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Property for sale information

 
Low Risk Investment - Student Accommodation In the Heart of Portos' University District  
Reference nr: IS832234
Description:

‐ Studio, 1, 2 and 3 bed Apartments available
‐ Prices starting at €94,325
‐ Parking for every apartment
‐ 12 month rental guarantee at 5% p.a.
‐ First 12 months management free, 7% p.a. thereafter
‐ 28,000 students studying in immediate vicinity
‐ 10,000 staff at nearby Hospital S. João
‐ 10,000 new students every year starting courses at the University, with next
enrolment commencing September 2008
‐ Close proximity to new Metro service offering direct access to most of Porto city
‐ Amenities such as bars, restaurants and shopping centres all in close proximity
‐ High growth area due to demand for rental property and surrounding development
‐ Travel time under 2 hours from the UK

The Porto Oriente development has been specifically designed and the site chosen to satisfy a shortage of student accommodation in the University District. The development is situated at the heart of the University Campus, which is made up of 15 generally autonomous ‘schools’, each specialising in a specific discipline.
In addition to the 28,000 students that attend the various faculties at the University, there are in the region of 3,500 staff based on site, many of whom come from all over the world to teach the various disciplines offered at the school.
The Hospital S. João is also located under 5 minutes away (see fig. 3) from the development, which employs approximately 10,000 staff.
Considering that the University offers student accommodation for only a very limited amount of students, and generally under special circumstances, it is clear there is a large gap in the market locally for high quality apartments, tailored to the student market. This is
becoming ever clearer by the development beginning to take place in the surrounding area.
Porto Oriente is complete and around 40% of the development has been sold to local people, parents of overseas students and local investors.
Maexpa International have identified Porto Oriente as an ideal investment product for the ‘armchair’ investor, without the need to manage the properties on a short term let basis as is generally the norm with most overseas investments, which are typically targeted
at the tourism market. With this in mind Maexpa will be offering a 5% rental guarantee for the first 12 months after completion. Generally students attend the University of Porto for 3‐4 years, thus the void period at the start of the tenancy will be borne out by Maexpa and
upon transfer of the tenancy agreement after the guaranteed period of 12 months typically the tenants will extend their tenancy.

Bedrooms: Bathrooms: Price (€):
1 1 104,610
2 1 141,130
3 1 407,550
Features:
City
Submission Date:
09-11-2008
Last Update:
09-11-2008
Advertiser Details:


Name:
International Sales

Company:
Maexpa International

Phone:
00 44 (0) 207 960 6039
Fax:
00 44 (0) 207 960 6139
Mobile:

 
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Calculators

 
Property price: €104,610
 

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