City: Bucharest Region/State: Lacul Country: Romania Location: Urban
Type: Apartment Status: For Sale
Full Description: Situated within Tunari, one of the fastest growing residential and commercial areas of Bucharest, the superior Adelaide development is in a prime location to benefit from increasing property values. Vigorous investment in infrastructure and the continued Northern expansion of Bucharest mean this is fast becoming an extremely desirable location and an annual rental return of 6% - 10% has been forecast by the developer depending on the size of the apartment.
As part of a whole suburb being created by the developer over the next 10 years in conjunction with the local planning authority Adelaide offers a superb investment.
Aimed at the Romanian market rather than foreign investors you can expect higher yields than the standard tower blocks planned by other developers
Tunari is located just 3km from Otopeni international airport, 3km from the new Baneasa shopping district, the largest shopping district in South East Europe. Combine this close proximity to modern convenience with the tranquillity of the surrounding forests and lakes and it’s easy to see why Adelaide offers the perfect opportunity for investors looking to maximise on rental return.
The residential and commercial “City Centre” of Bucharest has actually moved to the North of the city, within 3km of Adelaide Residence, due to the constraints of the old centre such as traffic congestion. The new super highway from Bucharest to Brasov, and then North through Romania, will also pass within 3km of the development, international schools, such as the American School, are only 1.5 km away.
High rental potential
These well designed one and two bedroom apartments and three bedroom duplexes are ideal for single Romanian professionals, career couples and young families working in the near by commercial districts, offering a minimal commute with the advantage of a rural retreat on the doorstep. Rental potential is high with the increasing number of blue chip companies being attracted to the country’s capital by the scale of investment, both domestic and international, it is currently experiencing.
Global companies such as Vodaphone, Orange, Phillip Morris, Carrefore, Kraft and Ikea plus many more have opened within this area and are obviously major employers, giving a superb client base for potential tenants from both the local Romanians and some 30,000+ expats. One attraction for these blue chip companies is the Romanian workforce itself, the majority of Romanians are highly skilled and educated and as a result are now well paid giving rise to a new middle-class. The huge housing shortage, especially for quality low rise apartments, coupled with the enviable location offer a fantastic investment.
The developers will create a rental management company providing a fully managed service – unique in Bucharest at present - to give clients piece of mind and assist in managing property portfolios. The fee will be 9.5% + VAT.
Unsurpassed quality
A range of apartments are available, each offering one or two bedrooms complete with fitted wardrobes, fully fitted bathrooms and fully finished kitchens with quality appliances. The meticulously designed living area in each property provides the perfect environment for modern living. Externally every Adelaide apartment benefits from private parking. Some Adelaide apartments are also available gardens and optional smart-home technology.
Two types of duplexes are available, both offer 3 bedrooms complete with fitted wardrobes, 2 fully fitted bathrooms, guest toilet and fully finished kitchens with quality appliances.
Interior specifications
High quality finishes and state-of-the-art facilities are the standard. There are various individual designs of property; all strive to meet the strictest of practicality and aesthetic needs.
All Adelaide apartments come as standard with the highest quality materials and finishes:
• Fully fitted kitchens with appliances
• Fully fitted bathrooms
• Wool carpets in the bedrooms
• Solid wood flooring
• Built-in wardrobes
10 year guarantee
The Adelaide development, scheduled for completion in the first quarter of 2008, is brought to you by an experienced and well respected developer. The quality of finish of each apartment is unsurpassed by other entry level developments in Romania and every property comes with the reassurance of a 10 year builder’s guarantee. In addition, unlike many other developers within Romania, their commitment to investment in infrastructure means you can rest assured everything you need to maximise on rental return and capital growth will be in place.
Home Features Air Conditioning Alarm Balcony Cable/Satellite TV Carpeted Floors Dishwasher Electricity connected Hardwood Floors Microwave Patio/Deck Sewerage connected Swimming Pool Telephone connected Washer/Dryer Water connected
Locality Features Entertainment Hypermarket Local Shops Pool Restaurants Spa/Jacuzzi Sports Complex
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