Property description:
New development in property hot-spot Bratislava

Property features:

Property particulars:

From: 2,956,000 SKK
88,309 EUr /59,499 GbP
Investment Overview
Great buy-to-let opportunity, benefiting from the growth of Bratislava and its lack of modern residences.
Rental yields (gross) expectations up to 7.5% resulting in a positive net Yield
Favourable payment structure of 20% at FPC (minus 50k SKK reservation fee) and 80% at handover
Equity requirements starting at 225k SKK / 7.9k EUR/ 5.3k GBP
Expected LTVs of up to 80%
Capital growth anticipated to be 15% per annum
Good public transport connections to the city centre and regional links
Excellent infrastructure in terms of services, shops and amenities
Large pool of residents looking to relocate
Residential units per capita at 25% below European average
General Description
Comprising of two towers, one with 24 floors and 162 flats, the other with 16 floors and 120 flats, this new development offers a complete range services and facilities to cater for any type of occupier.
From restaurants, fitness and leisure facilities to medical,legal and financial institutions, the development is like a small city in itself.
The project offers underground parking, cellar space, 24 hour security, modern construction techniques and contemporary flat layouts.
With the lack of supply and high demand in the area, the project is certain to be rapid success.
Only 5 minutes away from the city centre, this development is also conveniently situated in proximity of the Austrian and Hungarian motorway networks. Conveniently located in proximity of the main roads to the nearby capital cities Vienna & Budapest and with good and rapid access to the historic centre, this project is expected to appeal to both the local rental and re-sale market.
The 5th District of Bratislava, well known for it’s large residential pool of ex-communist towers holds over 130,00 residents and has been in great need of a fresh supply of projects.
With Petrzalské Korzo, a foot and cycle path completed less than two years ago as part of a massive regeneration drive, connecting the Petrzalka railway station to the Bratislava city centre, and passing through the development, the location is exceptional.

At an average capital increase of 15% in 2006, Bratislava is one of the fastest growing cities in the Central European region. Anticipated rental yields for Vienna Gate are anticipated up to 7.5%
Apartments start from 3,044,680 SKK (excl. VAT- cca 91k EUR / 62k GBP). Investors have the possibility to obtain a minimum 70% loan-to-value (LTV) and we are currently seeking options reaching 80% LTV with our Mortgage partners. Alternatively, with low deposits of only 20% - exchange requirements start from 600,080 SKK (cca 18k EUR / 12.5k GBP) to cover the first 20% installment, with the rest being covered by the mortgage release on the completion of the project in late Q3 2008.
The international sales are due to launch August 14th, 2007 and prior to the launch of sales we offer investors the possibility to review all project information and determine as to whether they will be proceeding with selecting a unit(s) for purchase. Units for international sales (buy-to-let units) will be limited to prevent saturation of rental units on the completion of the project and we have released with the developer the 20 best B2L units for international for you to choose from.