Investment Property - Old Town Inflancka

Original Investment Summary - 28/06/2007 Investment Property Old Town Inflancka

Prime central location in the centre of Warsaw next to the Old Town – the Covent Garden of Warsaw
Low money down – 10% on exchange and 90% on completion
Estimated 5.6% discount against market value (worth around £6,000)
Pre phase one prices with substantial price increases expected with each new phase
Extended period of 23 months before completion in May 2009

Location is everything for the Old Town Inflancka (pronounced ‘Inflanska’) luxury development, situated in the heart of Warsaw, just on the outskirts of the Old Town, a designated World Heritage Site.

The quality of this location is strongly underlined by the fact that the land alone has recently increased in value by 65% due to the sale of neighbouring plot to a Spanish developer for €100 million – a Polish property record.

Located in Srodmiescie (“city centre”), the central district of Warsaw, Old Town Inflancka will provide homes for the many workers at the Government offices, the Warsaw Stock Exchange, banks, financial institutions and embassies with which it shares the district.

Local transport connections are plentiful including a metro station just minutes away, linking Old Town Inflancka to all areas of Warsaw.

Demand for apartments in this development will come from brokers, bankers and government workers and other well paid tenants and buyers.

The entire project is divided into four phases and is due to be completed in 2010, allowing investors the potential benefit of price increases with each development phase. We have first choice of units in Phase 1 of the development. Investors will benefit from capital growth over a long completion time of 23 months before they have to draw down mortgages in May 2009. Furthermore, the developer is expected to increase prices by PLN500/sqm prior to launch, giving us an effective discount of 3.8%.

Our independent valuation also indicates our units are valued at approximately 5.6% below market value.

Payment terms are 10/90 which is currently the most favourable rates in Central and Eastern Europe and 90% LTV is currently available subject to status.

These units are only available at these prices to Property Secrets’ clients and this opportunity closes at 8.00am on Thursday 28th June 2007.

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