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Property for sale information

 
Cabro Development  
Reference nr: UP881744
Description:

Firstly, we have a luxury selection of Villas available exclusivily from €330.000 if its a holiday home you are looking for.

Why Invest in Morocco
1.Moroccan property increasing by up to 30% a year
2.Just 3 hours flying time from the UK
3.Tunnel to Gibraltor planned to start in 2008
4.Open Skies' agreement will open the country to all low cost airlines in 2007
5.Tourist numbers set to increase fivefold by 2010
6.No rental tax for 5 years
7.No inheritance tax
8.20% maximum capital gains tax


They are freehold properties, planning permission and clean land title. Contracts ready to go. Prices include VAT and private car parking.



The Luxury Development:

Utopia Property Investments are pleased to announce that the waiting list for the Cabo Development golf and greens apartment development are now in top flight.

This investment opportunity is located along the Smir Coastline, Northern Coast of Morocco, within Cabo Negro. This offering is exclusive to Utopia Property Investments and its members.

The development comprises of 260 plus luxury apartments, the first phase being released is approximately 30 units. The resort is located on the King's golf course, less than 500m from the sea. The whole resort is less than 4 storeys high. The development contains commercial shopping units, private car parking and 2 large swimming pools.

The apartments are being constructed by one of the top Spanish contractors and carries a bank guarantee for the project.

These properties sit on residential land and therefore are 100% freehold.

The development has a selection of 1 and 2 bedroom offerings, situated first or second line golf.

The apartment blocks all have elevators and are internally finished to a very high standard.

Prices are inclusive of VAT @ 14% and start at 160,000€.

Payment terms –
20% on exchange ,
20% in 6 months
60% on completion.
2 yr build

Contact Us for the presentation of this impressive exclusive development by registering on our web site. www.utopiapropertyinvestments.ie



To secure your place on the list a refundable €1000 check is needed and will be held (uncashed) until 20 days to view contracts and choose a preferred apartment form the availability lisiting.

Spec

Reinforced concrete columns and beams structure to comply with Moroccan seismic
regulations.

FAÇADES
Double brick with cement mortar rendering

INTERNAL WALLS
Internal divided walls with faced red brickwork.

ROOFS
Terraces waterproofed to comply with regulations, insulating, etc.

COATING
Plastered on the outside with rendered cement mortar.
Plastered on the inside and refining with painting plasterboard.
Plasterboard in the wet area and where required by the fittings.

FLOORS AND TILING
Rustic ceramic tiles wi

Bedrooms: Bathrooms: Price (€):
1 1 120,000
Features:
Beach
Golf
Submission Date:
04-02-2007
Last Update:
06-05-2007
Advertiser Details:


Name:
Utopia Property Investments

Company:
Independent Property Advisors

Phone:
000000000000
Fax:

Mobile:

 
Property Photo Gallery

 

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Cabro Negro

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Calculators

 
Property price: €120,000
 

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