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Key selling points
- 192 % expected ROI
- 21 % under market value
- Money back guarantee
- Finance guarantee
- 2 year rental guarantee
- Local exit strategy
The site comprises:
- 4x4-bed, 2-bath detached houses
- 10x4-bed, 2-bath semi-detached houses
- 58x3-bed, 2-bath townhouses
Central 22 is set in landscaped grounds overlooking a huge manmade lake, and units will include allocated parking and private back gardens. The area serves as prime commuter territory for city centre workers.
Central 22 is an off-plan opportunity with completion scheduled for May 2011.
Key Financial Indicators:
- Client entry costs from £29,975*
- Guaranteed mortgage#
- Guaranteed rental yield for 24 months
- Up to £310,996 profit over 5 years
- Anticipated RoI of 192% over 5 years
Payment structure
1. Choose your unit.
2. Pay the initial deposit:
£29,975 for a townhouse
£31,725 for a semi-detached house
£33,475 for a detached house
3. In May 08, pay a £5,000 infrastructure charge.
4. In November 08, pay a £5,000 infrastructure charge.
Infrastructure charges cover the cost of essential pre-build work including creating roads, providing site security during construction and developing communal facilities.
5. Building of the development will begin in month 24 from the date on which the site was launched. This allows for maximum capital appreciation.
6. Completion of the development is due in month 42.
Why Slovakia?
- 220,000 new apartments are required to meet demand for property
- At current rates of construction this will take an estimated 15-20 years
- Analysts predict +15% house price growth for the next 5 years
- Stable, market-friendly political environment
- Slovakia is currently the fastest-growing economy in Europe
- 2006 GDP growth was 6.6%
- Low interest rates (5%)
- One of the most generous tax regimes in the world
- 19% flat tax rate
- No stamp duty
- No inheritance or gift tax
- No capital gains tax
- 40% of income can be offset to cover rental costs
- Favorable Central European location (extremely close to Vienna, Budapest and Prague)
- Member of the EU, NATO, OECD and WTO
- Adopting the euro in 2009
* plus legal fees of £2 550.00
# mortgage to cover build cost payable upon completion of the development, build cost up to £122, 190.00 (terms and conditions apply)
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