| CAPITAL ART APARTMENTS |
Capital Art Apartments is the next exciting development from Atlas Estates who exploded onto the Warsaw market in 2006 with the widely-acclaimed 'Platinum Towers' development. 'Capital Art Apartments' lies a few hundred metres from the city centre and is in the heart of the biggest boom district in Warsaw today, Wola. Wola is fast becoming the new central business district of Warsaw with numerous fantastic new developments planned in this area over the next few years. This district will witness the arrival of the most beautiful and modern office developments in Warsaw today. Some claim that Wola will be Warsaw's Manhattan as many of the new buildings will be fabulous tall skyscrapers. Not losing touch with tradition, Wola also boasts Warsaw's newest museum. Opened 2 years ago, the Warsaw Uprising Museum is now one of the main sights on any visitor's trail and plays a central role in the massive re-vitalisation that is taking place in this loveable district. The new underground line which will run from east to west in Warsaw will pass near by this development. The nearest station will lie just a 4 minute walk from Capital Art Apartment ensuring that the location will Capital Art Apartments will have in total around 900 apartments and will be developed in 5 stages. The first 2 stages have been sold out and recently the developer launched the third phase. The smallest apartments will be 1-bedroom apartments of 42m2 whereas the largest apartments on offer will be 160m2 penthouses. There will be underground parking available for all apartments in the building. The building has been designed to meet the needs of the dynamic property market in Warsaw today. The architects have done everything to ensure the comfort of the residents by using only the best quality materials in their design work. The building will have a full CC TV system and monitoring as well as having full access for the disabled. The beauty of this development is not only connected to the excellent central location but also the payment schedule. We have negotiated a 15/85 payment schedule for our clients in phase 3. This effectively means that one can pay 15% of the asking price on signing a preliminary agreement and the remaining 85% is payable on completion in the first qtr of 2010. As a result, one can earn capital appreciation on 100% of the apartments value over 2 years at a cost of only 15%. Another attractive feature with these apartments is that there are no restrictions in terms of flipping. This means that if after 12 months one wanted to sell on the contract it would be possible, resulting in the return of the initial 15% as well as a contract premium which in many cases is as much as 15% on the asking price. This type of transaction can earn investors well over 100% of the original capital employed but of course there are no guarantees that a purchaser can be found for every apartment being flipped. The higher the potential gain, the higher the potential risk! Capital Art Apartments is the perfect home for those who love being able to combine the rhythm of the city with a touch of peace and quiet! For further information, pricelists and floorplans please don't hesitate to contact us at Warsaw Properties by filling in the form below - |
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