| Ref No. BB1091 > Halcyon Hills, Samos, Greece. Overseas Property Investment |
Price: £
From £176,000
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| Property Type: | Apartment |
| Category: | |
| Location: | Beach |
| Status: | AVAILABLE |
| Bedrooms: | Studio |
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Luxury Apartment Suites at Halcyon Hills, Samos, Greece. As the site is built on a slope, all properties will have stunning sea views over the bay of Klima to Asia Minor. The concept behind the overall construction is to emulate the village tradition of the island. Therefore, the resort is split into hubs which encompass a range of property types. The varying design of the properties is intended to heighten the sense of community living while creating a pleasing and interesting aesthetic. Please call us or register for a free detailed colour brochure.
Ground floor suites £176,000
Top floor Suites £187,000
(Also available 1 bed Kampanas, 1 bed Villas, 2 & 3 bed Superior Villas. Search under Greece for full list.)
The Halcyon Hills Resort has successfully passed the majority of planning stages and full outlined planning permission is expected in a matter of weeks. For this reason, our initial launch prices are substantially lower than the full release price. Of course, your money is perfectly safe, but initial investors are justifiably rewarded for coming on board with the development at such an early stage. It is possible to ‘flip’ properties throughout the lifetime of the construction, ensuring that early investors can take advantage of the full release advertising to achieve a possible early exit strategy. An example of taking advantage of the prerelease offer is given to the right, showing the possible returns which can be achieved when investing in each of the properties. However, when you sell a property, it is the whole value of the property that has increased, not just the 30% deposit and so your profit is basically trebled!
Why Halcyon Hills?
- 8% Guaranteed rental return for the first two years of operation
- Luxury property from just £176,000 Reserve now, pay nothing until 2011
- Anticipated capital appreciation of £185,000 by completion
- Fractional ownership available from just £16,000 total investment
- Purchase prices fixed in GBP for your financial security
- Fully refundable reservation fee for up to 14 days
- 1,200m2 five star luxury spa Facilities include private marina, tennis courts and dive centre
- Just 3.5 hours flight time from the UK
- Beach front location
- Sea views from all properties
- Established local and international resales market
- AIPP Registered company
- Lifetime Aftercare
The 70% guaranteed finance option on completion can now include the 4% purchasing taxes and fees and the furniture package as well to avoid having to find the extra cash on completion.
Facilities
The resort is going to have a stunning array of facilities, of which the ‘pièce de résistance’ will be the 1,200m2 Spa. The Spa, which is being designed by the internationally renowned Spa design company Blue Spa, who designed and operated the exclusive Mayfair Spa in the Radisson Edwardian, Mayfair hotel amongst others. In addition to the Spa, there will be a comprehensive array of other facilities. There will be a selection of bars and restaurants within the resort, coupled with shops, watersport facilities and tennis courts. The bay of Klima already has two restaurants languishing on its water’s edge, which will of course be within easy reach. The tourist resorts of Pythagorio and Psili Ammos are 10km and 2km away respectively. The Capital of Vathy with its eclectic mix of sites of cultural significance, shopping centre, restaurants and a range of lively bars, is only a short 15 minute drive from the resort.
Payment structure
The payment structure for Halcyon Hills is very straightforward.
- £1,000 is payable upon reservation
- 10% of the property price is payable within 30 days of the contract date.
- 20% of the property price is payable within 60 days of the contract date.
- 70% of the property price is payable when the property is completed.
Many investors have funds tied up in property elsewhere. If you decide to release this equity with finance and invest in Halcyon Hills, then the developer will pay your interest payment until completion.* (Subject to terms) So with just a £1000 reservation fee, you can secure a five star luxury property available at under the market value with minimal financial outlay and maximum capital gain. We will be delighted to put you in touch with Mortgage Hunters who can talk you through the options available to you.
* The developer will pay cashback on client UK-sourced finance secured for the first 30%. Cashback payments will be paid from receipt of the first 30% for a maximum of three years or until property completion (whichever is soonest). Halcyon Hills is not responsible for the repayment of any loans or mortgages and your property is at risk if you do not keep up repayments or loans secured upon it. Terms and conditions apply.
The remaining 70% isn’t due until completion; by which time your property has increased in value in-line with the market predictions and market valuations. Your property is now worth substantially more than when you first borrowed on its value. This means, there is now ample equity in your property from which you can mortgage and easily settle your finance. When you come to mortgage your property after completion, the two year guaranteed rental return and anticipated 14% rental return thereafter substantially assist your repayments.
Please call us or register for a free detailed colour brochure.
Property Details http://www.propertywinners.co.uk/
Area Description
Samos island is in the Eastern part of the Aegean Sea. It’s geographically located between the parallels 37.49° and 37.37° to the North and the meridians 26.33° and 27.04° to the East. Samos is less than two miles from the coast of Asia Minor at its closest point. The nearest islands include Ikaria, Chios, Fourni and Patmos. Located on the south coast of the island, Samos International Airport currently handles over 250,000 travellers per annum. This figure is expected to rise by 20% per year. There is an abundance of reasonably priced local car hire firms on the island as well as numerous organised excursions.Not only is there an international airport on the island which receives flights from all over Europe, there are also two ferry terminals. Tourism on the island increased by 21% in 2006 and 40% of all tourism is from Greek Nationals, ensuring a strong local demand. At present, there is one five star resort on the Island: http://www.doryssa-bay.gr. We have commissioned Christie & Co. to produce a feasibility study into five star tourism on the island. The report that was produced strongly indicates that there is a need for further upmarket tourism on the island. Tour operators offering package holidays to Samos include Thomson, Tui, First Choice and Cosmos.
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Disclaimer: Property Winners Ltd does not accept any responsibility for any errors or inaccuracies in the above property or financing information, details of which have been supplied by a third party. You should ensure that either you or your legal representative has suitably checked all relevant information before committing to purchase a property.
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