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Property for sale information

 
Durres Restaurant for Sale - right on the beach  
Reference nr: SD169831
Description:

Albania Property Group has a restaurant for sale on the ground floor of a building near the beach of Durres, with a swimming pool inside.

The restaurant has a big kitchen inside and the veranda - 600 m2. There is a swimming pool inside too - 250 m2. In total there are 850 m2. The swimming pool can be part of the restaurant or can be modified (as it is not finished yet). There is plenty of space in order to reorganize the area with shops, market and pubs.
By buying the restaurant, you can use 30 beach umbrellas in front of the restaurant. The restaurant is in the ground floor of an hotel which during the summer season (June, July, August) is plenty of tourists. There are parking lots, up to 45 cars.

Key features:

• 7 floors in the building
• Swimming pool
• Conference hall
• Pub
• 4 hotel floors + 3 residential floors
• First installment - 300 000 euro.
• 25 min from the airport
• 35 min from Tirana, the capital of Albania
• The main road that connects north to south of Albania is 30 meters from the restaurant
• 30 m from the seashore
• The navy port is about 10 minutes from the restaurant
There is a partnership option. Who will buy the restaurant will be e part-owner (the other part is the actual owner of the restaurant).
45% of the restaurant is for sale (450 000 euro)
Price (in total) - 950 000 euro
Price (without the swimming pool) - 750 000 euro

Here is the link for pictures on our web site:

http://www.albaniapropertygroup.com/properties/DURRES_Restorant

Features:
Beach
City
Submission Date:
11-21-2010
Advertiser Details:


Name:
Ilir Konomi

Company:
Albania Property Group

Phone:
+355 67 20 80001
Fax:

Mobile:
+355 67 20 80001

 
Property Photo Gallery

 

Durres Restaurant for Sale - right on the beach

Durres Restaurant for Sale - right on the beach

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Calculators

 
Property price: €750,000
 

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