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Property for sale information

 
Colina Smir  
Reference nr: RO254265
Description:

There are many good qualities of the Colina Smir development, sandy beaches, marinas and golf courses to name a few. Colina Smir is just 20 minutes from Ceuta and is situated just a short walk form the lovely sea side town of M’Diq. Nearby are luxurious hotels and marinas, tennis courts, shopping centres, a waterpark and beautiful beaches. The surrounding area is beautiful and quite up market – the King has a holiday palace here.

Morocco benefits from over 300 days of sunshine per year – the country has a climate comparable to the Mediterranean climate. The summers are hot and the winters are mild making Morocco an all year round destination. Investing in a property in Colina Smir will allow you to holiday in luxury at a fraction of the cost in European destinations.

Colina Smir offers 1, 2 and 3 bedroom apartments, with the ground floor apartments enjoying an ocean view. On site there will be swimming pools and children’s play areas.

Specifications:

Foundations and structures: Reinforced concrete and brick.
Tiling: Tiling throughout kitchens and bathrooms
Flooring: ceramic floor tiles throughout
Electrical installation: Each apartment will be 220V.
Bathrooms: white porcelain sanitary ware
Kitchens: marble granite worktops, electric cooker, installation for washing machine
TV: Satellite installation to all blocks.
Windows: Aluminum
Doors: All doors made of wood

Completion: Summer 2008 for First Phase

Bedrooms: Bathrooms: Price (€):
1 1 82,000
Features:
Beach
Golf
Private Swimming Pool
Spa
Submission Date:
01-13-2009
Last Update:
03-04-2011
Advertiser Details:


Name:
Rachel O'Dea

Company:
Privilege Estates

Phone:
0044 (0) 2074023327
Fax:
0044 (0) 2074023327
Mobile:
0044 (0) 7779297744

 
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Calculators

 
Property price: €82,000
 

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