This is a pre-launch opportunity where the developer is currently offering investors the following incentive on a limited number of plots:-
• A minimum of 15% deposit
• Early bird 15% deposit paid by the developers
• Followed by 70% mortgage on completion in 2009 (STS)
• Rental guarantee of between 3, 5 or 10 years (to be confirmed)
• The rental guarantee will be in the region of 5% to 10% net (to be confirmed)
Approximate guide prices are as follows:
- 1 bedroom apartment from €85,000
- 2 bedroom apartment €140,000 to €300,000
- 3 bedroom apartment €190,000 to €350,000
- 3 bedroom villa from €375,000
- 4 bedroom villa from €450,000
- 5 bedroom villa from €495,000
As the development is pre-launch, investors are required to pay a £1,000 fully refundable reservation fee to register their interest and qualify for the above incentives. The reservations fee is fully refundable over the next 2-4 weeks when full property lists, plans and prices will be released. When the plans are available, the properties will be assigned on a first come, first served basis and investors will be able to decide which actual property they wish to purchase. A contract will then be issued and the 15% deposit will become due 30 days after that.
Full details of the development are due to be launched at the end of Aug / early Sept 2007.
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