Varyap Yalikavak in Bodrum

Name: Sales in Varyap Yalikavak started!
Start: 2020-03-06T10:13:29.000260+00:00
End: 2023-12-31T23:59:59+0000
Location: Varyap Yalikavak

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Project info

Object ID: 5608

Finished at	June 2018
Price, m²	From 900$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	4
Apartments	60
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Fitness Pool Kids playground
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

63,000$

Net profit

7,813$

Payback period

6.2 years

Avg property value increase per year

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About the project

The Varyap Yalıkavak project, the construction of which started in March 2016, is built on Tilkicik Bay on a 22,000 square meter plot. In the project where there are 60 residences, there are different types of residences from 1 + 1 to 4 + 1 in residences, duplexes and villas. Varyap Yalıkavak project has a construction area of 30 thousand square meters. In the project, the areas of residences vary between 70 and 200 square meters.

Varyap'ın, Turkey's second project in Bodrum vacation paradise spends his life. The promotion of the "Varyap Yalıkavak" project, which started to be built in Tilkicik Bay, the most popular region of the last period, was held on September 30. The Varyap Yalıkavak project, which has a world-famous hotel, attracted great attention before the launch: A block with 23 apartments was offered for sale primarily. Sales of 12 apartments have been completed. Interviews are made with world famous hotel brands related to the hotel in the project. Other apartments will be offered for sale when a decision is made about the hotel.

Varyap Yalıkavak project, built on the last plot in Bodrum Yalıkavak, was offered at an affordable price compared to other projects in the region. During the launch period, the residences, whose square meters increased from 5,000 euros, are expected to cost 9,000 to 10,000 euros per unit. Varyap CEO Erdinç Varlıbaş said that the project will make a 300 percent premium. Varlıbaş stated that they are continuing their work for 2 new projects in the Bodrum region.

Developer

Founded in 1975 as a real estate development, construction and contracting company, VARYAP today undertakes major projects that add value to…
Details about Varyap