Investment Details
How to purchase
This development is currently under construction and therefore the developer is offering a payment plan to approved purchasers which is payable in stages reached as follows:
- Stage 1 Foundation stage 1/4 of the purchase price
- Stage 2 Block to roof 1/4 of the purchase price
- Stage 3 Roof, Windows & Doors – 1/4 of the purchase price
- Stage 4 Installation of kitchen & bathroom and interior finishing – Final instalment
If you prefer to pay in one lump sum you can enjoy a discounted price of 5% off the purchase price. Payment is taken in two deposits 1/2 of the purchase price and rest just before completion.
On top of the purchase price purchasers should allow 10% for legal charges – There are no agent fees on this property saving 6%.
Projected Returns
Based on current prices obtained and average 200 days of rental (more is possible if required).
Rental price per night is $175 = $35,000 which gives the buyer approximately 16% return PA. Figures shown are based on mid season trends, high season is significantly higher and you could easily achieve $53,000+
- Costs: Property Management Basic Plan – $200 per month
- Electricity approximate cost $300 per month
- Water $25 per month
- Monthly communal fee to be arranged to cover pool & gardens upkeep but will be in the region of $250
We can summarise from the projection above that if your income is $35,000 and your outgoings is $9,300 your income would be approximately $25,700; A very healthy return on your investment.
Completion of the development is projected by mid 2024.
To find out the prices, reserve one or to speak directly to the developer please complete the contact form.