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Property for sale information

 
Palermo Tower  
Reference nr: CM559940
Description:

The developer intends to increase price by at least 30% in the next 15 months
24 Hours security and control access - Swimming pool with solarium - Gym - Jacuzzi - WIFI internet
• 1st payment 10% to paid with in 5 days after signing pre-contract • 2nd Payment 20% three months after the first payment • 3rd payment 60% arranged
A brand new 17 story apartment block featuring studios, 1 and 2 bedroom apartments, prices starting at €56,000 ($83,000)
All with Wide balconies, terraces or patios - Wonderful View to the river and green spaces

If you are looking for capital growth then the Palermo area of Buenos Aires is a logical choice. Palermo Tower is a brand new 17 storey apartment block with 1 and 2 bedroom units; all with wide balconies, terraces or patios and wonderful views to the river and green parks.


Palermo Tower offers the following features:

- Parking spaces.
- Modern high Speed elevators.
- 24 Hours security and control access.
- Swimming pool with solarium.
- Gym.
- Jacuzzi.
- Laundry.
- BBQ Area.
- WIFI internet
- Completion in December 2010

Demand for rental properties is Palermo is high giving investors a chance to enjoy a long term rental income. Palermo Tower is in an established residential district which is affordable to the local market.

Prices are currently at a pre-construction discount, the developer intends to increase price by at least 30% in the next 15 months and they are sure to continue to increase before completion.

The rental market is growing, luxury apartments being the more popular choice. At present, high quality apartments in Palermo can expect yields of about 8% to 10%. Palermo Tower is a high specification development which should easily attract tenants and command a rental premium. In addition the developer is offering a fully managed rental scheme.

Someplace Else are setting up our latest office in Buenos Aires and we will be available to help with future rentals and resale’s should you require this.

The next step....pick up the phone!

We only have a limited availability of these apartments. Due to the huge interest we have had in the build up to this launch we expect these to sell out very quickly. To ensure you do not miss out on this fantastic investment opportunity call one of our consultants now on 1890 425 425

Bedrooms: Bathrooms: Price (€):
1 1 89,000
Features:
City
Submission Date:
12-07-2007
Last Update:
10-14-2008
Advertiser Details:


Name:
Colin Murphy

Company:
Someplace Else

Phone:
1890 425 425
Fax:
+ 353 1 258 6016
Mobile:
+ 353 8720 77755

 
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Calculators

 
Property price: €89,000
 

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