ONTARIO-CORBEANCA | LTAS-T32095

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ONTARIO-CORBEANCA - $ 265,016

Home > Real Estate > Residential > For sale > Romania > Bucuresti > Mogosoaia > Detailed listing (LTAS-T32095)

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Why invest in Bucharest? (Capital city)•High unsatisfied demand for residential properties;(estimates of 300,000 units in demand and only 1,800 units delivered in 2007).•Local migration to Bucharest for the better-paid jobs (adds more pressure to the residential/rental demand).•Major Multinationals (Microsoft, IKEA,etc) establish headquarters in Bucharest (creates a demand for business rental).•Prices on new build are still cheaper than the old communist flats; Major investments in the infrastructure (Romania will receive €30billion EU funding between 2007-2012).•Low cost carriers flights are available from major UK airports (Easyjet, Ryanair).•Why invest in Ontario-Corbeanca?•Promotion in Progress (Call Now for 10% discount);•Excellent payment plan (10% initial capital requirement);•Exit plan(re-sell opportunities through our Romanian company before or after completion);•Brilliantly located close to forest and lakes - private posh residential area, hotspot for local celebrities;•Good access to Bucharest – 15 minute drive to Bucharest’s Financial centre and 5 minute drive to the Bucharest’s main airport Otopeni •Retail and leisure facilities nearby (hypermarkets and sports facilities within 2 mile radius)•Easy access to the mountain ski resorts (1h30min drive)Ontario-Corbeanca is being developed by a partnership of Romanian companies, all of them with a good track records and extensive local market experience. The developer is selling the project directly to clients with no middleman involved. This is an incredible investment, with a finance plan designed for high capital gain.Payment plan:•10% -Initial payment - as soon as you sign •25% -Structural work completed - September 08 •65% -Completion (mortgage) - July 2009(for investment other payment plans are available, contact us for more information) Pricing Strategy Development = 20houses Phase 1 first 4 units @ € 792 per sq metre built + VatPhase 2 next 4units @ € 872 per sq metre built + VatPhase 3 next 6 units @ € 951 per sq metre built + VatPhase4 next 6 units @ € 1030 per sq metre build+ Vat Q: Why is the property cheaper at the start of the development and then it goes up in value? A: As a developer, in order to get a better deal with the financing bank, we need to have a certain level of interest in the early stages of the project. Because of that, the first few apartments we sell almost at cost. To ensure our profitability, we increase the price towards the completion of the development, when it can easily be absorbed by the local demand. ConclusionsBecause you initially invest only 10% deposit, this means you may have a return on your investment right from the beginning, subject to market conditions. This will give you good start in developing your capital gain expectations. Note: Even if you achieve this good start, it is very difficult to sell these contracts straight away because you compete with us, the developer, in selling the apartments. However, towards the end of the development, when we finish selling, we would be interested in finding clients for your properties and in this way help your ‘exit' strategy. Q&AQ1) Can we offer a rental or furnishing service?A: We will once a development is completed.Q2) What is the rental yield for Ontario-Corbeanca, Bucharest?A: Assuming that you had your property completed at this moment in time,now you could achieve a rental of 1000 euros per month equivalent of a yearly yield of al least 6%, which would have covered the cost of your mortgage. Probably at completion 14 months later, rent will be more than 1000 euros as the area develops; accordingly you can achieve current rental yield.Q3) Guaranteed rental income?A: Guaranteed rental normally applies to holiday resorts where income from travel companies can be taken into account. This is not the case in an urban situation in Romania.Q4) Where can you meet us?A: You can either meet our knowledgeable team based in our London office or meet our colleagues in Romania. We also organise subsidised inspections trips to Romania for our clients. Contact us for more details.Key selling points / Investment justificationsPromotion in Progress (Call Now for 10% discount)10% initial paymentCurrent rental yield 6%Offices: London, Bucharest, BrasovExit plan (potential to re-sell through our Romanian offices) NO middleman involvedLocal market information at NO extra costFinancing available

PROPERTY FEATURES

Property type: House	Listing type: For sale
City: CORBEANCA	Region: Bucharest
Country: Romania	No. of bedrooms: 3
No. of bathrooms: 3	Balcony: Yes

FINANCIAL INFORMATION

Asking price: USD 265,016

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Prices may or may not include extra charges like taxes, home improvements, agency commission. Always verify details with the owner or broker.