Property Details
- Property: Flat (In Development)
- Bedrooms: 1
- Bathrooms: 1
- Receptions: N/A
Vila Iulia-Costinesti/Black Sea Resort
See side resort in one of Romania’s property hotspots. Initial development stages provide an ideal opportunity for capital gain and rental income. Location and facilities make for easy sale locally,providing an ideal exit strategy for investors.
Features
Why invest in the Romanian Black Sea Resorts?
• Very early stages of development compared with the Bulgarian Holiday Resorts Market;
• Existing local rental demand (Romanian has 23 million people and only 244km long coast);
• Major investments in the infrastructure (Romania will receive €30billion EU funding between 2007-2012).
• Low cost carriers flights are available from major UK airports to Constanta (Ryanair, Malev).
• High Potential for Spa tourism (ex: Techirghiol famous therapeutic mud)
Why invest in Vila Iulia-Costinesti?
• Studio flats ONLY 30000 euros
• GUARANTEED RENTAL INCOME
• Brilliantly located nearby the golden sanded beach
• Good access transport links: Constanta international airport (only 16 miles), train station and local buses.
• Large investments in the area: Golf courses (Forum - The French Golf Area and Epava - The English Golf Area); Sports entertainment facilities
• The Costinesti local Council recently announced a development programme financed by the EU to add a tourist harbour for small yachts and sea boats, infrastructure facilities and a beautiful promenade.
Facilities:
• Air conditioning
• Parking
• All the apartments will have sea view (except ground floor)
• Private swimming pool
• Large glass windows and own balcony
• Reception, mini bar
Vila Iulia is being developed by a partnership of Romanian companies, including a prestigious bank, all of them with a good track records and extensive local market experience. The developer is selling the project directly to clients with no middleman involved. This is an incredible investment, with a finance plan designed for high capital gain.
Payment plan:
• 50% -Initial payment - as soon as you sign
• 50% -Completion (mortgage) – May 2009
(for investment other payment plans are available, contact us for more information)
RENTAL INCOME:
GUARANTEED RENTAL YIELD 6.67%
We offer you the opportunity to rent the flat on your behalf at a guaranteed rent of EUR 2000 per year during the 15th of April - 15th of September of each year for the next 3 years. This will give you a Guaranteed Rental Yield of 6.67%/year.
During this period, if you want to enjoy the lovely Romanian Sea side and get a good tan, you could do so for 1 week assuming you give us an early notice.
The remaining 7 months are for you to use if you chose to.
Summarising the guaranteed deal:
- The flat price= EUR 30,000 (VAT included)
- Guaranteed rent = EUR 2,000 per year (for 5 summer months)
- 1 "tanning week" whenever at your choice during the 5 months
Q&A
Q1) Can we offer a rental or furnishing service?
A: Yes! Guaranteed rental scheme, and limited offer regarding furnishing service
Q2) What is the rental season in Romania?
A: It starts in May and end in September with June, July and August as top months.
Q4) Where can you meet us?
A: You can either meet our knowledgeable team based in our London office or meet our colleagues in Romania. We also organise subsidised inspections trips to Romania for our clients. Contact us for more details.
Key selling points / Investment justifications
Price ONLY 30000 euros
Guaranteed Rental Income
Offices: London, Bucharest, Brasov
Deal directly with the developer
Local market information at NO extra cost
Financing available
Why Pay More for your Property?
Speak to our currency broker on 0845 3037790 to lock in the most favourable exchange rate or
click here to request a call back.
