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Property for sale information

 
Greece, Ionian Islands, Zakynthos / Luxury Small Development with seaviews & 2 pools  
Reference nr: LO720998
Description:

Akrotiri Court Villas in Akrotiri/Zakynthos is a new off-plan high quality, holiday complex surrounded by olive groves. The private complex will consist of 7 detached two-storey luxury villas, less than 1 km from the popular resort of Tsilivi, 3 km from the main town of Zakynthos & 5 km from the airport. It is being constructed by a highly reputable Development Company that has built several developments on the island over the past few years.


FEATURES:

Ground floor: 40 sqm
Large living room, dining area and separate fully fitted modern kitchen and separate utility room. Both the living room and the dining area have access through large glass doors to a covered patio of 14 sqm surface.

First floor: 40 sqm
Two bedrooms with large fitted wardrobes, a bathroom with bath & shower combined, furniture with sink and toilet. Both bedrooms have access to a veranda, which has 14 sqm surface and is covered by pergolas.

UPVC windows and fly screens throughout.



COMMUNAL AREA FACILITIES/SERVICES:

Attractive 2 metre stone wall & fencing surrounding entire complex providing security and safety
Two communal 32 sqm kidney shaped swimming pools.
Two-meter patio area around the pool.
Jacuzzi- Spa.
Landscaped grounds and gardens with barbeque & outside shower area.
Parking spaces at the entrance to the complex for each property.

Standardized purchasing process assistance
Property and Rental management services
For your ease and convenience, each unit can be fully furnished & ready for occupancy and rental at the beginning of the season
Tourist Licence for each property from the Greek National Tourist Board
Guaranteed rental income of 5% for first 2 years with possible option to renew thereafter
Mortgage package of 80% LTV, first 2 years interest only payments

THE LOCATION
● Less than 1 km from the popular resort of Tsilivi, 3 km from the main town of Zakynthos & 5 km from the airport.
● Akrotiri is one of the most prestigious areas on the island of Zakynthos and hence offering 5 – 10% guaranteed annual capital appreciation on the property.
● The complex offers spectacular sea views with the nearby beach of Tsilivi only 800m.
● The holiday resort of Tsilivi offers a wide selection & choice of shops, restaurants, bars & nightlife that suits everyone’s taste.
● Good water sports (parachuting and jet skies)


On the Eastern shores of the island the beautiful and tranquil location of Akrotiri, due in much to the high cost of land in this area, is sparsely developed and thus still remains to be enjoyed much lush green countryside & traditional olive groves. The luxury small development of detached two & three bedroom villas (7 in total) called the Akrotiri Court Villas will be set on the hillsides of Akrotiri, graced with a captivating view to the Ionian Sea towards the Peloponnese, over the rich landscape that is covered in olive groves all the way down to the seashore.

Admittedly one of the finest settings on the island of Zante, Akrotiri has always been cherished as the favorite resort for the upper class. It was there that the

Bedrooms: Bathrooms: Price (€):
2 1 200,000
Features:
Beach
City
Private Swimming Pool
Submission Date:
04-17-2008
Advertiser Details:


Name:
Locations - Overseas Department

Company:
Locations

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

 
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Calculators

 
Property price: €200,000
 

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