Sky Tower in Bursa

Name: Sales in Sky Tower started!
Start: 2020-03-16T11:24:50.726726+00:00
End: 2023-12-31T23:59:59+0000
Location: Sky Tower

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Project info

Object ID: 5849

Finished at	May 2019
Price, m²	From 1570$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	35
Apartments	102
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Commercial area Near supermarket
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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

109,900$

Net profit

7,813$

Payback period

10.9 years

Avg property value increase per year

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About the project

The Sky Tower project, which will be realized by Sky Group, is coming to life on Istanbul Street, the rising region of Bursa. Sky Tower project consists of 102 offices and 60 open shopping malls, which will be located on a 10 thousand square meter land. The offices are designed to vary between 70 square meters and 250 square meters. Sky Tower project will be the highest business tower in Bursa. With these features, it was deemed worthy of the best office project of 2017 and office project that adds value to the region at the Stars of the City Real Estate Awards. The closeness to the Forensic Medicine Institute, the New Courthouse and the New Police Department, which will be built just behind the Sky Tower, becomes a center of attraction with its valuable location as a project. The project includes intensive security archive rooms, fitness hall, meeting rooms.

In the Sky Tower project, the parking garage is shared as an open shopping mall. In the project, office owners are offered the opportunity to work in a safe environment with security cameras 24/7. The project, which is planned to be delivered in May 2019, is expected to provide its buyer with over 50 percent perim.