Lodz-Central-Apartments

Type: Apartment
Company: Property-Venture
Price: £ 55,195.00 Exchange rate used at date of posting

Fabulous location, apartments in central Łódź. Studio, 1, 2, 3 bed in low rise 4 storey building of 84 apartments. Quiet, residential road near tram, bus and central Piotrkowska street, local shops and green parks. Professional lets, 4-6% yields. 12-15% capital growth p.a. 391% 5 yr return. 10:90 payment plan. 10% BMV. Finished Dec '08

This apartment development is architecturally designed to the highest specification and consists of 2 separate apartment blocks. Block A has 38 apartments and Blcok B has 46. Both blocks feature underground parking and will be built over 4 floors (0+3). Parking is becoming more imprtant in Poland as increasing numbers of the poulation own and run their own cars. Value is added here from a rental and re-sale perspective.

The grounds are secure and will feature green areas, visitors' parking and a child's play area. The design of these apartments offers larger than normal living space, orgainsed in a modern and functional style. The apartments range in size from studios of 38 sqm to 3 bed apartments of 127 sqm. All apartments have a large balcony or terraced area, dependent on style of apartment.

Location
This quiet and calm neighbourhood has the best of both worlds. Easy access to the city centre and only 5kms from the Dell site for resident workers and the famous Manfaktura centre at the other side of town, with its prestigious shopping centre and complex of a wide range of restaurants and bars. So there is ease of access to the city centre and all the main business districts.

A high speed rail link is being built between Łódź and Warsaw in the next 2 years, which will reduce the current train journey time by about a third to an hour. This will further enhance Łódź  as a commuter zone for the capital city. Property is cheaper here and there is a great transport hub and amenities. In addition a new North-South motorway is being completed that will link Gdansk to south of Krakow, via Łódź and an East-West motorway is being completed linking Berlin with Warsaw, with an intersection 10 kms outside of Łódź. So in the next few years, Łódź will become a major transport hub at the centre of Poland and Europe.

Amenities
The area around this development is well-serviced with a range of local amenities including: banks, cshops, schools, post office and a church, all within easy access of the development. There are several green parks, green areas and recreation fields close by, including the 13ha Jasien Park and the 15 ha Podolski Park. A further advantage of this development is that it is within walking distance of the Mediacl University and the Technical University of Łódź.

Business and Employment
The new Dell manufacturing plant is located jsut 5km from Villa Verde and will have up to 3,000 employees. There are numerous other multinational companies that have offices locally, including: Procter & Gamble Gillette, Bosch Siemens, Unilever, Indesit, Ansbacher, Hutchinson

Financials

• Reservation of PLN 10,000 (c.£2,350)
• 10% on signing Preliminary contract
• 90% on signing final contract
  
• Mortgages: 80% normal, some 100% available, subject to status
• Rental agents lined up to manage the properties. PLN 2000 on studio/small apartment (c. £470) for centrally located apartments
• White finish to be included at approximately PLN 1,000 per sq m, so approximately £9,000 for a studio apartment of 38 sqm

     

Local Price: PLN 234,577 (incl VAT, Parking) Original currency - used to convert to £
Property Build: New Build
Country: Poland
Polish town of: Warsaw
Inland-Coastal: Inland
House Size: 38SqM
Livingrooms: 1
Bathrooms: 1
Bedrooms: 1
Home Features:

• Heating
• Parking
• Garage
• Modern Style
• Cul de Sac

Community Features:

• Buses
• Trains
• Shops
• Restaurants
• Shopping Centre
• Medical Facilities
• Daycare Facilities

Reference Number: 50005
Property Category: Residential
Investment Category:

• Buy to let Property