ALBUFEIRA - BALAIA - 4 STAR APARTHOTEL - 1 BEDROOM APARTMENTS - ONLY £1.950 INVESTMENT REQUIRED

Ref: BALATL

Mortgage paid for first 3 years*
Year 4 onwards 6% net return on loan for duration of ownership
Cash income from year 1*
All closing costs paid plus furniture pack including all appliances
58k instant equity (20% on Bank Valuation)
100k plus equity after 10 years*
2 weeks free accommodation per year

*based on current interest rates and no capital increase

Fully operational 4* apart-hotel in Albufeira which opened in 2006. Albufeira is the capital of Portuguese tourism receiving a considerable percentage of the 5 million tourists who visit the Algarve annually.

Facilities include - Restaurant/Bar, Swimming Pools, Jacuzzi/Sauna, Heath Club/Gym, Mini Golf, Childrens Playground, Tennis Court, Garage Access, Amphitheatre and Multi-function track. Apartments have sea views, air conditioning, balconies, electric oven/hob, in-built microwave oven

Cash Flow Illustration
This is a illustration of a typical T1 one bedroom unit, assuming a typical 25 year mortgage @ 2.717%, with years 1-3 being interest only. The deal structure is such that the developer has agreed to cover year 1-3 interest only mortgage paid monthly in advance at the prevailing euribor rate. From year 4 onwards at a maximum of 6% net of the loan amount

We have negotiated a volume discount on this development to ensure:

The Deal Structure: £1,500.00 Commitment Fee
Plus £450.00 Administration Fee
Total £1,950.00 required to purchase an apartment

20% assisted deposit
3 years interest only mortgage paid* (capped at 5%)
All closing costs paid, which equate to 9%

Total Saving 42%
Deposit - 20% €58,000 - PAID
Closing costs €20,504 - PAID
3 years interest only mortgage €18,910 @ rate of 2.717% - PAID
Year 4 onwards net 6% N/A
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€97,414 - PAID
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On a €290,000 apartment

FOR MORE INFORMATION OR TO RESERVE YOUR APARTMENT CLICK HERE

PRICES -

1 Bedroom Apartments in Aparthotel - From 290.000 €