 For Sale - Medokys: Banska, Bystrica, Slovakia
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Guide: € 42,600
Status: For Sale
PropID: 35502
Agent's Ref: SLV1
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The repayment figure
above is an estimate.
Click here for a full
no-obligation quotation
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| Address |
Medokys: Banska, Bystrica, Slovakia |
| Description |
This fantastic new residential property development in Slovakia is a complex of 54 high-end luxury apartments located in one of the most affluent areas of Banska Bystrica, Slovakia's third city. In the downtown area of the city in an excellent position
Recently experienced huge capital growth and an excellent local rental market and close to many tourism attractions
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The development has several desirable features:
It is located in downtown Banska Bystrica, only a 10 minute walk from town square
It is one of the first modern developments in the city with secured underground car parking. While several other projects are scheduled for development within the area, Modokys clearly enjoys a first mover advantage.
The Medokys development is positioned perfectly to utilize Banska Bystrica's links to infrastructure. It is a short drive from many key Slovakian cities. The development is situated 15km from the central rail hub in Zvolen and within 10km of Sliac airport.
It is located beside the proposed €15 million redevelopment site of the specialised cardiac hospital for central and eastern Slovakia.
It is only a 15 minute walk from the Europa Shopping and Business Centre. This is the first large-scale development of its nature in the city and is due to open by the end of 2006. As well as shopping and business units, it includes a hotel, leisure centre and large exhibition centre.
A new highway connecting Banska Bystrica and the Slovakian capital, Bratislava, is to be completed by 2010.
The Medokys development is located in the heart of one of Slovakia's most attractive tourist regions. It currently boasts 6 ski resorts, 2 large spa and leisure centres and a number of golf courses are planned to be built. This therefore offers the perfect work-life balance in this up-and-coming commercial hub.
Developments such as Medokys are well positioned to enjoy strong demand and capital appreciation as international companies are increasingly locating in Banska Bystrica. They are taking advantage of the city's strong educational background, with its university graduates offering a highly educated work force.
There are a number of local property management companies who can rent your apartment out. The conservative estimated return is 5-7% with capital appreciation at 15-20% currently. How (and whether or not) you rent your apartment is your choice, as too is the type of offers you wish to invite (long term versus short term). We will assist you in sourcing a suitable property management company, who will also advise an estimated rental income for both short and long term lets, and estimated occupancy figures. They will also advise what proportion of this rent will be retained by them, as this varies from company to company.
Prices start from €42,600 for a studio apartment
This is just one of a large number of investment we have in Eatern Europe through our property partner network. Own A Home Worldwide is a property sourcing company which finds international property for clients and helps them with the whole process of buying a property abroad |
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