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Property for sale information

 
Balaia Atlantico Aparthotel (Algarve)  
Reference nr: AB172629
Description:

Description: Guaranteed Rental Holiday Apartments - SOLD OUT

Amazing rental guarantee offer!

This amazing bank guaranteed offer pays you a regular monthly rental income for five years, and is renewable for a further five years...

5% rental return for 5 years.

RENTING NOW FOR INSTANT RETURNS!!!

The Balaia Atlantico Four Star Aparthotel in Albufeira was completed in October 2006 and opened for business in November 2006.

So anyone who buys now will start receiving their monthly Guaranteed Rental income instantly!

Bulletin: Only a handful of these amazing rental guarantee deals remain, so we urge you to act fast if you are interested in securing a reservation.

Balaia Atlantico SOLD OUT

Every now and again a property development comes along that's so sweet it's impossible to resist, Balaia Atlantico is a classic example - in fact, we believe it's a peach of a deal.

Fully-furnished, fully serviced apartments in a luxury 4 star hotel close to the most popular beaches and nightspots on the Algarve - all packaged in a bullet-proof, guaranteed rental deal.

Balaia Atlantico is a stunning new serviced apartment hotel, which opened for business last November near the Sheraton Pine Cliffs resort and the thriving town of Albufeira.

The hotel itself is one of four in a group of luxury hotels finished to the highest 4 star standard and boasts, swimming pools, tennis courts, crazy golf, bars, restaurants, shops, gardens, sea views, gym and conferencing centre.

Albufeira

The former fishing village of Albufeira has expanded since the 1960s into one of the Algarve's major holiday resorts, surrounded as it is by some of the best known beaches on the Algarve. During the summer the old-town, with its plentiful collection of shops, bars, clubs and restaurants, is a major draw for tourists from all over the world.

Balaia Atlantico at a glance



Fully serviced 1 bedroom apartments in Balaia Atlantico luxury 4 star hotel

Apartments fully furnished to 4 star hotel standard

Sale price, fully furnished: €240,000 plus tax.

5% Rent guaranteed for first 5 years. Payment monthly in advance.

Mortgage finance available up to 80%

Mortgage rate only .75% above 6month EURIBOR for the term of the loan.

Bank guaranteed rental for first 5 years.

Two weeks free access to apartment owners between November and March.

Amazing 50% discount on peak season rates from April to September.

No service charge for term of agreement - 10 years.

Our final word

This is a genuinely safe, straightforward investment plus a slice of that sun-kissed lifestyle everyone is after, all in a beautiful and increasingly popular holiday location.

Airport: 38
Golf Course: 3
Bars: 0
Shops: 1
Beach: 4
Restaurants: 0

Features
24 hr Security
Air Conditioning
Community Pool
Fitted Kitchen
Garage Parking
Gardens
Gym
Parking
Safe
Storage
Tennis Courts
Terrace

Bedrooms: Bathrooms: Price (€):
1 1 240,000
Features:
Beach
Submission Date:
10-18-2007
Advertiser Details:


Name:
Zara Mulholland

Company:
Larionovo

Phone:
000000000000
Fax:

Mobile:

 
Property Photo Gallery

 

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Calculators

 
Property price: €240,000
 

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