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Property for sale information

 
Akrotiri Court  
Reference nr: SC891042
Description:

On the Eastern shores of the island the beautiful and tranquil location of Akrotiri, due to the high cost of land in this area, is sparsely developed and so still remains covered in lush green countryside & traditional olive groves. The luxurious small development of detached two bedroom villas (7 in total) called the Akrotiri Court Villas is 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.

Top 5 Reasons to buy a property in Akrotiri
· A very elegant place to live with great annual capital gains on the property.
· The nearby beach of Tsilivi (only 800m away) is great and safe for kids.
· A good nightlife which suits everyone in nearby Tsilivi
· Good restaurants and friendly bars
· Good water sports (parachuting and jet skies)

Akrotiri Court Villas is a new off-plan high quality, holiday complex surrounded by olive groves. The villas, 7 in total will be built in 2008/09 and completed for the start of the rental season of 2009. The private complex will consists of 7 detached two-storey luxury villas, constructed by a highly reputable Development Company that have built several developments on the island over the past few years. It is located 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 offers 5 – 10% annual capital appreciation on the property.
The complex offers spectacular sea views with the nearby beach of Tsilivi only 600m away.
· 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.

Access
By Air
45-minute flights with the Olympic Airlines are scheduled on a daily basis all year round from Athens, Greece – Athens International Airport Eleftherios Venizelos. Also all year around regular flights connect Zante airport to the airports of Kefalonia, Preveza, Corfu and Thessaloniki.
During the peak period for tourism (April-October), international charter flights link Zante directly to a number of European cities on a daily basis i.e. UK, Ireland, Germany, Holland, Italy, Switzerland, Austria, Scandanavia etc.
The airport of Zante is only 3 km from the capital town.

By Sea
1 hour trip on the ferryboat (18 nautical miles) from the port of Kyllini (north-western Peloponnese), to the island of Zante. In summertime, trips are scheduled six times daily. In wintertime, trips are scheduled 5 times a day.

By Road
KTEL buses (Greek Association of Bus Operators) serve daily non-stop routes between Zante and Athens (286 km) or Patras (80 km)

Bedrooms: Bathrooms: Price (€):
2 1 195,000
Features:
Beach
City
Private Swimming Pool
Submission Date:
04-29-2008
Last Update:
05-07-2008
Advertiser Details:


Name:
Shane Cunningham

Company:
Pruntys Overseas property

Phone:
00353 1 498 3733
Fax:

Mobile:

 
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Calculators

 
Property price: €195,000
 

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