This is a one off opportunity and is not to be missed.
Please remember that finance is not yet available in Turkey and therefore funds will need to be raised outside Turkey.
Development figures are approximate and are presented for a guideline only.
Contact us now to discuss/buy this property or arrange an inspection visit.
Full details/specifications available on request – these details/photos are a guide only and do not constitute part of any contract |
