Financial details
Price Guide
Refurbished apartments are available from
$99,000 USD [circa £50,000 sterling]
Tenure
The tenure of these properties is leasehold. Foreigners may have 99 year leases with no restrictions whatsoever. These leases are renewable and so prove to offer full security to the overseas investor.
Furniture
Your apartment
will be full furnished to the standard on the photographs on this document.
The apartments are all sold as ‘turn key’ – completely,
fitted, furnished and ready to rent.
Rental
You will be guaranteed a 9% net yield for the first two years of ownership. After the two years is up, if you wish, Brocon will seamlessly continue to manage your apartment for just 15% of the gross income. The yield versus your purchase price in two years time should be around 16%, so you should still clear an income of 9% - your actual yield if current trends continue should be circa 12% upwards, increasing year on year.
Payment Schedule
$1000 deposit (fully refundable) followed by a 30
day due diligence period
35% of the purchase price upon signing the Sales and Purchase Agreement
65% balance on delivery and approval of the completed unit, fully fitted
Rental begins on the 1st date of the first month after completion of the unit
If you are interested….
Please let us know if you would like us to take a unit off the market on your behalf. We can hold a unit free of charge for 10 working days. If you decide to proceed, you will then be required to pay a $1000 deposit, which is fully refundable in any event.
To request a reservation form or for more information please call:
Claire on +44 7967 258121
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