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Property for sale information

 
Kalamaki Gardens  
Reference nr: SC726185
Description:

Kalamaki because of its long sandy beach is a magnet to many tourists during the summer and one of the main resorts of the island. Kalamaki is a well-developed resort backed by mountains and olive groves and offers a wide selection of tavernas, restaurants, bars and shops making it an ideal spot for families and couples. Kalamaki has maintained its Greek feel, with the relaxed and slow pace of life still apparent despite its recent and increasing popularity with tourists.

Kalamaki Court Villas is a new off-plan high quality, holiday complex backed by mountains & surrounded by olive groves. The villas, ten in total will be built in 2008/09 and completed for the start of the rental season of 2009. The private complex will consist of 10 semi-detached two-storey villas, constructed by a highly reputable construction company that have built several developments on the island over the past few years.

· Attractive 2 metre stone 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 barbeque & outside shower area.

· Parking spaces at the entrance to the complex for each 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.



· Standardized purchasing process assistance

· Property and Rental management services

· For your ease and convenience, each unit can be fully furnished & ready for occupancy and rentals 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.

Bedrooms: Bathrooms: Price (€):
2 1 170,000
Features:
Beach
City
Furnished
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: €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:
  * 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