Off-plan city centre Istanbul investment apartments for sale with guaranteed rental income. Luxury apartment in Kagithane for sale with on-site facilities & nature views.
Turkey Homes is delighted to present this off-plan development of luxury apartments in Istanbul for sale in the central area of Kagithane, one of the fastest-growing city centre areas sitting slightly north of Taksim Square and 8km west of the Bosphorus coastline.
Kagithane used to be a working district from the 1960s, as it became a huge industrial area with numerous factories, and gained its name from the paper factories, with the name translated as 'Paper House'. This gave the area an influx of industrial workers who moved here for jobs, with the workers building illegal homes and the government turning a blind eye. In recent years, a regeneration program has seen these homes pulled down and replaced by legal modern homes with lovely residential complexes for the local residents.
Its central location serves as a hub for the new Istanbul airport, situated to the north-west in the Arnavutkoy area, which opened its runways in late 2018 and is set to be one of the largest airports in the world, expected to handle 150 million passengers every year, all making the Kagithane area ideal for property investment in Istanbul, along with its close proximity to other central areas such as the financial centre of Maslak and its excellent transportation systems to many other parts of the city.
Project Location & Details
This ongoing development of conceptual apartments for sale in Kagithane is found in a rather green area despite being part of the city centre, close to the Kagithane stream and a large green park area with city and nature views.
Situated a 3-minute drive from the E-5 highway, 5-minutes from the TEM highways and 10 minutes from either the 15 July Martyrs Bridge or the Fatih Sultan Mehmet Bridge, whilst walking distance to various bus stops and 3-minutes from the Kagithane Metro station, thus, reaching the city centre attractions in less than 15-minute the airport in 30-minutes, or the northern tip of the Golden Horn in 5-minutes.
Amenities in Kagithane are more than ample for tourists and local residents, with numerous shops and supermarkets, schools, colleges, banks, medical centres, chemists, parks, and an abundance of bars, cafes, coffee shops, restaurants, etc., that are accessible within a short walk, whilst nearby hospitals, universities and shopping malls can all be reached in no more than 10-minute drive.
It is a modern and conceptual project that comes from a well-known and trusted Istanbul developer who assures that the buildings will adhere to the latest regulations set by the government of Turkey for safety and insulation.
To host four interconnecting glass facade blocks of 7 floors, of which will offer a total of 144 residential units ranging from standard studios and apartments with 0-2 bedrooms and several 2 bedroom duplex apartments, whilst a communal garden will feature on all floors and the ground floor will host a selection of on-site facilities that will include:
All this will also be watched over 24/7 by cameras and security services for your peace of mind and safety.
“The shared living concept means that you will be part owner of most of the facilities and will be free to use by you or your guests, thus, lower than average communal fees, whilst the management team will offer a rental service to give you an approximate 5% guaranteed rental income per annum with owners offered the use of their property for 15 days a year.
However, the investor can leave the ‘rental income pool system’ and live in his apartment without the 15-day limitation”.
Units For Sale and Developer Pricing
Studio units, 47 m2 – 66 m2, priced from 276,000 USD to 382,400 USD
1-bedroom units, 106 m2 – 129 m2, priced from 619,700 USD to 751,300 USD
The title deeds are ready to hand over upon purchase. Therefore, no cash buyer discounts or payment plans are available; cash payment only.
All four blocks will be accessed from the secure reception lobby area that will provide lifts and stairs to each floor, whilst all homes will be entered through a steel security door and connected to the main entrance via a video intercom system.
Layouts are all open-plan, and each home will feature a fully fitted modern kitchen with quality units and work surfaces along with built appliances, an oven, a hob and an extractor fan, whilst all will be fitted with a gas central heating system.
Ample natural light will fill each room via floor-to-ceiling windows and patio doors that will open to glass balconies or French balconies, all to offer views over the city and the local green area, whilst modern spotlights will feature all rooms.
Floors throughout will be laid with laminate except for the bathrooms, which will be tiled from floor to ceiling with the latest modern shower and vanity units, etc., whilst living areas and bedrooms will be fitted with the infrastructure for air conditioning units to be fitted at your expense.
Overall, these off-plan modern apartments for sale in Istanbul are ideal for any reason, frequent city breaks or business trips, year-round living in the heart of the city or excellent city-centre investment in Istanbul with a guaranteed annual rental income, very close to major roads and public transport for easy city and airport access, ample local amenities either within walking distance or a short drive and co-owned on-site facilities.
Contact the Turkey Homes team of Istanbul property advisors today for more details, prices and availability. We endeavour to answer all your Istanbul real estate questions, provide objective advice and guide you through every aspect of the Turkey property buying process.
The vast vibrant city of Istanbul is one of the most visited cities in the world, and the only city in the world to be on two continents, with just the narrow straits of the Bosphorus sea separating Europe from Asia.
Tourists flock to the well-known areas of Taksim Square and Sultanahmet to see the amazing ancient architecture and the popular attractions of the city, however, the city centre stretches much further to include the busy business centres of Maslak and Levent, the up-market shopping area of Nisantasi to name a few, with these areas all being popular places to live for city workers.
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