Stunning contemporary holiday apartments now released for sale. Ideal investment/holiday home in North Devon.
• Brand new 2 bed apartment – finished to a high specification including under floor heating, lift to all floors and individual balconies to all apartments
• Prime 3 acre site on the North Devon Coast – moments from the beach and town centre.
• Completed development will include large indoor leisure pool and bar/restaurant
• All apartments have full 10 year NHBC warranty
• Apartments available for £189,950 £1200 reservation fee £8,800 furniture pack
• Construction will begin in early 2012 and finish in July 2012.
• Apartments will be sold off-plan with the following payment schedule:
• Purchase price £189,950
• Furniture pack £8,800
• Reservation Fee £1200
• Legal fee £500 to use our nominated solicitor
• 10% at exchange (£18,995) – this will be bonded and guaranteed by NHBC warranty.
• 20% at once floor slab is completed (£37,990)
• On completion – furniture pack is payable (£8,800) with 70% balance (£132,960) offered on non-status finance over 25 years.
o Finance on the following basis:
o 1% arrangement fee (can be added to the balance)
o 1% redemption fee
o Rate 4.99% straight repayment over 25 years = annual repayments of £9318.36
o Guaranteed rental income of 5% pa over 25 years = £9497.50 pa.
• On completion buyers enter into 10 year leaseback agreement with us. We in turn have a 10 year sales and marketing contract with Hoseasons to promote the resort from which we can guarantee the investors 5% pa return.
• If investors wants to sell at any point we will offer to buy the apartment at current market value.
• There are no on-going costs for the investor all service charge, repairs, maintenance, insurance, operating costs, agents costs are paid for by the operator.
• The project is ideally suited to overseas or UK investors who want a completely hands-off property investment – safe in the knowledge that the equity in the property in increasing year on year as the guaranteed income reduces the non-status finance element.
• Genuine non-status finance – no credit checks will be conducted on buyers. Only checks will be ID, address verification and anti-money laundering checks undertaken by solicitors
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