Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
San Pietro - Puglia  
Reference nr: KH289825
Description:

San Pietro in Bevagna is situated on the Ionion coast, just off the main road between Taranto and Gallipoli and south of Manduria, 1 hour from Brindisi Airport. The area, according to many, boasts some of the finest sandy beaches and crystal blue sea in Italy, with a shallow shelf, benefiting beach sports and children's water activities. The town is small and still undeveloped, popular with Italian holidaymakers, the local amenities include restaurants, bars, supermarkets, banks, and seaside related activities.

This development is ideal for beach lovers and a wonderful base from which to discover the delights of Puglia.
The Development

The development is being built in 2 phases.

Phase 1; work in progress and due for completion September/October 2007.

Phase 2; building to commence September/October 2007 and due for completion June/July 2008.

Phase 1 consists of 32 units, 2 blocks facing each other of 16 apartments, 8 on each floor built in a row, each unit having independent front and back access. All units have a living space of 60m², a terrace of 30m², and an independent small garden with parking. They have 2 bedrooms, bathroom and living room with kitchen corner. The top floor units also have a roof terrace, great for those evening barbeques.

Prices

Phase 1 (limited availability)
Ground floor €112,000
1st floor €122,000

Phase 2 consists of 24 apartments. They will be built to the same specification as Phase 1. There will be 12 ground and 12 1st floor apartments, built in a row.

Phase 2
Ground floor €118,000
1st floor €128,000

The development is situated 200m from the sea and from the roof terraces of the 1st floor apartments, the sea can be seen.The apartments are being built one block back from the sea road, approximately 250 metres from the beaches. All houses in the area are maximum 2 floors and Puglia in general will not allow high rise buildings.

The layout of the development is like a U, the 2 sides being phase 1 and the bottom of the U been phase 2, the opening of the U faces towards the sea, each block is independent and there is approx 25m between the 2 blocks of phase 1.Payment Schedules and Completion Dates.

Phase 1. Is due to be completed by the end of September 2007. Hence the required deposit for the remaining available apartments is 50% of the total selling price. Balance on completion.

Phase 2. Commences in September/October 2007 and the completion date is anticipated to be June/July 2008. Deposit is 35% of the total cost and the 65% balance on completion.

Bank guarantees are in place for deposits paid.



Inspection Trips

Our Inspection visits to the area include the following: -

Airport transfers to and from your hotel in Italy

Hotel Accomodation

Transport around the local area taking in the sights, culture and lifestyle

Transport to a selection of properties that suit you

Investment advice

Rental income advice

Help with opening bank accounts, contacting a solicitor, arranging a mortgage etc.

Refund of your flight costs should you reserve a property with us

If you are interested in

Bedrooms: Bathrooms: Price (€):
2 1 112,000
Features:
Beach
Submission Date:
10-31-2007
Last Update:
01-30-2008
Advertiser Details:


Name:
Kevin Hill

Company:
The Overseas Property Centre

Phone:
00353 1 2890001
Fax:

Mobile:
00353 87 1227937

 
Property Photo Gallery

 

property photo
 
Calculators

 
Property price: €112,000
 

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