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Property for sale information

 
The Waterside, Kotor Bay, Montenegro  
Reference nr: JM299112
Description:

The Waterside is a boutique development consisting of 48 luxury apartments including moorings, occupying one of the only waterfront sites still available in the beautiful Kotor Bay. These contemporary apartments are being built using traditional local materials and will feature high spec interiors.

Montenegro is currently enjoying an increase in tourism from all over the world and this, combined with a lack of high quality accommodation, has created a strong rental market for bespoke apartments. Couple this demand with high capital appreciation and long hot summers and it underlines why Montenegro is an ideal option for both investment and lifestyle purchasers.

Developed by one of Italy's most prestigious developers, the project is set to create a benchmark for standards of luxury accommodation in Montenegro and is perfectly placed to take advantage of the amazing scenery and endless activities of Kotor Bay.

Situated only two minutes from the Kotor Ferry in the picturesque medieval town of Stoliv, The Waterside is ten minutes from Tivat Airport and just over an hour from Cilipi (Dubrovnik) International Airport.

Two and three bedroom apartments from € 156,000 Prices subject to currency fluctuation, all contracts take place in euros

Bedrooms: Bathrooms: Price (€):
2 2 156,000
Features:
City
Submission Date:
01-31-2008
Advertiser Details:


Name:
Joanne Murphy

Company:
Future Properties

Phone:
(0)1 669 4652
Fax:

Mobile:

 
Property Photo Gallery

 

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Calculators

 
Property price: €156,000
 

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