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Property for sale information

 
Greece, Ionian Islands, Zakynthos / Luxury Development close to amenities  
Reference nr: LO463863
Description:

Kalamaki Garden Villas in Kalamaki/Zakynthos is a new off-plan high quality, holiday complex backed by mountains & surrounded by olive groves. The private complex will consist of 10 semi-detached two-storey villas and is located 500 metres from the resort of Kalamaki, 4 km from the main town of Zakynthos & 3 km from the airport.


FEATURES:
Ground floor: 40 sqm
Large living room, dining area, separate fully fitted modern kitchen and 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 brick & colour plastered wall & fencing surrounding entire complex providing security and safety
 One large communal swimming pool.
 Two-meter patio area around the pool.
 Landscaped grounds and gardens with fountain, 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. (Please ask for details)
 Tourist Licence for each property from the Greek National Tourist Board (EOT)
 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:
● 500 metres from the resort of Kalamaki, 4 km from the main town of Zakynthos & 3 km from the airport.
● Kalamaki is one of the main holiday resorts on the island, offering a 5 – 10% guaranteed annual capital appreciation on property.
● The complex is only 1.5 km (a ten minute walk) to the long sandy beach of Kalamaki, which is famed as the reproduction area for the Caretta Caretta sea turtle.
● The holiday resort of Kalamaki offers a wide selection & choice of shops, restaurants, bars & nightlife that suits everyone’s taste.

Kalamaki, Zakynthos
Kalamaki is a well-developed resort backed by mountains and olive groves and because of its long sandy beach it is a magnet to many tourists during the summer and hence one of the main resorts of the island. The resort centre offers a wide selection of tavernas, restaurants, bars and shops making it an ideal spot for families and couples,

Kalamaki beach is famed as the reproduction area for the endangered species the loggerhead turtles (Caretta Caretta) and a great advantage of spending your holiday here is, you will have the chance of a lifetime to spot them, gracefully swimming in the clear blue water or in a glass bottom boat from which you may watch them in their natural environment.

Kalamaki has maintained its Greek feel, with the relaxed and slow place of life still apparent despite its recent an

Bedrooms: Bathrooms: Price (€):
2 1 170,000
Features:
Beach
City
Submission Date:
04-17-2008
Last Update:
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: €170,000
 

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:
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ROI

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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 (€) **
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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.

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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