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Property for sale information

 
Italy, Calabria, Reggio Calabria / New launch, only 300m to the beach  
Reference nr: LO780958
Description:

This new development is situated on an exclusive elevated site of 38 units of 2-bed 1-bath apartments. Only 300 meters walk to a golden sandy beach this development offers sea and mountain views for all units. The local authority have also announced that they propose to built a state of the art aquarium in order to showcase a wide range of sea life only found in this part of the world.

Starting from Euro 130,000 for 2-bed apartment

• Starting September 2008
• Completion Mid 2010
• High Rental in Summer to Italians
• Main resort during the summer period for residents of Reggio
• Expected Rental Yield 8%
• New 300 birth Marina in Pentidattilo
• Untouched Landscape
• Micro Climate
• All units have sea views
• 20 mins from Reggio Calabria
•45 mins from Gambari Ski Resort in Aspromonte, Calabria
• Most beautiful view of Pentidallilo Village
• 20 mins from 18 Hole Golf Course
• 10 mins from Bova Marina (Greek Town)
• Ancient Church Restorations to house an Italian restaurant



Specification
• Superior Specification
• Fully Fitted Kitchen
• All white goods included excluding the dish washer and washing machine however pre-installation of plumbing.
• Access to the beach through a pedestrian underpass


Melito Porto Salvo
Melito Porto Salvo is a small sea side resort which is bordered by one of the most amazing beaches on the Ionian ocean. This setting is a place where you can relax and optimize your lifestyle requirements. The development provides you with a unique opportunity to buy into the new Italian Riviera in a truly luxurious setting which will also maximize your investment, thus giving you the opportunity to live life on an even kneel.

Pentidattilo
Pentidattilo is an old village in Southern Italy, about 30 mins drive from the bustling cosmopoliton town of Reggio di Calabria. The village is built in the palm of a mountain shaped like a hand, from which it takes its name "five fingers". The area around Pentidattilo possesses a breathtaking natural beauty. Away from the beach, the rural landscape is as timeless as the sea, with ancient groves of olive and bergamot orange. Bergamot is used in Earl Grey tea and modern cuisine, and its essential oil is central to perfumery. This important crop has helped preserve the region as it is, wooded, stable and unspoilt.


Reggio di Calabria
Reggio di Calabria is the largest and the oldest city in Calabria, dating back to the 8th century BC. Located on the toe of the Italian boot, it's the capital of the province of Reggio Calabria and the headquarters of the Regional Council of Calabria. The city has about 200,000 inhabitants, but the population of the urban area is more.
Overlooking the straights of Messina, hydrofoils and ferries regularly cross to Sicily seven miles away. Reggio is a modern city, with excellent shopping, nightlife, culture, with its annual film festival and local and international cuisine.


Nearby Activities
• Skiing
• Golf
• Hunting &

Bedrooms: Bathrooms: Price (€):
2 1 130,000
Features:
Beach
City
Submission Date:
06-10-2008
Last Update:
06-13-2008
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: €130,000
 

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