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No.1 Knightsbridge Istanbul, Turkey 7.5% GUARANTEED NET YIELDS INVEST FROM £12,000

No. 1 Knightsbridge Istanbul

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Page 1: No. 1 Knightsbridge Istanbul

No.1 Knightsbridge Istanbul, Turkey

7.5% GUARANTEED NET YIELDS INVEST FROM £12,000

Page 2: No. 1 Knightsbridge Istanbul

An introductionThis is a unique opportunity to invest in one of the most exciting and rewarding

residential markets in Europe. Available at 50% below completed prices with a

2-year 7.5% protected rental guarantee.

In Istanbul an expanding population and rapidly rising middle class are placing

current housing stock under extreme pressure. Turkey requires an estimated

500,000 new housing units per annum whilst constant migration to the largest

city means 250,000 units are required in Istanbul alone.

No. 1 Knightsbridge presents investors with an opportunity to enter into the

severely undersupplied Istanbul residential market. The Financial Times places

Turkey as one of its top 10 investment locations and the European Union

have officially announced that the country will become the fastest growing

economy in Europe during 2010.

Teaming up with an award winning architect and local developer with a

substantial track record of success, this selection of Studio, 1, 2 and 3 bed units

is available for investors at 50% below completed prices - with a 2-year 7.5%

NET protected rental guarantee.

Key investment data

70% LTV Mortgages Available

A maximum of one-fifth (20%) of the units will be sold to Overseas Investors

Total Investment from £41,000 (fixed in sterling)

Very close to major transport links, employment, beaches and amenities

The other 80% will be sold to the local market nearer completion at a 20% price increase

2 year 7.5% NET protected rental guarantee

Available pre-launch at 50% below prices upon completion

Annual housing deficit is estimated at 250,000 units p.a.

Prices fixed in sterling – zero currency exposure

Invest with as little as £12,300

After July 9th 2010 all unsold units will be subject to the full 20% price increase

Time Limited Pre-Launch Opportunity

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Page 3: No. 1 Knightsbridge Istanbul

The Investment

No. 1 Knightsbridge has been specifically selected by Property

Frontiers in order to give our clients the option to invest in a

unique and exciting development in Istanbul. We have been

given access to a selection of stunning apartments in this

unique building that will benefit from sea and city views.

Designed in contemporary style by award winning architect

Metin Hepgüler, these apartments are upmarket and tastefully

finished. They are designed to attract young professionals from

the area as well as overseas investors.

On site facilities are extensive. They include an indoor

swimming pool, coffee houses on the terraces with decorative

pools, saunas, Turkish baths, a fitness centre, shops, and meeting

rooms. There are extensive landscaped gardens (2000m²) and

services include valet parking, laundry and house-keeping,

gated entry and on-site security.

Knightsbridge No 1 is located at the heart of the city’s vibrant

cultural and social life. Yet it is also an oasis of tranquillity

in an urban setting. As a mixed use building, it will include

commercial and office space as well as residential apartments

– a city within a city, providing local employment as well as a

convenient and easy lifestyle for the residents.

Proximity to the city’s amenities, Beykent University and the

E5 motorway is making the area very popular for permanent

residents, whether tenants, first-time buyers or established

property owners. Knightsbridge No 1 is the ideal choice for

a prime residential area, with great potential for growth and

a very strong exit strategy. It is due for completion in August

2013. With this time limited pre-launch opportunity investors

can look forward to significant capital uplift in the short term

and a strong yield on their long term investment.

Investment highlights30% Deposit, 70% LTV

2 years rental guarantee of 7.5%

15 year mortgage based on 6.15% interest

Sterling loan: no currency fluctuations or

exchange rates

This is a full repayment and interest mortgage

over a 15 year term

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Page 4: No. 1 Knightsbridge Istanbul

Strategically placed where Europe meets Asia and East meets West, Istanbul has

long been seen as the powerhouse of one of the region’s largest economies.

With an estimated 18 million people living within its boundaries and an annual

population growth of 4% (some 400,000 inhabitants arrive each year), the

demand for homes is at an unprecedented level. Combine this with a rapidly

emerging middle class and Istanbul presents one of the most exciting investment

prospects anybody could add to their portfolio.

At both national and regional levels, proactive and stable government continues

to make great strides in upgrading the city’s infrastructure and communications.

