1 - Bed Apartments for Sale in Sochi, Russia - £42,894
Sochi, Krasnodar, Russia
Property ID: 27227239
Summary Data
| Price | £42,894 |
| Price Type | |
| Bedrooms | 1 - Bed |
| Bathrooms | 1 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Apartments |
| Subtype | Studio |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This top quality development called " Kamelia Park" is situated in the heart of "Krasnaya polyana" just a few miles away from the mountains and the main ski trails, 1km away from the nearest railway station, 43 km from Adler airport, 50 km away from the Olympic Park and 45 km from the Black Sea.
Krasnaya Polyana is situated few kilometres away from fast developing world class ski resorts of Rosa Khutor, Gorki Good and Gasprom which provide tourist with entertainments, stars concerts and ski facilities all year round.
Infrastructure of the development:
Kamelia Park" will comprise 4 blocks with the 2 blocks being for residential usage, block 3 is a sports complex with swimming pool, with wellness centre, spa resort, gym and mansard chill out area. The 4th block will house parking for 160 cars and commercial premises consisting of shops, lobby atrium, nursery playground, beauty salon and restaurants.
Apartments in "Kamelia Park" will be equipped with modern heating , ventilation and air conditioning systems, fire alarms and high speed Wifi and TV.
The development also boasts year round security services provided by the management company with high tech video system.
Management of apartments will be available for your convenience. Apartments can be rented all year round with highest daily rates in high season from December till February.
Sizes and cost:
The apartments vary in size from 27.2 m for the studio flats up to 106m for the larger 2 bed apartments.
The apartments are priced on size at a rate of 110,000 rub per sq m which equates to approx. £;1,527 per sq m ; meaning a studio apartment of 27.2 m x 110,000 =2,992,000 rub which is £;40,986; ( all calculations is based on rate of £;1=73 rub on 5/01/2017)
Apartments are sold without decorations and fittings.
For an additional 25,000 rub per sq m= £;342 per sq m the management company can provide decorations and fittings of a very high standard as per the pictures which comply with the high standards required for a great rental income with high rental yields.
Completion dates:
The development is due for completion by the end of 2018.
Comparables:
Other developments of similar standard in the Krasnaya Polyana and Sochi regions, are being sold on completion at 200,000 rub per sq m( £;2,739 per sq m). So investing in Krasnaya Polyana is not only giving you the opportunity to own your own luxurious holiday home with outstanding rental potential, but also great investment with expectations of at least 50% capital appreciation on completion.
Key facts:
Year round tourist destination
Luxury apartments start from approx. £;40,000;
World class Ski resorts
Developed infrastructure, luxury hotels, restaurants, wellness centres and Casino
Great capital appreciation potential with high rental yields;
Black Sea is just 45 km away with micro subtropical climate all year round and just few km away
Direct charted flights from Europe( Berlin) and Moscow, etc.
Key facts and why to invest in Sochi region:
Great Summer Holiday and Mountain Ski destination
Capital appreciation from 30% a year
Rental Yields from 15% a year
Full management and monitoring of your investment from start to exit
Quick conveyancing process of purchase/sale of approx. 1-2 weeks
Trustworthy and credible developers
Investment in off-plan properties is insured to minimize risk
Economic indicators point to oil and commodity prices strengthening which is positive for both the Rouble and the Russian economy
Russian rouble has strengthened 20% compared to sterling since summer Brexit announcement and has tendency to strengthen even more in 2017 according to trustworthy Bloomberg agency and others; It means that if you invest in Russian properties and pound has further tendencies to weaken you will get extra income on the currency exchange too.