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

 
Front Line Exclusive Development  
Reference nr: LO964291
Description:

Exceptional opportunities like this are rare !! Contact us for DVD on Dublin 01 6771188 Algarve 00351 916235958

FULL SET OF FLOOR PLANS AVAILABLE IN OUR OFFICE AT 29 WELLINGTON QUAY, DUBLIN 2.

We are now selling Phase 2 of this development which is facing the sea! To be more exact, it is right on the beachfront and about 50 metres from the sea!!

All apartments have sea-views.

There are 24 apartments in total in this phase. 15 apartments are already sold, 9 apartments are left.

Pricing:
T1 studio 185,000 euros
T1 1 bed apartments 275,000 euros
T1 1 bed duplex penthouse apartments 290,000 euros
T2 2 bed apartments 375,000 euros

All apartments have:

Seaviews
Balconies
Fully fitted kitchens
Fully installed air conditioning
Acoustically lined electric shutters
Double glazing
Underground parking
Swimming pool in landscaped gardens

The duplex 1-bed apartments have a large terrace (approx 30 metres long) to the front and a private garden to the rear. There are steps from the gardens up to the communal pool which is for the exclusive use of the 24 apartments in this apartment block.

Completion: April 2009

Payment terms:
6,000 euros reservation deposit
25% on promissory contract less the 6,000 euros deposit: 6-8 weeks after reservation
75% on completion in April 2009

Located on the front line in the harbour of Olhos Do Agua, with the beach 50 metres away. All apartments have sea views. Each apartment has luxury finishings, fully fitted equipped kitchens, air conditioning as standard, this is a closed condominium with private swimming pools, landscaped gardens with private under ground parking space.

This is the last phase of the development released for sale in August 2007 to be started around October 2007 with completion around January 2009 - off plan with apartments chosen from the drawings with our expert help.

This is a very special development as it is located front line over looking the sea which is approx 100 metres away in the lovely harbour of Olhos D' Agua with shops, cafés, restaurants and bars on your door step. It is a perfect location for a lazy holiday with every thing you want within a short walk.

If you want a more energetic time take a 5 minute taxi ride into Albufeira the Algarve's top hot spot or 10 minutes drive into Villamoura to the more sophisticated harbour for boat trips and superb golf courses.

With four other beaches within 5 minutes drive and Faro airport only 30 minutes away the location of this development is almost unbeatable.

As the development is on the beach and located in the central Algarve in between Albufeira and Vilamoura the income from rentals is excellent in this location you should achieve strong rent for up to 6 months of the year, and with mortgages approved subject to status you can't go wrong.

The development is on four floors with the ground floor comprising of shops, restaurants, the top floor comprises of ten one bedroom duplex apts with huge roof top terraces and fantastic sea views , these must be some of the best apartments for sale on the whole of the Algarve.

Features:

- FRONT LINE
- BEACH FIFTY

Bedrooms: Bathrooms: Price (€):
0 (studio) 185,000
Features:
Beach
Golf
Private Swimming Pool
Submission Date:
03-28-2008
Advertiser Details:


Name:
Locations - Overseas Department

Company:
Locations

Phone:
+353 (0) 1 6771188
Fax:
+353 (0) 1 677 11 98
Mobile:

 
Property Photo Gallery

 

property photo

property photo

property photo
 
Calculators

 
Property price: €185,000
 

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