This year, their efforts will be rewarded as Istanbul becomes European Capital

of Culture, placing it firmly on today’s European and global maps. The city is

culturally diverse, with a rich artistic and architectural heritage as the former

capital of the Ottoman Empire and the acknowledged centre of today’s Turkic

speaking world, which extends through central Asia to the border with China.

At the same time, it is a modern European city and a regional centre for higher

education, science and medicine.

Economic Growth

No.1 For City Development Prospects*

Very Low Unemployment

Rapidly Emerging Middle Class

Staggering demand for homes

European Capital of Culture 2010

Large investment in infrastructure

*According to PriceWaterHouseCoopers

The locationKnightsbridge No1 is located in Beylikdüzü, which is part of the Büyükçekmece district of Istanbul. Beylikdüzü is one of the most rapidly growing areas of the city. It combines all the advantages of a residential suburb, close to the beach with a convenient proximity to the city centre. Local services are excellent, making the area increasingly attractive to both local and overseas residents. Price indicators for the area show a 30% growth on current projections from off-plan to completion in 18 months.

There is also an acute shortage of rental properties in the area. Beylikdüzü is Istanbul’s newest and fastest growing district and this is reflected in the growth of its sporting, cultural and shopping facilities. It lies between Istanbul’s main Ataturk International Airport (15 km away) and Istanbul’s proposed third International Airport at Silivri, only 10 minutes by car from Knightsbridge No 1.

The seaside resort at Büyükçekmece is five minutes away and is popular for day trips or weekend breaks. Its long, sandy beaches are dotted with restaurants and cafes. There are also nightclubs, parks, a marina and a yachting club.

Knightsbridge No1 is very close to the E-5 (Bahcesehir exit), which provides primary links to the city centre and Europe.

Why Invest in Istanbul?

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Page 5: No. 1 Knightsbridge Istanbul

Purchase

Studio 32.24 sq m

On Completion

Purchase Price From £46,500 Purchase price (includes VAT, white goods, air con and furniture)

£15,485Deposit (30% incl. legal’s & notary costs)

Mortgage (minus £2,000 res fee) £30,550

Closing costs £1,898

Income

Guaranteed Income year 1 @ 7.5% (Bonded) £3,488

£3,488Guaranteed Income year 2 @ 7.5% (Bonded)

£2,365Mortgage per annum**

£1,123Annual Surplus p.a.*** years 1 & 2

£4,650Projected Income year 3 onwards (before inflation)

£2,285Annual surplus*** year 3 onwards

** 20 Year repayment mortgage at 4.58% (15 year term common, max age 70)

*** All costs paid by tenant (mgt fee, service charge etc.)

Financial breakdown

Next steps

The information in this document (including but not limited to, photographs, illustrations, plans, dimensions, descriptions, tables, projections and prices) are for guidance only.

While every effort has been made to offer current and accurate information, errors can occur. Property Frontiers makes no warranties or representations as to the accuracy,

correctness, reliability or otherwise with respect to such information, and assumes no liability or responsibility for any errors or omissions in the content contained in this

document. Within this document you may find links or references to third party material and third party web sites. Property Frontiers accepts no liability in respect of the

contents of such material or sites. Property Frontiers should not be taken to be endorsing, publishing, permitting or authorising such materials or sites. Property Frontiers is not

a party to, or responsible for, any transaction concerning goods or services available from such third party materials or web sites. Property Frontiers will revise the information;

services and resources contained in this document from time to time and reserves the right to make such changes without any obligation to notify past, current or prospective

visitors to this document.

The content relating to the past and/or current performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income

from them may go down as well as up. Prices quoted may be based on a conversion rate when the document was created and may vary. This is not a regulated investment for

the purpose of the UK FSMA (2000) however as a founding member Property Frontiers Ltd adhere to and follow the Code of Conduct of the Association of International Property

Professionals (AIPP).

The information contained in this document should not be construed as financial, tax, legal or any other professional advice or service. You are advised to consult a financial and/

or legal professional advisor from suitably regulated sources.

Except where noted otherwise, all material in this document is Copyright © 2010 Property Frontiers. All rights reserved. Without the prior written consent of Property Frontiers,

no permission is granted to copy, distribute, modify, post or frame any text, graphics, or logos.

THE PROPERTY MISDESCRIPTIONS ACT 1991

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised

to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of

the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales

particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on

any journey to see a property.

Small print

To reserve a unit or discuss this investment in greater detail please contact Property Frontiers

call 01865 202 700email [email protected]

CALL +44 (0)1865 202 700 O

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@PRO

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