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Property for sale information

 
Radhime Residential Complex  
Reference nr: SD618955
Description:

Albania Property Group offers a residential complex in Radhima, a small resort near Vlora City, only 15 km way from the city. This new residential complex is being constructed only a few meters from the beach, for those who want to spend their vacations.

About Radhima

Coastal area Radhime-Orikum lies on the east of Vlora bay with a lowland and hilly relief planted mainly with olives and citrus. In west part the area is washed by Adriatic Sea with a very favorable coast for the development of sea and sun tourism and for increasing the real estate industry. There isn’t any sand in the beach but instead there are stones and pebbles which make the sea crystal clear. East part hills are mild, especially in Radhime village area and in Orikum City.

The area is characterized by a warm summer with a favorable temperature for sunbathing and swimming during a 5 month period, where during the summer you can make use of about 14 hours in the beach. Radhima has a favorable geographical position in terms of what it can offer to a cultural and historical tourism. Standing at an intermediate position on the only road that connects national Vlora with Orikum, Himara and beyond to Saranda, it offers historical points of interest such as Vlora, Kanina, Amantia, Mavrovo, Orikum, Himara etc.

Historical data, many archaeological finds, and 19 cultural monuments, evidence that the region has been among the most civilized in southern Albania. Radhima Resort Residence is also located approximately 10 minutes from the Archeological Park of Orik, an ancient city which dates from V-IV centuries BC.

Key Features:
• Great sea views.
• All amenities on your “doorstep”.
• Distance from the International Airport of Tirana 130 km
• Distance from the capital city Tirana is 140 km.
• Urban quality in the beach of Radhima.
• Only 4 floors in every building
• Studio and 1 bedroom apartments
• Underground parking available for sale
• Bar –restaurant in the residence
• After sale property maintenance by Albania Property Management which is part of Albania Property Group.

Airports close to Radhima

• Ioannis Kapodistrias International (CFU), Corfu, Greece - 112.1 km
• Lecce (LCC), Italy - 140.8 km
• Tirana Rinas (TIA), Albania – 141 km
• Casale (BDS), Brindisi, Italy - 162.5 km

Bedrooms: Bathrooms: Price (€):
1 1 47,730
Features:
Beach
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: €47,730
 

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