23 September 2009

Cyprus Investment Proposal

The Properties are offered for sale under the following terms:

Client Deposit: 10% of the agreed contract price instead of the usual 20% deposit required

10% Discount/Gifted Deposit: The second 10% deposit will be funded by the Developers as a discount

Remaining Payments: As per agreed contractual payment terms to be funded through a local mortgage at Alpha bank with the loan to be secured in Swiss Franc Currency, currently at 4.4% for 80%of the property purchase price

Guaranteed Rental Income: the Developer will offer a guaranteed rental income of 5% per annum on the discounted purchase price for a period of two years after the delivery of the property to the client. The guaranteed income will be paid monthly starting from the delivery of the property.

Six Weeks Personal Use: each year of the two years rental guarantee period, the client will be entitled to six weeks free use of the property, 2 weeks in low season, 2 weeks in mid season and 2 weeks in high season

The proposal also includes the following savings:

  • Legal fees related to the purchase of the property - FREE OF CHARGE
  • Stamp Duty for the contract of sale - FREE OF CHARGE
  • Set up fees on delivery - FREE OF CHARGE
  • Mortgage fees & Loan set up fees - FREE OF CHARGE

Ongoing property ownership related costs for the duration of the guaranteed rental income period including:

  • Communal Charges - FREE OF CHARGE
  • Property Insurance - FREE OF CHARGE
  • Water, electricity, sewage - FREE OF CHARGE
  • Municipal Charges - FREE OF CHARGE

Full property equipment for rental including*:

  • Furniture - FREE OF CHARGE
  • Kitchen appliances - FREE OF CHARGE
  • Crockery - FREE OF CHARGE
  • Linens and towels - FREE OF CHARGE
  • Decoration items - FREE OF CHARGE
  • Curtains - FREE OF CHARGE
  • Air Conditioning Units - FREE OF CHARGE

* The developer has instructed its interior designs department to design packages for the properties. Their aim is to create a modern design packages with a “boutique hotel” flair which will maximise the rental potential of these properties

Summary

A rare opportunity to invest in a unique luxury residential development:

  • Prime residential location
  • Prime rental location
  • Unique development with unsurpassed facilities and services
  • Fully equipped properties at no additional cost
  • Low cost mortgage at 80% LTV - Bank fees and mortgage fees included at no additional cost
  • 6 weeks personal use at no additional cost
  • All closing costs included
  • Legal fees included at no extra cost
  • ongoing cost of ownership for the duration of the offer included at no additional cost
  • 10% developer discount
  • 10% deposit only

Invest €23,000 only and receive €83,990 in savings and income.Further gains expected from capital appreciation

Investment Calculator

Sample 2 Bed Unit Price €230,000
10% Client Deposit €23,000
Savings
10% developer discount €23,000
Free Equipment €20,000
Free legal fees €3,450
Free bank & mortgage Fees €9,600
Free 6 weeks personal use €5,520
Free ownership costs 2 years est €2,300
Total Savings €60,990
Income
5% Rental Income - 2 years €23,000
Grand Total Savings & Income est. €83,990

For full details of this development and to register your interest,please click the link: Garden Residences