Varyap Plaza in Istanbul

Name: Sales in Varyap Plaza started!
Start: 2020-03-06T10:24:28.423697+00:00
End: 2023-12-31T23:59:59+0000
Location: Varyap Plaza

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Project info

Object ID: 5609

Finished at	April 2019
Price, m²	From 855$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	5
Apartments	278
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Near supermarket Nearby subway stations Aydıntepe 5 min Güzelyalı 7 min İçmeler 15 min Tersane 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

51,300$

Net profit

7,229$

Payback period

5.4 years

Avg property value increase per year

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About the project

The Varyap Plaza project, consisting of a 9-storey single block, has a horizontal architecture. Varyap Plaza project, which has a panoramic view of Marmara Sea and Islands, is located at the zero position to Pendik E-5. Varyap Plaza has archive rooms, equipped security, pharmacy, copy center, private dining rooms, parking lot, ATM, restaurant, hairdresser, dry cleaning, tailor and IT services.

It is a candidate to be one of the most prestigious projects of the region in the Varyap Plaza project, which is located close to Tuzla Shipyards, Gebze-Harem E-5 Highway, Sabiha Gökçen Airport, Haydarpaşa-Tuzla Railway. Ideal for both business life and investment, Varyap Plaza's office unit rentals range from $ 12 to $ 15 per square meter.

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