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Optimum Location, Optimum Time Well-located, top-quality commercial properties in Bucharest are in short supply, yet demand from multinationals and local companies is high â?? this is an ideal supply/demand ratio and will support future capital growth.Non-Status Financing in Thriving Market 65% non-status finance in one of New Europeâ??s fastest growing emerging markets is virtually unheard of â?? it also means you only need to find 35% for the total deposit. High rentals could cover the mortgage at completion.Cash-Positive PotentialThe retail units are grouped together in a rental pool with projected net yields of circa 15%, (though this is not guaranteed.) The units could generate around â?¬400 each month income after all costs.Affordable New Entry Prices With a purchase price of â?¬91,650 the initial deposit is just â?¬13,748. It is highly unusual to get into the commercial property market at this low an entry level, with nothing more to pay until the building licence is expected through in roughly least six months.Long Completion Time - Enhanced Returns The units are due for completion in late 2009. This means youâ??ll benefit from capital growth on the full purchase price for two years having only invested 35%. By the time you have to start making mortgage payments your unit may have substantially increased in value.Buying commercial property requires a different mindset than residential property. Much of the emotion of a residential purchase is taken out of the equation and the decision to invest is based on purely financial terms. The factor that most appeals to investors is the minimal hassle involved with commercial property. Commercial rental contracts are long, from three years upwards. This means that the landlord does not have to constantly think about finding new tenants and so this removes the trouble and costs associated with this. Right Place, Right Time Commercial property prices tend to lag a couple of years behind those in the residential sector. This means residential price rises can be an excellent indicator of coming commercial property price rises. Bucharest has had a very buoyant housing market in recent years, suggesting this is a superb time to be investing in commercial units. Whatâ??s more, in an expanding, emerging economy such as Romania there is enormous potential scope for future capital growth. Affordable OpportunityInvesting in commercial property usually entails purchasing larger units, which requires large amounts of capital. The beauty of this deal is that it offers a chance for you to get into a commercial development at a micro-level, but still enjoy the same level of returns that a large developer would get. A commercial park houses both logistics and retail units. Logistics units provide intermediate storage space where stock rests before being transported to retail premises. With CentreWest, the retail units sit right next to the logistics units â?? a positioning sure to benefit both parties. Our units will be of particular use to Bucharestâ??s large and growing number of small- to medium-sized businesses, which will provide a ready and willing rental market. Location is vital to a successful commercial park. To maximise potential for profits it should be easily accessible by shoppers. CentreWestâ??s position on Bucharestâ??s busy ring road to the west of the city meets this requirement beautifully.Prime PositionBucharest is at the crossroads of trade between the EU, Turkey and the Middle East thanks to its perfect strategic location. Its potential is increasingly recognised by companies across Europe, especially since Romaniaâ??s accession to the EU this year removed trading restrictions. Superb LocationCentreWest Commercial Park is located on Bucharestâ??s busy ring road, to the west of the city, close to the start of the arterial A1 road NW to Pitesti. Around 58,000 vehicles are estimated to use this section of the highway each day. Retail HotspotAccessibility from all parts of the city has made the north-west section of the ring road a magnet for multinational retailers such as Porsche and Renault car dealerships and hypermarkets Carrefour and Metro. The arrival of IKEA firmly established Bucharestâ??s ring road as a popular retail area. Major multinationals such as these do their research carefully â?? they have chosen to locate here because they are convinced of its record as an established retail zone. Therefore much of the hard work has already been done for us â?? city residents regularly use the ring road for shopping, it is easy for them to get to and huge numbers of consumers will pass right next to CentreWest as they drive to access these other retail outlets. This creates a substantial ready market. Increasing DemandBecause of its proximity to the A1 highway, land plots are in very high demand. Worldwide real estate company Colliers reports: â??The western part of the city is by far the most developed industrial area... the availability of land plots around the ring road is getting scarcer and prices higherâ?¦ industrial development focuses along the A1 highway.â? (1) New, purpose-built retail space in this in-demand area of Bucharest represents an excellent investment prospect.CentreWest is a complete modern commercial and retail centre located on Bucharestâ??s vital ring road. The complex will be built over four floors, with the lower ground floor comprising logistic space, floors one and two a modern shopping mall with retail units, with the top floor containing restaurants and cafes. CentreWest will have retail units arranged over two floors. There are 58 first floor units available to Ready2invest buyers, each with a floor area of 94m². The units will be supplied with all facilities needed to operate including power supply and water. There will also be ample car parking for shoppers. Using Romanian Company LawYou can make a huge saving by buying through a Romanian company. Setting this up is a relatively straightforward process, which we will assist you with. This will bring enormous benefits. You will be exempt from VAT (19% of the value of the property), representing a saving of â?¬17,414. All prices quoted in this brochure have already taken account of this and do not include VAT.(1) Colliers Romania Industrial Report 2006
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