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Property for sale information

 
Borgo Novo, near Pizzo, Calabria, Italy / Up to Euro 1,000 refund with unit purchased, offer valid until end of month  
Reference nr: LO605423
Description:

Borgonovo is situated on the shore of the Tyrrhenian Sea, 700 meters from Pizzo town centre and within a short 15-minute drive of Lamezia International Airport offering direct and inexpensive flights to the UK. The resort comprises of 1 & 2 bedroom apartments and 2 bedroom townhouses each elegantly designed with Italian taste and architecture in mind. The development is situated in one of the most sought after areas of Pizzo close to all amenities i.e. shopping, train station, restaurants, Parks, and about 15min drive to the Water Park Tropea.

Pizzo is one of the most renowned towns in the Vibo Valentia province on the western coast of Calabria. The town is a well-known and popular seaside resort as well as a thriving fishing center. Pizzo and the province to which it belongs to, Vibo Valentia, is famous for its scenic rugged coast, long sandy beaches, pleasant climate and the best ice cream in the world. Il Tartufo was invented here in Pizzo to honor the visit of Prince Umberto I of Savoy in 1943. There are about 15 gelaterias in Pizzo, all small family business with their own secret recipe for the tartufo. Pizzo is also famous for its swordfish, pesce sparda and its tuna. Even the Japanese import the tuna of this region. Walking up and down the small alleys in the old centro storico you can enjoy the views of the sea and the roofs of this picturesque little town. The main sight is IL castello Murat, where unlucky Joachim Murat, ex-king of Naples and BIL of Napoleon was imprisoned and executed in 1815. Also an impressive sight is the amount of churches in this little town which has about 9.000 inhabitants. One is built into a grotto, la Chiesa di Piedigrotta. But the heart of Pizzo is La Piazza Repubblica. It is also called IL salotto, the living room, as this is where people meet, especially in the evening.



•Train station with direct access to Tropea, Reggio Calabria, Vibo Valentia, Napoli, Rome and Milan
•Same developer as Club Med & Garden Resort
•15 min from Tropea
•Last plot of land with planning permission in Pizzo


Included
•Car parking included in the price
•Kitchen fully fitted
•Bathrooms fully fitted

All white goods included except for washing machine and dishwasher however plumbing will be included for both.

Construction starting February 2008

Facilities
•Swimming pool
•Tennis Courts
•Club house
•Restaurant
•Bar
•5 min walk to the beach

Additional proposed facilities
•Beach Bar
•Rock Climbing
•Kayaking
•Sailing


Prices start from €76,000 for 1-bed apartment


Payment Plan
€3000 reservation followed by:
30% on issue of contracts
20% after 1 year
50% on completion

Completion: March 2010

PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.

Bedrooms: Bathrooms: Price (€):
1 1 76,000
Features:
Beach
City
Furnished
Private Swimming Pool
Submission Date:
04-18-2008
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: €76,000
 

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