Central Park in Ashkelon

Name: 📣 300$ — discount certificate
Start: 2020-05-14T08:42:04.807355+00:00
End: 2023-12-31T23:59:59+0000
Location: Central Park

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Project info

Object ID: 7320

Finished at	March 2019
Price, m²	From 3080$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	14
Apartments	450
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

92,400$

Net profit

5,906$

Payback period

11.4 years

Avg property value increase per year

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About the project

The project, located in the upscale Barnea neighborhood, has had a great deal of success and now it is time to expand and make the best of the best. Alongside the four buildings whose apartments have been sold, we are currently constructing two additional 14-storey buildings and a diverse mix of 3,4,5-room apartments, mini-penthouses and penthouses.

The high standard of the Gabay Group is reflected in every square inch of this project while thinking about the smallest details. The Gabay Group's rich experience enables us to lead the project in professionalism and excellence throughout.

The design of the apartments is characterized by large spaces and huge bedrooms built under very high construction standards. The design of the apartments is optimal, their design is impressive and includes rich and luxurious technical specifications. All of this creates a match between the apartments and the dynamic nature of the Israeli family.

Under the project towers you will find everything needed to create and grow the family. Beyond the Balfour Park, which includes lawns, sports grounds, a playground and fitness facilities, you will find a successful shopping center, 2 new and top quality kindergartens, new schools and country clubs. The sea is also within walking distance.

An exit interchange is currently being set up from the northern area of the neighborhood, which will significantly reduce travel time to Ashdod and Tel Aviv

Developer

The Gabay Group has been one of the oldest and leading construction companies in the real estate industry in Israel for over 30 years. The g…
Details about Gabay Group