Three Bedroom Apartment in Icoanei Neighborhood
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- Usable Internal Surface (sqm): 200
- Bedrooms: 3
- Kitchen: Closed
- Outdoor area: Yes (terrace)
- Security: Yes
- Bathrooms: 4
- Reserved parking: Yes
Property Description: New and elegant apartment on two levels; bottom floor is the Day-Area consisting of a 70 square meter open living and dining area, 20 sqm terrace, large and very modern kitchen, bathroom and walk in closet. Second floor, above, consists of the Night-Area and includes three bedrooms all with en-suite and walk-in closet facilities. One parking space available to the apartment, with opportunity to buy a second one from the landlord for an additional charge. We rented an almost identical apartment in this building to a client several years back for 4,000 Euros per month so we understand first hand the attractiveness and rental value of this property. At this rate the apartment is an attractive investment vehicle offering a potential rental yield of 7.3% per annum. The landlord had previously rented this apartment for 3,500 Euros per month (another agency) which would represent a potential rental yield of 6.4%. Lastly (and very significantly) there is NO VAT to be added to the price as the property has a legal status of being owned by a physical person and not a company, saving the buyer a further 21%!
Neighborhood Description: This is our favorite neighborhood in Bucharest (check the neighborhood descriptions for confirmation) as it is leafy, architecturally lovely and walking distance to both the cultural and entertainment districts of the city. It is not a cheap neighborhood by any stretch, but not yet commanding the high prices of Dorobanti and Primaverii.
Property Description: New and elegant apartment on two levels; bottom floor is the Day-Area consisting of a 70 square meter open living and dining area, 20 sqm terrace, large and very modern kitchen, bathroom and walk in closet. Second floor, above, consists of the Night-Area and includes three bedrooms all with en-suite and walk-in closet facilities. One parking space available to the apartment, with opportunity to buy a second one from the landlord for an additional charge. We rented an almost identical apartment in this building to a client several years back for 4,000 Euros per month so we understand first hand the attractiveness and rental value of this property. At this rate the apartment is an attractive investment vehicle offering a potential rental yield of 7.3% per annum. The landlord had previously rented this apartment for 3,500 Euros per month (another agency) which would represent a potential rental yield of 6.4%. Lastly (and very significantly) there is NO VAT to be added to the price as the property has a legal status of being owned by a physical person and not a company, saving the buyer a further 21%!
Neighborhood Description: This is our favorite neighborhood in Bucharest (check the neighborhood descriptions for confirmation) as it is leafy, architecturally lovely and walking distance to both the cultural and entertainment districts of the city. It is not a cheap neighborhood by any stretch, but not yet commanding the high prices of Dorobanti and Primaverii.
