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Property for sale information

 
Samos Island, Greece / 8% Guaranteed rental income for 3 years, fantastic finance options  
Reference nr: LO200362
Description:

HURRY! BUY NOW! PRICE INCREASE OF 10% COMING INTO EFFECT BY 30TH JUNE 2008!
• 8% Guaranteed rental income for 3 years
• Make up to €301,000 by completion
• Fractional ownership available with just €18,000 investment
• 930m2 5-star spa
• Facilities include tennis courts, dive centre, gym, and more
• Just 3.5 hours flight time from the UK
• Buy with just 30% down - nothing further to pay until completion
• Beach front location
• Sea views from all units
• Exclusive private marina
• Established local and international resale market
• Purchase direct from the developer
• AIPP registered company
• Secure payments to designated Escrow
• Lifetime Aftercare
• Private outside space at no extra cost


WHY SAMOS?

They chose Samos as the location of the resort for the following reasons:

•Direct flights from the UK
•Culture and history
•200,000 holidays booked from UK alone in 2006-7; an increase of 21% on year before
•Lack of upmarket accommodation on island and government drive to increase 5-star tourism
•Established local tourism already exists
•Beautiful landscape with a mixture of sandy and stony beaches, forest, mountains and crystal blue waters
•Typically traditional Greece with no 18-30 culture
•Nothing as upmarket and luxury as Halcyon Hills on the island

WHY KILMA BAY?

They have chosen the land on Kilma Bay as the location for the luxury 5-star spa resort for the following reasons:

•The land faces south and is protected from the open sea
•Beach front
•Natural gradient of land allows a breathtaking sea view from each property
•Convenient position, only 20 minutes from airport and 20 minutes from Capital Vathy
•Fantastic marine life - ideal for swimming and snorkelling
•Due to the mountain range dividing the North from the South, the area is protected from strong winds and enjoys a better climate than the North which has a higher rain fall
•No neighbouring resorts or competition

Studio starting from Euro 189,000 (£145,000)
1-bed kampana starting from Euro 269,000 (£205,000)
1-bed townhouse starting from Euro 339,000 (£260,000)
2-bed villa starting from Euro 399,000 (£310,000)
3-bed villa starting from Euro 689,000 (£530,000)

PLEASE NOTE: PRICE INCREASE OF 10% FROM 30TH JUNE 2008!

PRICES FROM 30TH JUNE 2008 IN STERLING:
Studio from £ 160,000
Kampana from £ 230,000
1-bed townhouse from £ 290,000
2-bed villa from £ 335,000
3-bed villa from £ 580,000

NEW FINANCE OPTION

Initial 30% deposit.
Guaranteed 70% developer finance with any interest payments being added on at completion. You will then be able to apply for the Greek mortgage of 80% LTV based on the completion price in 2010. You no longer need to meet interest payments throughout the build! They can also assist you with raising the initial 30% deposit.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 189,000
Features:
Beach
Private Swimming Pool
Spa
Submission Date:
04-24-2008
Last Update:
05-26-2008
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: €189,000
 

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