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This exciting new luxury resort of 86 apartments and Duplex Penthouses offers possibly the best views in the Altinkum area. Situated on a hill overlooking the holiday resort of Altinkum and the town of Didim, development offers uninterrupted views of the entire area, including the beautiful Aegean Sea. Most of the 86 units have superb ocean views.Development is approximately 1 km from the world famous Temple of Apollo and 1.5km from the centre of Didim, with its vast array of shops and eating houses. The resort of Altinkum is a 10 minute ride away on the developments free shuttle bus. The nearest beach is less than 1km away in Mavishir, which also has a nightly market during the summer months. The famous Aqua Park is about 2km away and Aegean Heights is approximately 1 hour’s drive from Bodrum airport.The Altinkum area is possibly one of the most popular Turkish resorts for British tourists. with its numerous sandy beaches, restaurants to suit all tastes, bars and night clubs many Brits come back year after year.DESCRIPTIONLuxury and space at a stunning price. Complex will make a fantastic holiday home, rental property and middle to long term investment. There is a choice of property to suit everyone’s taste and budget, from 1 bed apartments to 4 bed duplex Penthouses. All are built and finished to the highest standards and include air conditioning to the living room and all bedrooms plus all Penthouses have a jaccuzi bath as standard. The sizes of these units are well above average. Most will have views of the Aegean and the distant mountains and will look out over the beautifully landscaped gardens and large freeform swimming pool.Construction is planned to start at the end of August 2007 and finish in August 2008.1 BED APARTMENTS - Price £19,900 / euros28,855The 6, 1 bed apartments are situated on the ground and first floor in D Block. They have a large terrace and lounge/kitchen area, 1 double bedroom and a luxury bathroom. The internal area is 50 to 51sqr.m. With an additional 18 to 20sqr.m of terrace.2 BED APARTMENTS - Price £25,900 / euros37,555The 30, 2 bed apartments are situated on the ground and first floors. They have a large terrace and lounge/kitchen area. 2 double bedrooms a luxury bathroom plus an additional separate toilet. The internal area varies from 64 to75sqr.m, with up to 38sqr.m of terrace.3 BED APARTMENTS - Price £28,900 / euros41,905The 16, 3 bed apartments are situated on the ground and first floors. They have a large terrace and lounge/kitchen area. 3 double bedrooms, a luxury bathroom plus an additional separate toilet.. The internal area is either 76 or 77sqr.m, with an additional 38sqr.m of terrace.2 BED DUPLEX PENTHOUSES - Prices from £29,900 / euros43,355The 8, 2 bed Duplex Penthouses are situated on the second and top floors. On the lower level is the living/kitchen plus a large terrace and on the upper level 2 double bedrooms and a luxury bathroom with jaccuzi. The internal area is from 63 to 75sqr.m, with between 29 and 38sqr.m of terrace.3 BED DUPLEX PENTHOUSES - Prices from £34,900 / euros50,605The 17, 3 bed Duplex Penthouses are situated on the second and top floors. On the lower level they will have a large terrace, living/kitchen and toilet, with the upper level having 3 double bed rooms, 2 bathrooms (1 with a jaccuzi) and a large terrace. The internal area is from 77 to 89sqr.m with an additional 55 to 150sqr.m of terrace.4 BED DUPLEX PENTHOUSES - Prices from £39,900 / euros56,550The 9, 4 bed Duplex Penthouses are situated on the second and top floors. On the lower level they will have a large terrace, living/kitchen, with the upper level having 4 bedrooms, 2 luxury bathrooms, 1 with a jaccuzi and large terraces. The internal area is from 88 to 113sqr.m, with an additional 55 to 96sqr.m of terrace.As a special introductory offer the developer is offering a Plasma TV and a DVD player free of charge.INVESTMENT POTENTIALAs well as being a great place to spend a holiday, this development should prove to be a fantastic investment opportunity.Over the past 3 years the capital appreciation of properties in the area has averaged just over 27% per annum. By the time the apartments are finished (August 2008) the developer expects the price to have risen by between 27% and 30%.So, if you were to purchase a 2 bed apartment at £25,900, by completion the value would have risen to £35,479 (@ 27%). If you kept the property for 3 years, following completion you would expect the property to be worth £91,203 – a profit of £65,303.The apartments are ideal for rental and with a summer season of almost 9 months one could expect a rental return of between 8% and 10% per annum. At 8%, over the 3 years this would make £12,052. The on site Management company will help you find rentals if you wish.DEVELOPMENT FACILITIESThis complex offers the following facilities:Swimming pools. A large freeform swimming pool plus 2 children’s pools.Outdoor sports court. For basketball and soccer.Children’s play ground. With swings, slides etc.BBQ areas. Free BBQ and seating areas around the complexTurkish bathIndoor games room. With pool, table tennis, darts and playstation.Fitness centre. A fully fitted gym.2 x bars. Terrace bar and Pool bar, both with Sky TV.Restaurant. With room service available.Mini market. For all your daily needs.Laundry. With service wash available.Shuttle bus. A free bus service to the beaches, Altinkum and Didum.Reception. To handle key’s and make arrangements for transfers, cleaning etc. With full management service including rental agency.On-site Security24 hour Security serviceMAINTENANCE FEEThe annual maintenance fee will be approximately £400.PAYMENT PLANSThe refundable reservation fee is euros3,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.Option 1 (Full purchase price)40% within 30 days of contract40% 6 months after contract20% upon completionOption 2 (£500 discount)60% within 30 days20% 6 months after contract20% on completionOption 3 (£1,000 discount)90% within 30 days10% upon completionCOSTS AND FEESYou will need to allow for the following fees:Solicitors fees: £250 approximatelyAegean Army clearance: £150Translator: £90Notary: £70Power of attorney:£120 approximatelyElectrical connection:£125Water connection:£190You will also need to pay the Buyers Tax of 1.5% of the sale price.The above fees will need to be paid on signing of the contract.
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