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Property for sale information

 
Azulara  
Reference nr: PF411346
Description:

5* Madeira apartments
Buy from just €12,437
Net yields of 9.7%
Only 5% deposit required
Nothing to pay then until completion

An exclusive deal at the 5* Azulara Resort on the beautiful island of Madeira. Portuguese government statistics have shown that last year saw an average occupancy rate of 91% in 5* resorts on the island. With 70% of the island’s land protected from development or unsuitable for real estate, Madeira is safe from overcrowding and congestion and makes Azulara Resort an excellent investment. The project has high rental returns and clients can purchase these top quality apartments with as little as €12,437.

The island of Madeira is an autonomous region of Portugal which enjoys year-round average minimum temperatures of 17 degrees. This makes it an excellent location to be visited throughout the year and the position of the island makes it easily accessible with flight times of three hours or less from numerous mainland European countries. The Azulara Resort is situated a few kilometres outside of the centre of Funchal and only a twenty minute drive from the island’s airport. Fine wine and dining are available on site and the seafood cuisine across the island is to an excellent standard thanks to the abundance of fish in the clear local waters. There are also several world class golf courses on the island with the Palheiro course offering stunning views of Funchal Bay. With two more courses currently in development and the challenges of 27 holes and clifftop fairways, Madeira is a golfer’s dream destination.

The properties inclusive to this deal are spectacular one, two and three bedroom apartments. Each comes with an ensuite bathroom and the two and three beds also come with their own private veranda. The development itself has been expertly sculpted into the surrounding landscape with the apartments designed to make maximum use of natural light. The position of the resort allows the inhabitant exquisite 180 degree sea views from Funchal Bay to Camara Do Lobos. The apartments come with full air-conditioning, underground parking spaces, excellent management services and security systems.

Bedrooms: Bathrooms: Price (€):
1 1 248,757
2 2 281,634
3 2 406,988
Features:
Beach
City
Golf
Private Swimming Pool
Spa
Submission Date:
05-21-2009
Last Update:
12-23-2009
Advertiser Details:


Name:
Property Frontiers

Company:
Property Frontiers

Phone:
01865 202700
Fax:

Mobile:

 
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Calculators

 
Property price: €248,757
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations