The Brief:

An off plan apartment development offering affordable luxury on the outskirts of upcoming Bodrum (2 and 3 bedroom apartments are also available). The development consists of 280 apartments in low-rise blocks of 4, in keeping with the area, and not hindering the gorgeous views of the surrounding hills

The Property in Brief:

• Finished to highest standards with all mod-cons
• Luxury features in all units
• Scheduled completion May 2009

The Property in more Detail:

These mid-completion apartments offer exceptional value for money, affordable luxury and incredible investment potential. The apartments are all finished to the highest standards, including: fitted kitchens and bathrooms, combined kitchen and dining areas, and en-suite master bedrooms. All apartments have beautiful private terraces finished with marble.
All of Tuzla apartments are set in beautiful Mediterranean landscaped gardens directly opposite the one 18 hole and two 8 hole golf courses with stunning panoramic views of the gorgeous Tuzla lake.

The Opportunity in Brief:

• Mid-completion development equals low risk
• Due diligence complete, documents available on request
• Anticipated 6% net rental yields to grow as tourism rises

The Opportunity in more Detail: Given that the development is a nearing completion, the £35,000 price tag gives these apartments incredible investment potential. Turkey tourism hit 23million in 2008, and 30 million visitors are expected this year. Bodrum is an upcoming region, with two major airlines recently announcing new flights to the region. This gives way to predictions of strong and sustained capital growth on these apartments, especially because of their exclusive location (see below).

On top of their capital growth potential, the apartments are capable of earning at least an 8% annual net rental yield. This is based on a £229 weekly rate for rentals of 1 bed holiday apartments in Tuzla, and the fact that 20 week occupancy should easily be achieved with proper marketing. This gives a gross rental yield of over 10%, giving plenty of room for a 6% net rental yield after costs.

The Location:

The resort is in the Aegean region very close to the summer town of Bodrum which offers some of the prettiest and most cosmopolitan places in the surrounding area. The development is situated in beautiful lush green landscaped gardens which boast a considerable amount recreational area including a waterfall featured communal pool. Tuzla Lake is a bird heaven and is internationally protected as a nature reserve for many different varieties of birds from pelicans to water chickens.

Bodrum town centre is only 25km away, where residents can enjoy eating out and its great night life. Situated between Kusadasi in the north and Marmaris to the south; the famous castle of St Peter is also within easy reach of the resort.