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Turkey - Fethiye Region

Sunset Beach

Date Checked: 18/04/07

Checked by: The International Law Partnership

Reference: 14852

Legal Title

Title Reference:
Location: Camicivari
Village: Kargi
Town: Fethiye
City: Mugla
Land Registry: Fethiye
Record No: 11833
Book No: 29
Page No: 4034
Date of Registration: 31/03/2006

Main Title Details:
Plot No: O22D8A4D
Zone: 333
Parcel No: 5
Land Classification: Land

Subdivision Plot Details:
Number of individual titles: awaiting details from Seller
Plot Allocation : n/a
Plot Classification: Transitional title (Kat irtifaki)

Description of Land

A plot of land measuring 35879m2 with a building permission to total size of 17,908.00 m2.

Boundaries

North: road
South: road
East: road
West: road

Ownership

The property is registered as being owned by Han-el Turizm Insaat Sanayi ve Ticaret A.S

Registered debts, charges and other burdens

1st Charge
Degree: 1st
Classification of the burden: A
Name: Yapi Kredi Bankasi A.S
Amount: 2,500,000 TRY
Rate: 65%
Date of charge: 01/02/2005
Remove date: when the owner pays the debt
Record number: 776
Notes: Variable interest rate

2nd Charge
Degree: 1st
Classification of the burden: A
Name: Yapi Kredi Bankasi A.S
Amount: 10,000,000 TRY
Rate: 65%
Date of charge: 01/02/2005
Remove date: when the owner pays the debt
Record number: 779
Notes: Variable interest rate

3rd Charge
Degree: 2nd
Classification of the burden: B
Name: Yapi Kredi Bankasi A.S
Amount: 78,000,000 TRY
Rate: 84%
Date of charge: 13/03/2007
Remove date: when the owner pays the debt
Record number: 3421
Notes: Variable interest rate

Zoning/Planning

This land is zoned as Tourism purpose area.

Construction Licences

Building licences (yapi ruhsati) were approved on 30/03/2006 and are valid for 5 years. 

Completion Guarantees

There are no completion guarantees offered in respect of this development.  Completion guarantees are not required under Turkish law.

Professional Associations

FOPDAC

Note:

This report must be read in conjunction with the guidance notes.

Warning!

This guide to new property developments is, of necessity, general in nature.  It cannont take account of your personal circumstances.  It is not intended to be legal advice.  It does not reflect or create a solicitor/client relationship between us or between you and the International Law Partnership LLP.  The information in it is given in good faith but we will not be liable for any loss suffered by taking (or not taking) any action based on the content of this guide.  This guide is no substitute for professional legal adivce, which the International Law Partnership LLP will be happy to supply on request. Buyers of this guide will be entitled to a 10% reduction in their normal fees.