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Green Park Concept in Timisoara

Name: Sales in Green Park Concept started!
Start: 2020-01-06T08:47:19.934282+00:00
End: 2023-12-31T23:59:59+0000
Location: Green Park Concept

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Project info

Object ID: 3353

Finished at	December 2019
Price, m²	From 1180$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 71.00 m²
Floors	6
Apartments	36
Building phase	Facade finished
Condition	Black walls
Construction type	Monolyth
Security	Intercom
Conveniences	Parking Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

83,780$

Net profit

8,283$

Payback period

7.9 years

Avg property value increase per year

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About the project

Building location

At the exit from the city of Timișoara in the direction of the commune Giroc, on the street Calea Timișorai is located the new residential complex "Green Park Residence". The location (Girocului area) of the building is characterized as green and airy with a young infrastructure constantly developing. Not far from the complex is the Lidl market, it is pharmacy, gym, home goods store, children's goods store and public transport station.

Description of the real estate project

The residential complex "Green Park Residence" is represented with a completely finished apartment building and built with an exclusive look in a Mediterranean architectural style and has a ground floor project plus 4 residential levels and the 5th floor is retired. The apartment block has by a state-of-the-art interior elevator, which has a low level of traffic jam.

For the personal transportation of the residents, a total of 46 parking spaces (all above ground) are organized in the complex's yard. The courtyard of the residential complex is fenced and is well lit on the perimeter and on the parking lots. Also in the yard are arranged plots and green areas planted, and for relaxation there are banks.

Developer

Starting with the year 2000 we are active on the real estate market in Timisoara, initially by building commercial spaces and interior arran…
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