Polemi Vines, Cyprus

Off plan investment offer

Deposit required 30%
Alpha Bank Mortgage 70% LTV
Loan duration, 40 years or until client age of 70 yrs.
CHF (Swiss francs) available on a first come first served basis @ 4.41%


30% CLIENT CONTRIBUTION
2000 Euro reservation – non refundable
20% (less reservation) 30 days from contract
10% either 6months from contract interest free
Or 4 interest free instalments until completion
Or 12 months from contract plus 7% interest.


70% ALPHA BANK MORTGAGE
2yrs or until completion, grace period (payment holiday) Interest and capital capitalized.
Followed by:
3yrs interest only payment on 65% of the loan value. This means that the other 35% interest is capitalized, along with all of the capital repayments for this period, reducing the loan repayments considerably.
Followed by:
5yrs capital and interest (normal repayment)
Followed by:
Final term - capital and interest, plus all capitalized payments.

The 65% interest only option is excellent for investors as it will mean that for the 3 year guaranteed rental period at Polemi Vines we will pay you 6% per annum of 100% of the cost price, and the bank will only charge you 4.41% of 65% of the 70% loan which equates to only 45.5% of the cost price.


Example
Cost price €200,000
Deposit 30% € 60,000
Loan €140,000


Expenses
24 months No payments
36 months 65% interest only = €140,000 X 65%
€91,000 @ 4.41% (current CHF loan rate)
€ 4,013 interest per annum
Income
24 months No income

36 months guaranteed rental income @ 6% of cost price per annum
€200,000 x 6%
€12,000 per annum


Additional benefits
All rental costs paid i.e communal charge, electricity, change over’s, advertising etc.
Excluding building and content insurance approx €500 per annum and local authority tax’s approx €170 per annum


Annual income summary

Income €12,000
Expenses € 4,013 + €500 + €170 = €4,683
Balance €7,313



ADDITIONAL KEY BENEFITS
Reduced Legal fees
Six weeks owners use per annum.

Turn Key comprehensive premium property equipment package for rental –optional, prepaid and financed.
Pafilia has selected the site of Polemi Vines and is confident in its high rental potential
Pafilia has many years of experience in rental management
Pafilia has been creating successful property investments for its clients for 4 decades
Pafilia is a market leader, a visionary and pioneering company


To arrange a low cost viewing trip to see this and many other Pafilia developments, or to request additional information and brochures, please contact;

Andrew Wakefield

Tel 07708473852
Andrew@vantageinvestmentproperty.co.uk