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CORALLO APARTMENTS

Location:
Molise - Italy

Property Reference:
PA53-AzuCoralloApts

Price:
£94,302

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Property Details

Investor benefits
Building about to be completed, so no investment risk of an off-plan project
The price is discounted to the market by over 30% - delivering excellent capital gain over the short or long-term
Strong rental income stream from 5% to 9% pa of net price (or 7.8% pa of price plus costs) - potential 15%pa if mortgaged
80% mortgages available from Barclays, 'repayment' or 'interest only', currently only 3%pa variable, term up to 35 years
Secure finance - sale conducted through our italian lawyer based in London - so all money goes through them

We are pleased to introduce the Corallo Apartments to investors seeking a healthy and secure property investment delivering both immediate and long-term capital gain plus a high rental income. The Corallo Apartments are in Campomarino, an established resort on the Adriatic coast of Italy.

The 2-bedroom apartments have been built to a very high standard and will be completed by the end of June 2009. They are available for immediate purchase and are currently priced significantly below market levels to deliver an exceptional return on investment.

The resort is extremely popular with Italian families holidaying there in the summer months. This demand ensures high rental yields during the high summer season and now the rental market has expanded into the autumn-spring period, with income almost doubling for many apartment owners.

Location

Campomarino

Situated just 3 kms outside the ancient harbour town of Termoli, Campomarino is a very popular summer resort for Italians from surrounding areas. It is only an hour’s drive from Pescara airport and about 3 hours from Rome.

Apartment

The apartments are in two buildings of 3 stories, situated about 300metres from the beach and even nearer to the local restaurants and bars.

All apartments have

2-bedrooms, lounge with kitchen area, bathroom and balcony
Air Conditioning
High quality kitchen furniture and fittings
High quality bathroom suite and fittings
Large balconies
Double-glazed windows and doors
Ceramic tiles on all floors
Shutters on all windows and balcony doors
Telephone and internet connections
TV points in all rooms
Sprinkler/alarm system
High security front door

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Please Note:
All property information is submitted to this website by Azure Overseas acting as agent for the developer or sub-agent in some cases as well as private sellers and is true at the time of submission.

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