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Property for sale information

 
Saranda Iliria  
Reference nr: SD818521
Description:

Saranda Iliria offers the most amazing views over Saranda Bay and onto Corfu. There is sea view even on the first floor of the building. Saranda Iliria is a new development in Saranda, situated in a favorable position on the downside of Saranda’s Fifth Road.

Saranda Iliria offers the most amazing views over Saranda Bay and onto Corfu. There is sea view even on the first floor of the building. Saranda Iliria is a new development in Saranda, situated in a favorable position on the downside of Saranda’s Fifth Road. Fifth road is the newest road in Saranda city centre and is becoming sought after, not only because the municipal government have applied strict conditions on developers constructing here, in terms of height and building lines (which has not always been the case in Saranda), but because significant funds have been invested into the provision of the drainage system running underneath this road and lighting.

Saranda Iliria will consist of 8 floors with the first floor intended for commercial usage, such as coffee bars, and boutiques. The remaining floors are designated for residential use. We are advised that all residential apartments are to have sea views.

Apartments will be 1 and 2 bedroom apartments. One bedroom apartments will range from 48m² - 68m² and the two bedroom apartments will range from 80m² - 1 07m². There will also be a penthouse measuring 220 m². In addition the development will provide 25 parking spaces, and a space may be reserved at the cost of €9,000.

Key Features
• Just released 10% under market value
• Apartments from only €670 Euro per m2, or from €39,195
• Quality construction and finish
• Expected Capital Growth 25% during first year
• Yields for this area are expected to be around 7% pa
• Parking available for every apt inside and outside of the residence
• All apartments with glorious sea view
• Maintenance fee approx €20 per month
• 10 min walk to Corfu ferry , good rental feature
• Views forever unobstructed.
• Clean in title. Full documents available
• Cafes and shops within residence
• Lift in the building

Bedrooms: Bathrooms: Price (€):
1 1 30,360
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

 
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Calculators

 
Property price: €30,360
 

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