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Property for sale information

 
Colombo's Resort  
Reference nr: SP567533
Description:

Port Santo - Portugal's best-kept secret
Colombo's Resort on the island of Porto Santo will offer 193 luxury apartments, 12 villas and a luxury hotel & health spa, set in one of the most dramatic landscapes imaginable and just a step away from one of the most beautiful beaches in the world.

It has been a well-kept secret amongst Portugal's cognoscenti for years, where those in the know go to escape the crowds of summer tourists. Now, a tiny island 40km off the coast of Madeira is set to become the latest fashionable hideaway for those wanting to live abroad, with the development of an exclusive 5-star resort designed by famed Spanish architect Ricardo Bofill.

Just 14km long and 4km wide, the island of Porto Santo is one of Europe's finest destinations. Undeveloped as a holiday spot until now, a huge investment by the Regional Government is now transforming the infrastructure to make it a truly exclusive hideaway - untouched by mass tourism, easily accessible from Britain and Mainland Europe and benefiting from the warm year-round climate that has made Madeira so popular for so long.

But where Madeira is known for attracting retirement couples seeking some winter sun, Porto Santo is where the younger, smarter set head. And Colombo's Resort, flanked by a first-class golf course designed by Seve Ballesteros, will appeal to the most sophisticated visitors.
Bofill's design, in keeping with his credo of 'memory and future', is a stylish low-level development, grand in vision but blending harmoniously with its surroundings and employing the finest quality materials and workmanship. Apartments are contemporary, with a passionate commitment to detail, quality and functionality yet responding to the timeless demands of comfort and luxurious styling; and the Luxury Collection Hotel, operated by Starwood Hotels and Resorts Worldwide, will provide a discrete getaway for the holiday elite.

Moreover, a population of less than 5,000, strict planning controls that prohibit high-rise or high-density buildings and a government-imposed restriction of 4,000 hotel beds ensure that the island's cultural and ecological balance is preserved and that Colombo's Resort will remain entirely exclusive.

Bedrooms: Bathrooms: Price (€):
2 2 348,000
2 2 348,000
4 4 195,000
Features:
Beach
Golf
Submission Date:
02-09-2007
Last Update:
06-05-2007
Advertiser Details:


Name:
Niamh Walsh

Company:
Lisney

Phone:
+ 353 1 6198900
Fax:
353.1.6198923
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