Melek Residence in Mudanya

Name: Sales in Melek Residence started!
Start: 2020-02-26T12:20:43.866920+00:00
End: 2023-12-31T23:59:59+0000
Location: Melek Residence

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Project info

Object ID: 5342

Finished at	August 2019
Price, m²	From 2000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 53.00 m²
Floors	5
Apartments	55
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Spa Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

106,000$

Net profit

7,229$

Payback period

11.2 years

Avg property value increase per year

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Promos and discounts for Melek Residence

About the project

Melek Residence, which has the signature of Tugay İnşaat, consists of 55 apartments in 6 blocks. The project includes 1 + 1, 2 + 1 normal apartments, 2 + 1 and 3 + 1 roof duplexes. The project is built on a plot of 3,685 square meters. At Melek Residence, 1 + 1s are designed as 53 to 78 square meters, 2 + 1 normal apartments 103 to 114 square meters, 2 + 1 roof duplexes are 132 to 146 square meters, 3 + 1 roof duplexes are 212 to 217 square meters.

Halitpaşa Mahallesi is considered as the best investment region of Bursa Mudanya. 80 percent of new projects in Mudanya are rising in this region. Tugay İnşaat also chose Halitpaşa for its new project. In the boutique project of 56 flats, all of the flats have sea and nature views. Ideal for investment, the first 20 apartments in Melek Residence are sold at launch prices. Prices for the second 20 apartments will increase by 15 percent. Prices will increase by 15 percent in the last 16 apartments. Thus, Melek Residence will earn a minimum of 30 percent premium to its investors. 1 + 1's are exhausted in the project.

Developer

TUGAY CONSTRUCTION Tugay İnşaat, which was founded in Bursa in 1994 and started its activities, was born in Artvin Yusufeli in 1971, but is…
Details about Tugay İnşaat