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Property for sale information

 
Las Canas Beach Resort  
Reference nr: SH982737
Description:

Just £1,000 RESERVATION FEE required:
100% finance available
2 year rent guarantee
30 days FREE use per year
40% under market value
Cash back

Just £1,000 reservation fee required until completion and 100% financed. A selection of studios, apartments and villas, Las Canas upon completion will total between 500-1000 acres with a wealth of facilities being constructed within the resort; 18 hole signature golf course, 22 acre Spa Island and well being, Sports Academy, several restaurants, a floating bar and swimming pools, conference facilities, casino, boutique shops and much much more. The resort is going to be one of our crowning achievements and has the added benefit of having a large shopping centre (of which there is currently no such facility in the area) offering tax-free retail to clients, this will come in handy with the Dubai Royal family who are in the process of buying the marina port in Puerto Plata thus offering docking for large cruise liners which will increase tourism to the area. The resorts are being constructed in the North coast of the country which is going to be benefiting from the added 100 million dollars being invested by the government to increase tourism to the area along with the money already invested into the infrastructure; roads, facilities and abolishing the shanty towns. There are many reasons to invest in the Dominican Republic, some that have been listed below which can all be found on sites such as Google; Dominican Republic is the most popular destination for Canadians and the 4th for Americans, It welcomes 29% of all tourists to the Caribbean 17 long haul and 22 short haul flights per week into the island, our resort is just a short drive from the airport. There is a current shortage of rooms and upmarket hotel accommodation - they need another 2,500 by 2012 with the envisaged increase in tourism. Occupancy rates are between 74-96% year round. Over 20 golf courses in the island, with the Playa Dorada being one of them. The Dominican Republic in January had an increase of 5.5% of visitors to the country this year compared to that of January 2007 - an extra 18,500 people just in that month alone, Las Canas will have approximately a 24 month build period and will commence the build towards the end of 2009 for completion the end of 2011. As above, the whole project is set for price rise in May as it will be fully launched at A Place in the Sun exhibition on the 25th, 26th & 27th April - where prices will increase.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 108,000
1 1 157,760
2 2 189,320
3 2 410,194
4 2 498,543
Features:
Beach
Furnished
Private Swimming Pool
Submission Date:
03-29-2008
Last Update:
02-24-2009
Advertiser Details:


Name:
Stephen Adams

Company:
Vista Worldwide Property

Phone:
+44 (0)844 504 7415
Fax:

Mobile:

 
Property Photo Gallery

 

property photo
 
Calculators

 
Property price: €108,000
 

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