| Ref No. BB10194 > Halcyon Hills, Samos, Greece. Overseas Property Investment |
Price: £
£43,000
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| Property Type: | Villa |
| Category: | |
| Location: | Beach |
| Status: | AVAILABLE |
| Bedrooms: | 2 |
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1/12 Fractional Ownership of a luxury Two Bedroom Villa at Halcyon Hills, Samos, Greece. With only a £14,190 initial investment you can invest in an exciting new opportunity where the developer guarantees to buy back the property or share of property at 150% of the purchase price! Finance available subject to terms and conditions. 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.
Fractional Ownership purchase procedure
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33% (£14,190) Deposit – 5% cash back paid ,
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34% (£14,620) due on foundations or 12 months (whichever is the later) -5% cash back paid
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33% due on completion. Customers can take advantage of our guaranteed non status finance.
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Furniture costs are included in the price!
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Closing costs are included in the price!
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2 year rental guarantee from completion of 8% per annum
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50/50 rental split thereafter.
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Maintenance costs are 25 Euros per square meter
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150% Guaranteed Buy Back five years after completion!!
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Option to use as a holiday home for 4 weeks a year
Halcyon Hills is a 5 star Spa and Marina resort in the off plan stages of development. Once completed, it will become one of the key hotel resorts in Greece and will target the luxury tourist sector which includes resorts such as The Porto Elounda and Blue Palace.
Features of the resort will include a world class spa, marina, tennis courts, gymnasium and a number of bars and restaurants - including a signature fine dining restaurant. Located on the South East coast of Samos in Greece, offering studio apartments to 3 bed premier villas for sale, this resort has a number of unique qualities making this a truly superb investment.
Why Halcyon Hills?
- Developer guarantees to buy properties back at 150% of the original purchase price
- 8% Guaranteed rental return for the first two years of operation
- 50/50 profit share with hotel operator thereafter
- Luxury property from just £185,000 Reserve now, pay nothing until 2012
- Anticipated capital appreciation of £185,000 by completion
- Fractional ownership available from just £11,000 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
Greece is the 3rd most popular tourist destination amongst British holiday makers. In 2007, 17.5 million tourists visited Greece (2.6 million tourists were British) this figure is increasing year on year and set to reach 20 million by 2010. Being only 3.5 hours flight time from the UK, Greece is sure to remain a popular choice now long haul destinations are becoming more and more expensive to access. Greece sits in the top 15 most popular tourist destinations in the world today. There has been significant regeneration investment carried out by the Government for the 2004 Olympics, and this boosted tourism figures, but further to this the Greek government currently has an initiative to increase tourism by over 50% by 2013. The Government are investing £650 million to increase tourist numbers focusing on 4 and 5 star accommodations. They are doing this by easing planning laws and making ownership easier for foreign buyers. The tax system has also been simplified with fewer taxes for investors. In the past, developers could only build on 2-5% of a plot of land - Under the new initiative they can now build on 20% of the space (it’s up to 80% in Spain!) as long as it is based around a hotel of 4-5 stars. The EU will also providing developers of 4 and 5 star tourist projects subsidy money towards the build costs up to a staggering 46%!
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.
FINANCE OPTION FOR FULL PURCHASE
We offer a unique finance package giving you the opportunity to invest now and pay nothing out of your household cash flow until completion. In some instances you will earn money from the day you pay your deposit to us!!
This is due to offering a 5% cash-back (paid monthly) on your deposit payments and we offer a guaranteed mortgage on completion. Shrewd investors have always preferred to use other people’s money as ‘gearing’ against an investment and our cash back offer provides a way to do this, which will increase your potential profits and do so in a stress free environment.
FINANCE OPTION FOR FULL PURCHASE -One Bedroom Kampana example:
To purchase a One Bedroom Kampana is £265,000 and the 50% deposit is £132,500 (paid in 2 instalments of 30% on contracts and 20% at foundations - min 12 months later. As you hand over your deposit, we offer to pay interest on cash or borrowing of 5% per annum up until the resort is completed, or for 3 years!! (Whichever happens sooner) We will pay 3 months interest instalments up front and then monthly thereafter. These instalments do not have to be re paid to us on completion, or ever for that matter! If you obtain borrowing for the 50% deposit on an interest only basis, we will cover the interest payments up to a maximum of 5% and therefore your loan should not affect your cash flow whilst it is being built.
This makes purchasing a property in Halcyon Hills not only affordable, but a great way to profit from the property’s capital growth without ‘forking out’ for interest repayments from your household income or without missing out on your savings interest earnings - In fact, in most cases we will pay you more than the bank’s savings interest rate anyway!!
For example - The interest payments of 5% on the loan would come to approx £550 per month. Paid: 3 months in advance into your bank account and monthly thereafter
Please note: This is NOT accrued or repaid to us on completion. If you are worried about paying your mortgage after completion, we are also guaranteeing you 8% of the purchase price for a period of 2 years from when the resort opens. This is a staggering £21,200 per annum on a one bedroom Kampana and a total of £42,400 for the 2 year period. You therefore have up to 5 years guaranteed income on your property from the moment the deposit is paid ON COMPLETION Once the property is built you would then look at applying for a Greek mortgage to pay your 50% completion payment. Based on our comparable resorts, we anticipate the price of the one bedroom Kampana to be £447,354 on completion. There are currently 70% LTV mortgages available, and based on that product, would allow you a mortgage of up to £313,148 using the equity now available in that property.
There is also a back up developer mortgage for the outstanding balance in place should you for any reason you do not qualify for the Greek mortgage, this provides total peace of mind.
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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