2 Bed Property for sale in Dominican Republic

TWO RIVERS Beach Resort is positioned in the north of the island about 15 minutes from the international airport in Puerto Plata. An important consideration is that this part of the island is Hurricane free.


We are building an exclusive HOTEL RESORT development consisting of studios, one and two bedroom apartments and two to six bedroom villas.
PRE-LAUNCH PRICES!
Features will include:-
2 YEAR RENT GUARANTEE at 10%pa
50/50 ROOM RATE SHARE
30 DAYS OWN FREE USE
NO CAPITAL GAINS TAX
100% FINANCE (terms and conditions apply)
5* HOTEL RESORT
All fully furnished with flat screen T.

V.
Beach restaurant and bar
Private swimming pool and spa, etc.


THESE INCREDIBLE PRICES START FROM JUST:
Bali Villas
2 bed/2 bath £295,000
3 bed/3 bath £325,000
4 bed/4 bath £465,000
Penang Villas
3 bed/3 bath £495,000
4 bed/4 bath £595,000
Luxury Villas
4 bed/4 bath £695,000
5 bed/5 bath £795,000
6 bed/6 bath £895,000
CARIBBEAN 100% FINANCE SCHEME
** Only £1,000 required until completion**
Guaranteed mortgage upon completion**
This is an excellent opportunity to invest in a brand new property with only £1,000 required. See the example process below:
· £1,000 non-refundable reservation fee required for reservation of a specific property.


· 30% deposit required (less £1,000) within 45 days of reservation. Should you choose to borrow the 30% deposit, the developer will pay the loan repayments, including interest, for the 30% deposit until completion of the specific unit you have reserved.

These payments will then be added to the purchase price upon completion.
· Example: Property price £200,000.

£1,000 reservation fee paid. The deposit = £200,000 x 30% = £60,000 - £1,000 (reservation fee) = £59,000
· Interest on £59,000 @ 6%pa = £295 per month, paid for 24 months by the developer = £7,080 added to the purchase price upon completion.


Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the £200,000 purchase price will have grown to a property value at completion of circa £325,000.
At this point a 70% loan to value guaranteed mortgage is available and therefore you will be able to borrow up to £227,500.

This is clearly ample to pay for the £199,000 (purchase price less £1,000 reservation fee) that you owe as well as the accrued interest of £7,080 (from the above example).
Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £227,500 on which the annual interest payment would be £18,200 based on a rate of 8%.

The rental guarantee of 10% of your purchase price of £200,000 will generate you an income of £20,000 per year, should cover your mortgage payments.
If you wish you could retain the £59,000 loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in a further investment property purchase.


We would be delighted to answer any further questions you have regarding the exciting opportunity as well as helping you to make your reservation in the Caribbean.
· Subject to status and conditions apply - please contact us for further information
· If cases where we are unable to obtain finance for you, we will be prepared to refund the £1,000 reservation fee
CONTACT US FOR FULL DETAILS