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Property for sale information

 
Padenghe 5-Star Village, Lake Garda  
Reference nr: Padenghe
Description:

Nestled into the rich scenery and only a stones throw from the lake, sits Padenge sul Garda's five star village. The development offers a warm and pleasant atmosphere, where tradition and hospitality is celebrated. New developments with resort style facilities are particularly hard to come by in this region and Padenghe 5-star village has everything to offer.





THE VILLAGE

The first section of the village was completed in 2006 and now we are launching the holiday and residential apartments. The resort has been designed by local architects and particular attention is paid to every detail. The Village is spaciously designed to incorporate large communal garden space with lushly planted gardens. There are a total of 72 apartments within the village. Even though the apartments do not offer lake views, it is situated only 150m from the lake itself.
Blocks A B C D E sold
Block G, H, completion, May 2007
I one, I two, H two. Now available, completion, Dec 2008



THE APARTMENTS

Fully fitted Kitchen
White goods included
Furnishings included
Air-condition.
A turn Key property


There are one and two bed apartments available.
One beds start at €226,000, inc furniture, air conditioning and VAT. This measures 53.3msq inc terrace.
Two beds start at €348,700, inc furniture, air conditioning and VAT. This measures 107.11msq inc. terrace.

Parking garage €30,800 inc. VAT Covered Parking €18,100 inc. VAT


The village apartments have the added benefit of being sold fully furnished. Those of you who have already looked at the Italian property market will have noticed that this is rather unusual. Normally Italian property is not only sold unfurnished, but in some cases the kitchen, not included and some properties are even sold as shell units. All apartments will be fitted with air-conditioning. Padenghe 5-star village certainly takes the pain out of purchasing a property on Lake Garda. The resort has been designed for both residential and holiday homes. This offers purchasers an opportunity to purchase a property that they may wish to retire to. It also has the added benefit of a certain year round occupancy.
The apartments have been designed in typical Italian style and as most of dinning and indeed living, are outdoors, the terraces and balconies tend to be quite large. Provisions have been made for an outdoor Jacuzzi; this can be installed for either 4 or 6 person, at an extra cost of €14,000.

THE FACILITIES

Large communal out door swimming Pools
Covered swimming pool
Tennis Courts
Landscaped Gardens
On site parking

BUYING PROCESS
€5,000 reservation fee, 30% deposit upon signing contracts, balance on completion.





THE HOTEL

The village will benefit from an onsite 5 star Hotel. The Hotel will consist of 24 luxury suites, offering a high standard of accommo

Bedrooms: Bathrooms: Price (€):
1 1 226,000
Features:
Submission Date:
06-11-2007
Last Update:
06-28-2007
Advertiser Details:


Name:
Liz Maher

Company:
Imagine Property Network

Phone:
1850 200 780 or 091 730104
Fax:

Mobile:

 
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Calculators

 
Property price: €226,000
 

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