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PROPERTY REF: A39/LIG/MIL

Off plan investment apartments in Chania, Crete

Description

A new development of 1 & 2 bedroom luxury apartments with communal swimming pools in Chania, Crete. They enjoy stunning views of Almyros Bay, several sandy beaches and the coastline to Rethymno and beyond.

The development is divided into 3 groups - each on its own plot and containing 6 properties with a large shared pool.

These properties are specially designed for investors as they come with EOT licence for holiday let, fully furnished and with a very attractive financial package:
20% deposit and 80% mortgage
9% minimum cash back 6 months
   after completion

1 year grace on mortgage
   payments

Guaranteed rental for 5 years.

Accommodation

There are 1 and 2 bedroom apartments available, either on single or double storey units. Each group of 6 shares a communal pool and gardens. First floor apartments have external staircase.

The apartments are designed to provide easy outdoor living and ambient comfort internally.

Features

• Cavity walls for year round insulation
• Silicone based external paint against limescale and corrosion
• Integrated white goods
• Wide selection of kitchen units and bedroom wardrobes
• Choice of bathroom and floor tiles throughout the apartment
• Non-slip tiled terraces and stairs
• Double glazed solid wood windows and shutters
• Wooden pergolas where applicable
• Electric immersion and solar water heating
• Points ready for air-conditioning, telephone and satellite TV
• Landscaped communal areas
• 60 m2 communal pools.

Prices - 1 bedroom apartments
50-55 m2
138,300-161,400 euro

Prices - 2 bedroom apartments
60-67 m2
166,500-192,300 euro

Prices include:
• EOT licence
• Furniture pack
• VAT
(that has replaced transfer tax)
Share of freehold

Click here for EURO CONVERTER
and up to date exchange rates

Location
5 min drive to nearest village
35 min drive to Chania town
45 min drive to Chania airport
15 min drive to Georgioupolis beach

location of property on the map

 

Off plan investment apartments in Chania, Crete
1 & 2 bedroom luxury apartments in Chania, Crete
Each group pf 6 shares a swimming pool
high specifications and finish
choice of ground or first floor apartment
master plan of the complex
Full info pack available - please enquire.
No commission to buyers.

Payment Plan
1500 euro reservation deposit +
1500 euro administration fee
20% deposit (minus reservation deposit)
80% mortgage taken out 2-3 months
before delivery

Cash-back
9% approx. of purchase price, 6 months
after delivery

Guaranteed rental
5% for years 1 and 2
6% variable in year 3
7% variable in years 4 and 5
Owners can use their property for 4 weeks each year during the 5 year period.

 

Editors comment

An excellent investment opportunity with small capital outlay: buyers need only fund the 20% deposit, the administration fee and their solicitor & notary costs (allow 5% on the pre-VAT price). Mortgage repayments start after a year and are then funded by the cashback from the developer and the guaranteed rental.

Even during the 5 year tied-in rental period, buyers can enjoy their properties for 2 weeks in the summer and 2 weeks in winter, during each year.

The developer is an established company, one of the largest in Crete, and they have an excellent track record.

All and all, a very sound investment in a popular area of Crete where demand for holiday lets is currently higher than supply.

   
   
       

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