Kervansaray Konutlari in Erzurum

Name: Kervansaray Konutlari
Brand: Bostancıoğlu Gayrimenkul
SKU: 6044
Availability: InStock

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Project info

Object ID: 6044

Finished at	December 2018
Price, m²	From 380$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 120.00 m²
Floors	12
Apartments	300
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

45,600$

Net profit

9,376$

Payback period

3.9 years

Avg property value increase per year

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About the project

Turkey's panhandle decorated by famous interior designer from Selim Yuhay's signature, which is the largest project in the real estate Bostancıoğlu-site Caravanserai Housing are coming to life in Palandöken district of Erzurum projects rising. The Kervansaray Houses project consists of 300 apartments that will be located on a 22,200 square meter land. The project includes 2 + 1, 3 + 1, 4 + 1 and 5 + 1 apartments. In the Kervansaray Houses project, 2 + 1 apartments are 100 square meters net, 3 + 1 apartments are 157 square meters net, 4 + 1 apartments are 200 square meters net and 5 + 1 apartments are 245 square meters net. The project impresses with its social facilities. The Kervansaray Houses Project includes children's playgrounds, fitness room, swimming pool, spa, Turkish bath, sauna, and wellness areas. The project is located 500 meters from shopping malls, closest to transportation stops, 200 meters from the biggest city hospital to be built in the region. This location adds value to Kervansaray Houses.