Harmony Bay Resort & Spa, AKBUK RESORT

www.SIPPPropertyInvestment.com

Akbuk Resort Group: Award‐Winning

Developers

Best Development in Turkey 2008 for M d l G d

Best Developer in Turkey 2010

Akbuk Resort Group Member f A i ti f

Consumer Choice Mandalya Gardens

i t tl t dMandalya Gardens of Association of International Property

consistently voted top resort in Didim

RegionProfessionals


Why Invest in Turkey?y est u ey?


Strong, growing economy• Fastest GDP growth in Europe

GDP Figures 1Q 2010 – 11.4%, 2Q – 10.3%. EU countries most 1%

growth at best. OECD forecast 6.7% pa for 2011‐2017.

• Second fastest growth in G20China was number 1

• GDP now past USD 1 trillionpBack to where it was before “credit Crunch"

• 17th largest economy in world (larger than Australia)

• Falling inflation – 5.7% and still falling

• Modern economy – Services & Textiles, Face of Turkish industry has changed – only 9% of economy is farming. Service industry biggest proportion – 66% (banks tourism) followedService industry biggest proportion – 66% (banks, tourism) followed

by manufacturing 25% (much of it fashion textiles)

• Very low government debtPublic debt is 43% of GDP, Eurozone entry requirement is 60% with

many existing members being in excess of thatwww.SIPPPropertyInvestment.com

Up to 90% Mortgagesp g g•Harmony Bay has secured

mortgages of up to 90% LTVmortgages of up to 90% LTV

•Rental returns are expected to

be enough to cover mortgage

interest

•Lenders expect future price

growth to limit their exposuregrowth to limit their exposure

Low Cost of Livingwww.SIPPPropertyInvestment.com

•Council Tax about £20 a year

•Fresh foods VERY cheap ‐ £10 of•Fresh foods VERY cheap £10 of

fresh fruit would be too heavy to

tcarry to your car

•£200 a month for basic living costs

Tourist Numbers Rising• Government £73 million ad

‘ l

g

campaign ‘Four Seasons, Twelve

Months’

•Visitor numbers 23.8m in 2007,

27m in 2009, 31m in 2010) , )

• Increasing Westernisation•Half hour closer than Cyprus•Half hour closer than Cyprus•Increasing numbers of flights

from UK and Europefrom UK and Europe• Great climate

G lf b i b il i•Golf courses being built to raise

off‐season


EU Accession 2015?•Economy already meets Euro

criteriacriteria •Better than existing Euro member

states• Question is – Will Turkey want to

join?j

Stable Political Regime•Erdogan administration since

2002• 8 years Budgetary restraint have led to current economic position of p

stength• Shift in Export Market Turkey is a fast

rising Economic Power and whilst 50% of export market is still to Europe it is tapping into the cash rich export markets

in Russia and the Middle Eastwww.SIPPPropertyInvestment.com

Price Growth High and gSustainable

•Firm economic foundations

• Lending volume increasing – one of major factors in price growthj p g

•Total mortgage indebtedness only g g yone tenth of EU average 5% in

Turkey vs 50% in EuropeTurkey vs. 50% in Europe


Don’t just take our word for itDon t just take our word for it• PIIGS ‐ European nations with

Economists group countries based on economic similarities often by using a memorable acronym. The PIIGS came to prominence in light f th l b l i d t P t l It l I l d G nations with

dangerously large sovereign debt

of the global economic downtown. Portugal, Italy, Ireland, Greece and Spain were highlighted as European nations with dangerously large sovereign debt burdens and notably ones to avoid when investing. sovereign debt

burdens• BRICs emerging

gOn a positive note, focusing on countries with widely acknowledged emerging markets ‐ for the past few years the BRIC countries were the flavour of the Economic Press (Brazil, Russia, India and China.)The Economist magazine and a number of other key international • BRICs ‐ emerging

market countries

The Economist magazine , and a number of other key international analysts have recently turned favour to the CIVETS as the key markets to be in now from 2011. The CIVETS are Columbia Indonesia, Vietnam, Egypt, TURKEY and South Africa

•Introducing CIVETS –Economist 2010

•Turkey Closest to•Turkey – Closest to home, no sharks and

t ffl t (hi h tmost affluent (highest GDP per head)www.SIPPPropertyInvestment.com

Why Akbuk?Why Akbuk?• Up‐and‐coming town

• Established tourist destinationBrits have been visiting for 30 years, established ex‐pat

communitycommunity

• Impressive new marinaOpened in 2010, Cost $52million, 400 berth, 600 dry docks, p , $ , , y ,

can accommodate yachts up to 50m+ in length

• New airport road planned –Bodrum Airport

Current Journey is 45‐50 mins, new airport road will mean journey time of 25 minsj y

• Wide range of established restaurants and shopsrestaurants and shops

Approx 20 restaurants, shops, supermarkets, regular street market. Provides all daily needs

• Infrastructure InvestmentEU investing 6.6m Euro into Turkey over next 5 years

2 million Lira (approx £80million) into Didim Region alonewww.SIPPPropertyInvestment.com

Major changes to AkbukMajor changes to AkbukBig Investment Into Akbuk Currently

• Upgrading the 3 beaches ‐ In total• Upgrading the 3 beaches ‐ In total 112,000 sq meters of beach front upgrades.

