Folkart Towers in Izmir

Name: Sales in Folkart Towers started!
Start: 2020-02-25T10:40:06.165475+00:00
End: 2023-12-31T23:59:59+0000
Location: Folkart Towers

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Project info

Object ID: 5289

Finished at	February 2020
Price, m²	From 1517$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	46
Apartments	300
Building phase	Completed
Condition	Black walls
Ceiling height	3.80 m.
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

113,775$

Net profit

8,283$

Payback period

10.7 years

Avg property value increase per year

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About the project

Consisting of two 40-storey towers with a height of about 200 meters, Folkart Towers has a residence, office, sports complex and shopping center. In the Folkart Towers project, which was built with an investment of 150 million dollars, the floor height of the residences and offices was determined as 3.8 meters. In the project, the areas of residences vary between 75 and 220 square meters, and the areas of offices vary between 60 and 1170 square meters.

Folkart Towers project rising in Bayraklı, which is declared as the new business and living center of İzmir, consists of two 40-storey towers. The Folkart Towers project, which has the title of the tallest building in İzmir, became the symbol of the city. The project includes 8-18 floors of residences and 18-43 floors of offices.

Developer

Established in 2006 by Saya Group, Folkart Yapı is committed to satisfying its customers by providing comfort and luxury in the form of excl…
Details about Folkart Yapı