Investment Property in Italy
Bellavista apts, Puglia
San Pietro in Bevagna is situated on the Ionion coast just off the main road between Taranto and Gallipoli and south of Manduria, 1 hour from Brindisi Airport. The town is small and still undeveloped, popular with Italian holidaymakers, the local amenities include restaurants, bars, supermarkets, banks, and seaside related activities.
Summary
Pricing: £80,000 - £92,000
Bedrooms: 2
Development Type: Apartment
Listing Type: Sale
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- 2 bedrooms, 60sq.metres plus patio or roof terraces of 30sq.metres
- Situated in a small undeveloped seaside village just 200m from a superb sandy beach
- Phase 1 completion due Sept 2007. Phase 2 anticipated June/July 2008
- Prices from 112,000 euros
- Personal Service
- English speaking representatives on site to assist
- Inspection trips
- Finance available 80% LTV*
The Development
- This is NOT an RTA, it is residential freehold.
- The development is being built in 2 phases.
- Phase 1: work in progress and due for completion September/October 2007.
- Phase 2: building to commence September/October 2007 and due for completion June/July 2008.
Phase 1 consists of 32 units, 2 blocks facing each other of 16 apartments, 8 on each floor built in a row, each unit having independent front and back access. All units have a living space of 60m sq, a terrace of 30m sq, and an independent small garden with parking. They have 2 bedrooms, bathroom and living room with kitchen corner. The top floor units also have a roof terrace, all of which have sea views -- great for those evening barbeques.
Ground floor EUR 112,000: Only 2 apartments available
1st floor EUR 122,000: 7 apartments available.
Phase 2 consists of 24 apartments. They will be built to the same specification as Phase 1. There will be 12 ground and 12 1st floor apartments, built in a row.
Ground floor EUR 118,000
1st floor EUR 128,000
The apartments are being built one block back from the sea road, approximately 250 metres from the beaches. All houses in the area are maximum 2 floors and Puglia in general will not allow high rise buildings.
The layout of the development is like a U, the 2 sides being phase 1 and the bottom of the U being phase 2, the opening of the U faces towards the sea, each block is independent and there is approx 25m between the 2 blocks of phase 1.
Payment Schedules and Completion Dates.
Phase 1. Is due to be completed by the end of September 2007. Hence the required deposit for the remaining available apartments is 50% of the total selling price. Balance on completion.
Phase 2. Commences in September/October 2007 and the completion date is anticipated to be June/July 2008. Deposit is 35% of the total cost and the 65% balance on completion.
Bank guarantees are in place for deposits paid.
Features
- Mortgage Available
- Rental Management Company
Click here to enquire about this property >
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