Apartments at VITAN TOWERS

Vitan Towers

With the 300 apartments being built in 4 buildings, Vitan Towers is one of the most promising development projects being built so close to the city centre. Buildings A and B includes 160 apartments, are both 14 levels high with 2 underground parking levels. Apartment building 16, is the tallest with 16 levels and building D has 12 stories. There are a total of 300 parking spaces available.

Vitan Towers includes several different floor plans for its executive 1 bedroom apartments.

A small commercial area on the ground floor of buildings C and D will conveniently include a mini-market and a drugstore.

The complex includes 2 gyms and 2 saunas, separate for the ladies and gentlemen. A meeting room is also available for tenants to hold private parties.

300 underground parking spaces on 2 levels

Location:

The Vitan Towers apartmet complex is located in the South-East part of Bucharest, in District 3 and has the best to offer for a property owner who is looking to have an apartment situated close to the city centre in a “green” neighbourhood. The apartment complex is also situated approximately a 15-20 minute walking distance from the the Unrii boulevard a few minute away from the commercial centre which includes the Vitan Mall, Prosper Commercial Centre and Unirea Shopping Centre. The Tineretului Park for entertainment is also close by. A “fun park” for children is in the planning stage for the neighbourhood.

For any other destination you are only 1 minute away from the Mihai Bravu metro station which connects you to the entire city.

Parking & Storage

300 underground parking spaces are available for the owners. Storage rooms are also available.

Storage rooms = 600 EUR/m2 + VAT

Individual parking (5.00x2.30 m) = 10 000 EUR + VAT

Finance structure

10% downpayment and 90% on completion

Finders fee: £395 plus vat

The project will be delivered in 2 phases:
• Buildings A&B will be delivered in June 2009
• Buildings C&D will be delivered in January 2010

Rental Income

Below are the monthly rental incomes for apartments in downtown Bucharest.
All newly renovated (ie. new windows, floors, tiles, bathroom and kitchen utilities.)

• 1 room: 250-300€/month without furniture 350-500€/month with furniture
• 2 rooms (1 bedrooms): 400-450€/ month without furniture 500-800€/month with furniture
• 3 rooms (2 bedrooms): 450-600€/ month without furniture 650-1500€ /month with furniture
• 4 rooms (3 bedrooms): 600-850€/ month without furniture 900-2000€/ month with furniture

Unirii, being the most central location have premium rental prices. More affluent neighourhoods such as in the outskirts north of Bucharest have similar or even higher prices. Bucharest’s west side is the least expensive but also the least popular area. Downtown and surrounding areas such as Vatra, Luminoasa, Titan, Pallady, Baba Novac and Dristor can be rented out at similar rental prices. Students, both local and foreign, are favour these areas for their proximity to Universities restaurants, bars, clubs, and shops.

Technical Specifications

Parking area
Flooring - concrete coping and marking special painting
Walls - white painting
Columns - different colors and numbers for rows
Ceiling - white painting
Rubber defenders for walls and columns
Barriers – for the entrance – ramps

Common area (entrance lobby, elevators, couloirs and staircase )
Entrance lobby and elevators
2 Elevators for each building up to 10 persons capacity and minimum 1.6 m/s speed
Mailboxes Aluminum entrance door Intercom for each apartment
Flooring-ceramic tiles (anti sliding) -porcelain
Wall (natural stone cladding and special paintings/porcelain)
Suspended Ceiling – gypsum board
Hallways and staircases – flooring ceramic tiles (anti sliding) – porcelain, including skirting
Walls and Ceilings – white paintings
Hand rails – stainless steel
At the lobbies at the floors – ceramic tiles – porcelain

Apartments: exterior: Aluminum and glass for windows and doors
Interior: Solid doors for bed rooms and bath rooms (pine as quality standard)
Window frames and glass for kitchen doors
Warm boiler heating
Counter equipment for gas, electric and water, installed outside of apartments.
Preparation for air conditioning

Living Room: Flooring – laminate parquet – approximately 5 sqm in front of entrance ceramic tiles Walls and ceilings – white painting

Bedrooms: Flooring – laminate parquet
Walls and ceilings – white painting

Kitchen: Flooring – ceramic tiles including skirting
Walls – ceramic tiles in work front
Ceiling – white painting
Preparation for the electrical, mechanical and plumbing equipments

Bathrooms: Flooring – ceramic tiles
Walls – ceramic tiles/paint
Ceiling – white painting
Good equipments for WC, bath tub and wash basin
Preparation for big mirror above the wash basin

Balconies and terraces: Flooring – ceramic tiles
The aluminum handrails -glass/plastic/built from concrete
Toilets: the toilet reservoir will be hidden in the wall and there will be a shelf

Apartment Types

Floor Layout:

Phase 1 - Blocks A/B complete June 09, C/D Jan 10

For all enquiries or to reserve an apartment, email sales@bucharestproperty.com
or telephone 0871-271-5120