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Property for sale information

 
DENOVO Executive Residences  
Reference nr: CM435607
Description:

Highlights of this investment:
* Totally "hassle free" and "hands off" investments
* All apartments come fully finished and furnished
* Excellent stage payment terms
* Parking space included in the price and guest parking available
* Full rental management service available

Someplace Else Ireland are proud to introduce a new development DENOVO Executive Residences, located in the heart of Panama City’s Financial District on Samuel Lewis Avenue. It will consist of 1 and 2 bedroom apartments over 41 floors, totaling to 100 apartments.

Location: DENOVO will be perfectly located in the heart of Panama City’s Financial District on Samuel Lewis Avenue. Steps from the best local and international restaurants, world known brand names like Rolex, Ferrari, Hugo Boss, Baccarat, Lalique, just to name a few, high end luxury hotels, and most International Financial Institutions, thus guarantying a first class tourist attraction.
Unit Size: DENOVO will consist of 1 and 2 bedroom apartments. All apartments will have an office and 2 complete bathrooms. The 1 Bedroom Apartments will be 969 sq.ft (90mts2) and the 2 Bedroom Apartment will be 1,195 sq.ft. (111 mts2).

Total of Floors: 41 story with 100 apartments in total.

Building Features and Amenities:
Spectacular three-story Lobby that stretches floors high with glass entry
24 Hour “world-cierge” lifestyle services.
Fully equipped two story Gym and Health Spa
A Spectacular Infinity Pool, and Club house with Social Area
Fusion Restaurant with steak bar
Bar and Lounge
Wireless Internet connection in the common areas
Covered Parking with security
Panoramic glass elevator on common areas
24 hours Business center with executive services
24 hours Hotel Service
Optional Subscription to residence Executive rental Program
Laundry Services

Units Features:
All of the apartments come totally FURNISHED with a contemporary design
Italian Kitchens with stainless steel appliances and quartz countertops
Beautiful Bathrooms with a modern design and fixtures
Plasma TVs
Washer and Dryer in each unit
Telephone and Fax
Basic Internet connection
Central A/C
Panoramic views to Panama city

Maintenance fee: $3.00 per m2 (0.30 per sq.ft.)
Includes:
Water and gas,
Daily cleaning of the apartment
Changing and cleaning of towels and sheets once a week
Basic Internet and cable

Parking Space: 1 parking space per unit, plus 24 hour valet parking and a total of 60 extra parking spaces for visitors.

Tax exception period: 10 years Approx.

Construction period: Started on august 2007.
Finished by July 2009.

Method of Payment:
15% with the Contract
15% 3 months after the signing of the Contract
10% plus promise to buy letter from bank OR 20% without promise to buy letter from back, 6 months after the second payment.
Balance on completion approx July 2009

For further information and availability, contact Colin Murphy Tel: + 353 1 240 9366
Email: investments@someplaceelse.ie

Bedrooms: Bathrooms: Price (€):
1 2 270,800
Features:
Beach
City
Furnished
Spa
Submission Date:
11-11-2008
Last Update:
11-11-2008
Advertiser Details:


Name:
Colin Murphy

Company:
Someplace Else

Phone:
1890 425 425
Fax:
+ 353 1 258 6016
Mobile:
+ 353 8720 77755

 
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Calculators

 
Property price: €270,800
 

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