Biva Tower in Izmir

Name: Biva Tower
Brand: Biva Mimarlık
SKU: 5365
Availability: InStock

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Project info

Object ID: 5365

Finished at	December 2020
Price, m²	From 2200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 59.00 m²
Floors	32
Apartments	96
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Fitness Pool Kids playground
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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

129,800$

Net profit

7,229$

Payback period

13.7 years

Avg property value increase per year

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About the project

The name of the project to be implemented in Bayraklı, one of the favorite regions of İzmir, was Biva Tower. As Turkey's highest steel-framed building project will be implemented with attention this feature. The Biva Tower project consists of 32 floors and contains 96 units independent from each other. In addition, there will be 8 commercial areas in the project. In addition to its structural feature, Biva Tower project does not escape attention with its location. The apartments in the project are designed in 1 + 1, 2 + 1, 3 + 1 and 4 + 1 concept. 1 + 1 flats in the Biva Tower project are offered to its buyers as 59 square meters, 2 + 1 flats between 103 and 127 square meters, 3 + 1 flats between 168 square meters and 180 square meters, and 4 + 1 flats as 253 square meters.