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Key selling points
- 6% Guaranteed Rental for 5 years renewable
- This is an opportunity to buy an off]plan freehold 2]bed investment apartment at Siderno, Calabria.
- These are high specification apartments that are individually air conditioned.
- They are located in the town of Siderno, a popular area for the Italian holiday season of July and August.
- These apartments have been pre]rented to holiday makers after completion and there is an optional
rental guarantee of 6% per annum for five years renewable annually. - 2 Months Personal Usage with rental guarantee scheme.
- Spacious apartments
- 30% down payment.
- No capital gains tax after five years.
- 80% Mortgages available (Subject to Status)
- Build time is a maximum of 18 months starting June 2008.
- Re]Sale Service available for investors looking to sell before completion.
- Fully managed after sales and rental management company in place.
- Free Blue Diamond Membership with every apartment.
Calabria Overview South of Naples and situated at the ‘toe' of Italy, Calabria is a region in south]western Italy. It is bounded to the north by the region of Basilicata, to the south]west by the Region of Sicily, to the west by the Tyrrhenian Sea, and to the east by the lonian sea. The Calabrian region of Italy has remained almost undiscovered to foreigners until only recently. For many years Calabria was a well kept secret known only to the other Northern Italians who flocked there in their masses for the summer period, relatively inaccessible to all other countries. Calabria has a young property market and, even though the prices have risen healthily in the last, year the price of property is still very low compared to Italy's other regions and most other European destinations. The local and regional authorities have recognized Calabria's tourism potential and are actively encouraging tourism growth and investment in the region. Italy's government is pledging 100 billion euros]worth of national and EU investment to the south coast including Calabria as part of a 2007 - 2013 cohesion plan. In effect this means that every effort will be made to ensure that the relatively poorer South of Italy will have access to the same facilities readily available in the North. There are strict controls to make sure that the area will not be spoilt by the injection of funds but will rather be more ‘user friendly' and more accessible to the rest of the world. With such an abundance of un]spoilt beauty Calabria won't remain this cheap for long. The Italian prestige, coupled with property prices akin to Bulgaria or Turkey ensure that property prices are likely to rise. Siderno Plaza is a holiday resort complex of one and two bedroom apartments. This small, low]level, low density boutique style development is built in a slightly elevated position only minutes away from the beach and minutes away from the local bars and restaurants of Siderno. It offers unparalleled mountain views and is sited to take full advantage of the sun's rays from dawn till dusk. Siderno Plaza consists of only 80 apartments clustered around the large central swimming pool in lush garden surroundings. The properties are stylish, spacious and comfortable designed with all the modern amenities and conveniences expected by discerning purchasers. The resort benefits from: - 24 Hour Gated Security.
- Private Swimming Pool.
- Underground Gym.
- SPA Treatments.
- 5 Minutes to the beach.
- Lush green landscaped gardens.
- 5 Minutes to the town, shops and restaurants.
- 50 Minutes from the airport.
- On site rental management company.
- Airport Shuttle Service.
- Air Conditioned.
- Wet room bathrooms.
- Blue Diamond Club Membership.
- Fully furnished.
All properties are sold in Euros. Stage One - Reservation Fee €3,000 Stage Two - 30% Payable 30 Days after reservation. Stage Three - 20% Payable on construction commencement. Stage Three - 50% Payable on completion. (80% Finance available subject to status) All monies are held in Escrow and have a full Bank Guarantee 80% LTV FINANCE If you require finance to purchase your overseas property, then our overseas mortgage brokers could assist. Using the Italian property - which includes Sardinia ] as security a Repayment mortgage could be raised, depending on individual requirements UK and Non]UK applicants can borrow up to 80% of the valuation or the purchase price of the property (whichever is lower) in Euros only, for both purchases and re]mortgages for Home Improvements. Mortgages for other purposes are dealt with on a case]by]case basis. For all schemes there is a minimum loan of € 50,000, no maximum. The term of the loan is up to 40 years in Euros available up to age 80. Most schemes are based on EURIBOR rates, which can fluctuate on a daily basis; therefore more than one example of the approximate monthly payment is given below. Current interest rates are from 1.00% above 3 month EURIBOR. Fixed Rate loans at higher rates are also available. You will find below an example of a loan to assist you, based on a Repayment Mortgage in Euros, to this must be added the cost of a Mortgage Protection Policy, dependent upon age. Commercial loans are also possible. Written quotations available upon request. EXAMPLE: Repayment mortgage of approx € 70,000 over a period of 25 years: At 5.15% ] approx €420.00 per month At 5.40% ] approx €431.00 per month At 5.65% ] approx €442.00 per month The income criteria is variable Bank Reference and Employers or Accountants reference if self]employed Existing borrowing in the UK and Overseas will be taken into account ALL ENQUIRIES WILL BE DEALT WITH ON A CASE BY CASE BASIS & ARE SUBJECT TO SATISFACTORY CREDIT STATUS THIS IS A FANTASTIC PRE-RELEASE OPPORTUNITY FOR BOTH THE SERIOUS INVESTOR AND LIFESTYLE CLIENT. PLEASE CONTACT US AS SOON AS POSSIBLE TO RESERVE A UNIT, ORGANISE AN INSPECTION VISIT OR REQUEST A FULL BROCHURE AND FINANCIAL ILLUSTRATION.
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