| Portfolio
Distress Sales ‘Discovery Trip’ March ‘08
Kusadasi
First batch, for indicative purposes. Once a trip is booked, we are able to devise a portfolio to inspect during the course of a given discovery trip. From our representative(s) looking over the last few days we can confirm that there will be more forthcoming, exclusively to us in the UK shortly (and certainly pre-March ‘08’).
Property 1
3 bedrooms, approx 95 sq metres. Both on sale, £57K buys both (equates to £28.5K each), needs estimated £25K to refurb/complete. Suggested worth £120K as pair on finished sale. ROI +£38K guide
Property 2
3 bedrooms, approx 95 sq metres. Asking £34K needs £13K-£15k refurb. Suggested can be sold for £60K (note: next door property is on sale for £57K). We already have satisfied customers of distressed sales in proximity of this property that available for consultation. Bonus: swimming pool is planned and permissions are already applied for. ROI +£13K guide
Property 3
3 bedrooms, approx 90 sq metres. Asked price is £42K needs only £4K-£6k can be sold for £55K. But cash wanted immediately, so needs to be paid all at once to a Turkish National initially. We can organize. We already have distressed sales in proximity of this property that available for consultation. ROI +£9K guide
Property 4
3 bedrooms, 90 sq metres, three of them available (connecting to each other), 200 metres only to the beach (close to another of our customers), in front of swimming pool. Each is £52K, each needs £4K-£6K. Estimated sale price on completion sold for £70K. So potential £42K profit on purchase of stock of three. ROI +£42K guide
Property 5
3 bedrooms 95 sq metres, another site down from one of our clients. £40K. Needs £12K-£15K. Can be sold for £55K-£60K. ROI +£8K guide
Property 6
3 bedrooms 95 sq metres, £42K. £12K to complete. Estimated retail at £60K. ROI +£6K guide
Property 7
3 bedrooms 95 sq metres, next site from client’s, price not confirmed but advised £52K, needs absolutely nothing doing. Can be marketed immediately for sale at £60K. ROI +£8K guide
Property 8
3 bedrooms, 95 sq metres, 50 metres to beach (“love beach”) front trees have picnic area, 50 metres to small marina for speed boats etc. Site has large swimming pool and large children’s pool. Great value, will be delivered as fully finished, 5-6 houses are already completed. Delivery date end of Summer 2008, current special price is £79,000. 5-6 houses available - can be sold after finished estimated worth at least £100K-£120K. ROI +£21K (+£126K at least for portfolio) guide
Property 9
Popular “ladies beach”. 1 km to beach, 2 km to city Centre, on dolmus route, price is £46K. £13K-£15K needed to finish. Can be sold at £65K-£70K. ROI +£11K guide
Note: Return on Investment (ROIs) not withstanding 20-30% increase in prices per annum.
Terms and Conditions: Turkish Homes Abroad Ltd for itself and for the Vendor(s) and any other Turkish Estate Agent or Developer of this property whose sub-agents they are, give notice that: 1. These particulars to not constitute any part of an offer or contract; 2. All statements contained in these particulars are made without responsibility on the part of Turkish Homes Abroad Ltd or any other Turkish Estate Agent or Developer or the Vendor(s); 3. None of the statements contained in these particulars are to be relied upon as a statement or representation of fact; 4. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars; 5. The Vendor(s) and/ or any other Turkish Estate Agent or Developer of this property do not make or give, and neither does Turkish Homes Abroad Ltd, nor any person in its employment, have any authority to make or give any representation or warranty whatever in relation to this property.
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