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Property for sale information

 
Villa Cahani - 9 bedroom guest house for sale with HIPOTEK  
Reference nr: SD372683
Description:

Palatial hilltop home close to beach in Durres, Albania. Potential to convert to bed and breakfast. This spectacular nine bedroom, three bathroom home in a prestigious suburb sits a comfortable distance to sandy beaches and the busy Durres tourist strip.

Built in 2005, with Government approval (hipotek), the home is spread over three floors and internet connected. Each floor features a wrap around balcony facing west to the Adriatic Sea with the first and third floor large enough to entertain.

Each level of the property is 153m2 or 459m2 total. All levels are centered by a spiral staircase with stunning aluminum handrails leading to 2.7 meter wide corridors. The corridors lead to living areas, bathrooms, bedrooms and on the first floor, a large open plan kitchen lounge area.

The house has been fitted with quality fixtures and fittings throughout. Spanish floor tiles in the living areas compliment timber flooring in the bedrooms. The property is offered furnished or unfurnished.

The house is situated on 500m2 offering hilltop views and is fully secured with iron gates, concrete fencing around the perimeter and a lockable garage for vehicle or storage. The well maintained garden features a water fall, decorative paving and established fruit trees. There is also a 3,000ltr water tank on site to service this.

A short five minute walk and you will find yourself at the beach and surrounded by cafe’s and bars. In summer, the strip is transformed as night markets, restaurants and nightclubs welcome visitors from all over Europe.

With the English Pound and European Dollar performing well across Europe, Albania is an affordable tourist destination for young holiday makers and those wanting a relaxing seaside vacation.

Home features:
• Two minutes (1200mtrs or 0.8mile) to pristine beaches in exclusive Durres location
• Nine bedrooms
• Three bathrooms
• Two separate living areas
• Open plan kitchen
• Three levels - with panoramic views of Durres seaside township
• All windows have fly screens and security shutters
• Property is fully secured with iron cast double gates and concrete boundary fencing
• Fully landscaped gardens complete with waterfall and established fruit trees
• Lock up garage/storage area with outdoor oven
• All living areas tiled and timber flooring in all bedrooms
• Internet connected
• International television satellite fitted
• Town water and sewage connection
• 3,000 litre water tank
• Government approval and paperwork (Hipotek)

Asking price: €355,000

Bedrooms: Bathrooms: Price (€):
9 3 355,000
Features:
Beach
City
Furnished
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

 
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Calculators

 
Property price: €355,000
 

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