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Property for sale information

 
Olivia Studios & Apartments  
Reference nr: LH698803
Description:

Located in Ovacik in the beautiful tourist holiday resort of Hisaronu, province of Mugla, on the west Mediterranean coast of Turkey, Olivia Studios & Apartments offer modern quality accommodation from just £49,000.

Olivia comprises eight studio/ 1 bed apartments located on the ground floor and 2/3 bedroom Duplex apartments on the first floor. The terraced balconies overlook the impressive swimming pool, with sunbathing deck reached by a wooden bridge either side.

The studios are approximately 35m2 with a living/lounge area, sleeping area for two, a kitchenette and separate bathroom. If required a dividing wall can be built to convert the studio in to a one bed apartment.

The two and three bedroom Duplex apartments have four two bedroom apartments that sleep up to five people; they contain a lounge, separate kitchen/diner, a bedroom and a large attic bedroom with an en-suite. The one three bedroom apartment also has an extra bedroom in the attic.

Olivia has stunning views of the Babadag Mountain and the cooling mountain breeze offers relief from those hot summer days. Just a short stroll away are quaint local restaurants who offer wonderful Turkish cuisine and hospitality. The more lively resort of Hisaronu is only a five minute walk away where you will find numerous shops, bars and restaurants to suit all ages and tastes. Oludeniz beach and the traditional harbour town of Fethiye are a short bus or taxi ride away.

The local beach of Oludeniz (Blue Lagoon) is becoming one of the most photographed beaches in the world. The Blue Lagoon of Oludeniz has calm, crystal clear waters which make it ideal for a variety of water sports and a very safe place for children to swim. Part of the lagoon is now a protected area and it is also a national park.

The price of the Olivia Studios & Apartments reflects their affordability for those wishing to invest in Turkey's booming property market. They are ideally situated to all the local amenities and facilities, making the rental potential high.

Features:

Balcony
Air Conditioning
Granite Worktop in Kitchen
Double Glazing
Swimming pool
Sunbathing deck
Stunning views
Local restaurants
Shops
Furniture Packs are available

Prices:

Studio Type A from 49,000 GBP
Studio Type B from 54,900 GBP
2/3 Bed Apartment Type C from 89,000 GBP
2/3 Bed Apartment Type D from 99,000 GBP



Payment Plans are flexible and will be negotiated between the Developer and the Purchaser at time of purchase.


COMPLETION DATE: May 2008

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 61,720
2 1 112,104
Features:
Beach
Private Swimming Pool
Submission Date:
02-22-2008
Last Update:
07-10-2008
Advertiser Details:


Name:
Laurie Hain

Company:
Off Plan Planet

Phone:
01517079335
Fax:
0870 141 2468
Mobile:
+44 0 7710 515144

 
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Calculators

 
Property price: €61,720
 

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