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Look no further for what many beleive to be the best property investment in Romania. READ MORE...

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Page Views: 718
Added: 05/17/2007
Updated: 05/17/2007
Advert ID : 50569

About this 3 - Terraced
Melbourne Residence A Prime location Situated within Tunari, one of the fastest growing residential and commercial areas of Bucharest, the superior Melbourne 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 8% - 12% has been forecast by the developer. Tunari is located just 3km from Otopeni international airport, 3km from the new Baneasa shopping district, soon to be the largest shopping precinct in South East Europe, and just 7km from Bucharest city centre. Combine this close proximity to modern convenience with the tranquillity of the surrounding forests and lakes and it’s easy to see why Melbourne 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 Melbourne 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 spacious three bedroom townhouses are ideal for Romanian families, career couples and expat professionals 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 * 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 in the mid – high end sector, 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 *s piece of mind and assist in managing property portfolios. The fee will be 9.5% + VAT. Unsurpassed quality A range of townhouses are available, each offering three bedrooms complete with fitted wardrobes, 2.5 fully fitted bathrooms and fully finished kitchens with quality appliances. The spacious living area in each property provides the perfect environment for family and entertaining. Externally every Melbourne property benefits from having a private landscaped garden and terrace, plus private parking. Some Melbourne homes are also available with walk-in wardrobes to the spacious master bedrooms and optional smart-home technology. The Villas The residential compound will comprise 71 properties affording modern, clean and contemporary designs that merge with open spaces and a focus on functionality and accessibility. Interior specifications High quality finishes and state-of-the-art facilities are the standard. There are four individual designs of property; all strive to meet the strictest of practicality and aesthetic needs: 3 bedrooms, 2 bathrooms, downstairs cloakroom and open plan living area. All Melbourne villas 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 • Optional smart-home technology Exterior specifications With luxurious living areas ranging from 124 to 156 sqm, the intelligently partitioned homes are a showcase of quality materials and design. All homes provide parking and come complete with private, landscaped gardens ranging in size from between 31 - 89 sqm. In addition, the development will have all infrastructure completed to international standards which will include high quality paved and landscaped internal roads and footpaths as well as an exclusive, modern and safe playground, that is sure to make the entire family happy. • Parking • Covered terraced areas • Secure gardens • Balconies for many bedrooms 10 year guarantee The Melbourne development, scheduled for completion in the last quarter of 2007, 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.
City/Town:	Bucharest
Address of Property:	Tunari
Postcode/Zip:	R1 [map]
Bedrooms:	3
Reception Rooms:	2
Bathrooms:	3
Type of Property:	Terraced
Price:	EUR 131000.00 [convert]
Features
Central Heating:	Electric
Burglar Alarm:
Parking Facilities:	Drive
Gardens:	Front & Rear
Double Glazed:	Yes
Near Shops:	Yes
Near School :	Yes
Loft:
Utility Room:	Yes
Patio:	Yes
Extra Features


Area Information
Situated within Tunari, one of the fastest growing residential and commercial areas of Bucharest, the superior Melbourne 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 8% - 12% has been forecast by the developer. Tunari is located just 3km from Otopeni international airport, 3km from the new Baneasa shopping district, soon to be the largest shopping precinct in South East Europe, and just 7km from Bucharest city centre. Combine this close proximity to modern convenience with the tranquillity of the surrounding forests and lakes and it’s easy to see why Melbourne offers the perfect opportunity for investors looking to maximise on rental return.
Contact Information
Email Seller:	Email Seller
Contact person:
Advertiser Type :
Phone:	+44 (0) 1270 751076
Sellers City, County :	Weston United Kingdom
URL:	http://www.gecko-property.com
Map:	View property location
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