• Upgrading the local marina, the roads, play parks, building new sport and play parks, building a new shopping mall near the beach and upgrading all the natural water pg gresources.

• Starting an advertising campaignStarting an advertising campaign on tourism for Akbuk.


Ariel View of AkbukAriel View of Akbuk


Lovely BeachesLovely Beaches


Local fishing andLocal fishing and Excursion Boats


Previous Developmentsin Akbuk

Mandalya Gardens, collection of 53 apartments with communal pool, shop, reception desk, games room and bar / restaurant, completed in 2008. www.SIPPPropertyInvestment.com

Mandalya Cottages and Apartments

Smaller residential developments completed in 2007 – 2008p pPrevious development provide feel for developers commitment to quality build and use of natural materials www.SIPPPropertyInvestment.com

Harmony Bay Resort & SpaHarmony Bay Resort & Spa

• Luxury 5* Resort • Boutique Hotel and range of q g

Luxury Suites

• Unrivalled Leisure &• Unrivalled Leisure & Recreation Facilities

A d R l R 6%• Assured Rental Returns – 6% for 2 years

• Prices from £49,000

• Mortgages up to 90% LTV (STS)Mortgages up to 90% LTV (STS)

• Properties available to h h hpurchase through a SIPP


Harmony Bay Resort & Spa• Re‐sales Office on site

Harmony Bay Resort & Spa

• Rental Management Pool from year 3Pool from year 3

• 10 Year Government• 10‐Year Government‐Bonded Build Guarantee

• Free Furniture Pack

• Freehold Tenure

• Viewing Trips


The Site PlanThe Site Plan


Project GalleryProject Gallery

Emerald PlazaCommercial Hub

Fit

Serenity Spa

Fitness Centre

Swimming Pools

Indoor Games TennisRoom

Eating & Retail U iDrinking Units

Emerald Plaza is the heart of the development ‐ 35 units in total over 3 floors offering commercial area of 4000sqm

The Suites• 72 Junior Suites

• 36 Double & Triple Suites• 16 Double & Executive

Suites

• 4 Family & Double Suites• 4 Family & Double Suites

• 16 Duplex Suites

• 6% Assured Rent for 2 Yrs• Yr 3 returns predicted to be from 8% based on abe from 8%, based on a

55% Occupancy

P i f £49 000• Price range from £49,000 ‐£98,000

The VillasThe Villas

Just 3 Luxurious Detached villas each with its own i 60 ² l lprivate 60m² pool, large

enclosed 600m² landscaped d d h d d tgarden and shaded car port.

Sea and Mountain ViewsSea and Mountain Views

£211 000£211,000

Payment OptionsPayment OptionsPayment Option 4 Payment Option 1 Payment Option 2 Payment Option 3 Payment Option 4 (SIPP Purchase)

Reservation Fee £2,000 £2,000 £2,000 £2,000

Stage 1 Payment (On Contract)

20% Payment ‐Less reservation

fee


fee


fee33% Payment

Stage 2 Payment (Commencement of ground works)

20% Payment 20% Payment 34% Paymentof ground works)

Stage 3 Payment (Completion of 20% Paymentskeleton stage)

Stage 4 Payment 60% Payment 15% Payment 33% Payment(Completion) 60% Payment 15% Payment 33% Payment

The remaining The remaining balance of 5% is written off

balance of 10% is written off


Purchase ProcessPurchase Process

Ch k il bili i h kb k G i1. Check availability with Akbuk Resort Group or via online system

2. Complete reservation form and pay £2,000

3. Contracts will be sent to clients to sign and return i hi 30 d 1 d i b id (lwithin 30 days. 1st stage deposit to be paid (less

reservation fee)

4. Subsequent stage payments will be made in accordance with timetable (all clients will be given 1 month’s notice)


Akbuk Resort GroupAkbuk Resort Group

www SIPPPropertyInvestment comwww.SIPPPropertyInvestment.com

Documents

Harmony Bay Resort & Spa, AKBUK RESORT