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Property for sale information

 
Durres Golem Residence - 2 bed apartment  
Reference nr: SD275236
Description:

Albania Property Group has a 2 bedroom apartment for sale in an exclusive area of Golem in Durres - with brand new kitchen and light fittings. It can be rented or moved into immediately.

Total size 77.8msq. Compromises 2 bedrooms, large open plan lounge/dining/kitchen area, bathroom and balcony. It is located on the third floor. It is in a complex which is a gated 24h security complex with a fantastic swimming pool, cafe/bar, playground and mini market.
It has many full time staff to keep the corridors and garden maintained and has a security guard 24hours of every day. Also pool cleaned twice every day.

It was built a few years ago and has only been used a few times. Rental income is very good commanding up to 60 Euros per night in peak season. Also excellent investment as not only does the rent pay for the apartment, but it has risen in value approx 15% each year. Fees for buying in Albania are very good and this property has FULL TITLE DEEDS.

Key Features:

• Size- 77.8 m2
• Compromises 2 bedrooms
• Large open plan lounge
• Dining/kitchen area
• Bathroom
• Balcony
• Apartment is in third floor
• Apartment has been used only a few times
• It is located in a gated residential complex in Golem
• 24hrs security
• Fantastic swimming pool
• 5 min walk from the sea
• Cafe/bar & Mini-market
• Playground
• Gardens
• Full time staff maintains the garden and other common area every day
• In summer pool is cleaned twice every day
• It can be rented or moved into immediately
• Rental income is very good commanding up to 60 euros per night in peak season
• FULL TITLE DEEDS available upon request

Bedrooms: Bathrooms: Price (€):
2 1 54,000
Features:
Beach
City
Private Swimming Pool
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: €54,000
 

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