REF-IPI: This Bucharest city centre development ?Evocasa Selecta? has 79 luxury apartments in a flagship building, created by a renowned Romanian developer. It offers high quality build specifications and a low entry investment.

Investment Indicators
? Emerging Market
? High Rental Potential
? High Capital Appreciation
? Favourable Payment Terms
? Luxury Development

The Investment
?Prime city centre location
?30% capital growth projections for year 1 of investment
?Projected 5-9% rental yields
?Mortgage finance available: 75% loan to purchase with 25 year term at between 5.95-10% interest rates
?Bank guarantee
?2,250 EUR per m2 (was 1,250 EUR in 2005, reflecting rapid growth in the city)
?The second largest consumer market in Central and Eastern Europe
?Currently among the most developed economies in South Eastern Europe
?EU structural funding will grow to 30 billion EUR from 2007-2013 (the largest allocation within Europe)
?Only 2.6% unemployment in Bucharest

PRICES:
1 bedroom Apartments from 148,708 EUR, from 60sqm
2 bedroom Apartments from 262,594 EUR, from 114sqm
3 bedroom Apartments from 363,826 EUR, 163sqm

Development Description
Set in a quiet yet exclusive neighbourhood of Bucharest's city centre, this 79 unit luxury residential apartment building will consist of one, two and three bedroom apartments. It is destined to be one of Bucharest's landmark buildings, with high-end retail space on the ground level.

The Facilities
? Underground parking
? Ground floor designer retail shops

The Exit Strategies
? Rental yield potential of 5-9%
? Deficit of executive level housing in growing city centre
? Can re-assign to a third party after 25% payment of the purchase price has been met, with a 30-day prior notice once the developer has sold all units

The Security
Jinga & Associates confirm the following have been verified:
? The building license
? The land title confirmation
? The bank guarantee in place
Investors are always advised to seek professional legal advice to assist them with their purchases.

The Developer
A well established leading Romanian real estate development company active in markets across Central & Eastern Europe.
? They have emerged as a powerful regional player with operating subsidiaries and development partnerships in Romania, Moldova, Ukraine, Croatia and Turkey
? In these markets, the company is developing dozens of innovative projects, representing several million square meters of construction in planning and execution
? Thanks to a team of seasoned international and local development professionals, the company is bringing to market thousands of new affordable, high-quality residential units, as well as office and commercial space for local and global corporations participating in the region's economic growth

Potential Capital Appreciation
Per annum 30%
Potential Rental Income
Per annum 7%

Development Timetable
Construction Start: 3rd Quarter 2007
Construction End: 1st Quarter 2010

The Design
Aesthetics & Environment
? High quality architecture for the building's facades, cutting-edge interior design for individual units, lobbies and other common surfaces, and world-class landscaping for public-use outdoor areas
? The developer ensures that each project meets European design standards by executing the project plan with a team of architects and combining well-known international firms with talented local expertise
? Apartments are designed to provide maximum privacy and comfort for each member of the family
? Bathrooms and kitchens are planned and equipped in an intelligent fashion
? Maximum standards of comfort are ensured with on-site storage areas, ample parking spaces, and top-of-the-range heating and air-conditioning systems

Quality, Safety & Security
? All the developer's projects are designed with the greatest attention to quality, safety and security
? Quality is ensured by using the highest standards of materials, finishing and workmanship
? Construction meets with the strictest international regulations for earthquake and fire resistance

The Units
? The development consists of 79 one, two and three bedroom apartments
? The one bedroom apartments range from 66.7m2 to 114m2, not including balconies (where applicable)
? The two bedroom apartments range from 114m2 to 151m2
? The three bedroom apartments are all 163m2 with 11.8m2 balconies

The Rental Potential
? Located in a highly desirable area of Bucharest
? Demand for business-class housing close to the centre
? Average rental yields between 5-9% per annum

The Rental Potential
Quality construction and location mean the development can expect to receive rental yields of approx. 5-9% per annum
Average current weekly rental return for each unit type:

1 bedroom apartment: 400 - 500 EUR per week
2 bedroom apartment: 650 EUR per week
3 bedroom apartment: 800 EUR per week

Rental Guarantee
Currently there is no rental guarantee available; however, there is a possibility in the future for one to be put in place.

Location Details
Bucharest is divided into 6 official districts (sectors), numbered from 1 to 6 and each has its own mayor and council.

The development is located in District 2 of Bucharest and is located close to local transport, schools, playgrounds, gym, shopping and medical centres.

By Air - Connections
Bucharest has good connections with most European capitals and with the larger cities in Romania, although it can be difficult to find a direct flight to Bucharest from outside of Europe.

Discount air companies have been operating flights to Bucharest since 2004, but it was only in late 2006 - early 2007 that the number of such flights seriously began to grow.

At this point there are a number of low-costs flights to Bucharest using Blue Air or Sky Europe from various destinations in Italy, Spain, Germany, France, the UK, Belgium and Hungary.

Airports
Most flights, both international and domestic, land at the Henri Coanda International Airport, located in Otopeni, 18 km north of downtown Bucharest.
The airport, built in 1968, underwent a massive modernisation programme in the late 90s and is set to be further enlarged. It is the main hub for the Romanian flag carrier, Tarom, and is used by the major international airlines.

The smaller Aurel Vlaicu International Airport is located at Baneasa, about 4-6 km to the city centre, and is used primarily by business, charter and low-cost airlines: BlueAir, WizzAir, Easyjet, SkyEurope, Germanwings , MyAir. Note that this airport is amazingly small (only 3 gates), with outdated facilities and becomes extremely crowded especially during the charter season (June-September and December), as it was built to handle a tenth of the passengers it actually handles. The runway and taxi ways were thoroughly modernised in 2007, and a new terminal building is now under construction. Free wi-fi is available.

By Train
Bucharest is linked through direct daily trains to all neighboring countries' capitals (Belgrade, Budapest, Chisinau, Kiev, Sofia), as well as to Wien, Venice, Thessaloniki, Istanbul, Moscow and of course to main cities in Romania's 41 counties. All international trains and most long distance internal trains arrive at Gara de Nord (Northern) station, located quite near of the city centre, which is linked by subway and several buses, trolley and tramway lines.
Some trains to and from the Black Sea Coast use either Gara de Est-Obor (Eastern) station, or Baneasa station, as well as the main Gara de Nord station. Currently the route between Bucharest and the Black Sea's Constanta are undergoing modernisation, so expect long delays. If possible, it's best to go by the Gara Obor Station which will save around an hour on your trip.
The other three smaller stations (Basarab, Progresul and Republica) are used exclusively for local and regional trains.

Bucharest Metro (Subway)
The metro, which has four lines (M1, M2, M3, M4) and covers the city quite extensively, is a cheap and easy way to get and there are surprisingly few stops in the city centre, since the system was originally built to transport workers and commuters from outlying neighbourhoods through the city to peripheral industrial areas. Since 2002, the Bucharest Metro has been undergoing a comprehensive modernisation programme, including the replacement of old trains with state-of-the-art Bombardier Transportation trains, and the renovation of stations and tracks in collaboration with Alstom.

PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.

Features:

- Fully licensed and bonded Estate Agents (S1229A). Authorised by the Financial Regulator - A004235/06
- Emerging Market
- Wide selection of properties available
- Phone us for more info
- Call into our offices for further details!

To request further details please use the Contact Us link below.

To view more properties from Locations click the 'More Properties' link below.