Locamahal Veliefendi in Istanbul

Name: Sales in Locamahal Veliefendi started!
Start: 2020-02-18T06:58:08.964888+00:00
End: 2023-12-31T23:59:59+0000
Location: Locamahal Veliefendi

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Project info

Object ID: 5086

Finished at	December 2020
Price, m²	From 1710$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 99.00 m²
Floors	13
Apartments	1262
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Fitness Pool Kids playground Nearby subway stations Zeytinburnu 9 min Mithatpaşa 10 min Merter 13 min Akşemsettin 17 min Mehmet Akif 18 min Bakırköy 21 min
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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

169,290$

Net profit

9,376$

Payback period

14.4 years

Avg property value increase per year

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About the project

The Istanbul-based Locamahal Veliefendi project is run by Kiptaş, which operates within the Istanbul Metropolitan Municipality. Kiptaş, a private company founded in 1987, has completed many constructions up to now and among these, there are projects such as Venezia, Vaditepe Gölevleri, Yeşilce Aydos. The Locamahal Veliefendi project, which has a land area of 36.000 m2, consists of 8 blocks with 13 floors each and a total of 1.262 apartments. Sümer Mah. Professor Dr. Turan Güneş Cad. The construction of the project at Veliefendi 34025 Istanbul is still ongoing and is planned to be completed in the last quarter of 2020.

Locamahal Veliefendi, as can be guessed from its name, is located on the upper street of Veliefendi Racecourse. The project, which has direct access to the E-5 highway, is also only 5 minutes away from Zeytinburnu metro stop. In other words, it is possible to reach the project easily both by automobile and public transportation. In the immediate surroundings of the Locamahal Veliefendi project, there are also important locations such as Sante Plus Hospital, Marmara Forum AVM and Istanbul Training Hospital. Project residents; It can benefit from 650 meters long sports track, butterfly garden, playgrounds, 7/24 security, parking garage and indoor swimming pool services.

The apartment options in the Locamahal Veliefendi project are as follows:

• 2 + 1 (varying between gross 99 and 128 m2)

• 3 + 1 (varying between gross 154 and 178 m2)

• 4 + 1 (gross 207 m2)

Developer

KİPTAŞ was established in the name of İMAR WEIDLEPLAN with a foreign capital partnership in 1987 in order to perform development plans and a…
Details about Kiptaş