Crete Property For Sale - 1 Bedroom Apartment Property

Property Description

Property for sale in Crete, Greece: These one bedroom luxurious apartments are a five minute drive to the hamlet of Kefalas with its shops and tavernas, thirty-five minute drive east to the town of Chania with its historic Old Town and romantic Venetian harbour and also a thirty-five minute drive to the atmospheric town and harbour of Rethymno to the west. The villages of Vamos and Vrises are nearby and the popular holiday village of Georgioupoli with its sandy beach, delightful harbour and host of shops and restaurants is only fifteen minutes away. The superb build quality of these properties and the increasing popularity of this location ensure a secure property investment.

Likotinara Gardens are 24 single storey and two storey properties separated into 4 communal areas. Each communal area will comprise of 6 properties set around their own pool. They have all been designed to provide easy outdoor living and for ambient comfort internally.

A solar water heating system with electric immersion is provided to each apartment as standard as well as double glazed solid wood fittings and there is a comprehensive choice of floor and bathroom tiles. Integrated white goods, including dishwasher, fridge-freezer, washing machine, oven and hob with a wide selection of kitchen units and wardrobes are all included within the price.

A serene retreat from hectic day to day pressures. The Cretan Condos development gives sanctuary to those looking to relax in peaceful surroundings

• Constructed with Cavity walls for comfortable all-year round living.
• Insulative silicone based external paint, against lime scale and corrosion.
• Integrated white goods as standard.
• A wide selection of kitchen units and wardrobes for each bedroom.
• Choice of floor and bathroom tiles throughout the house.
• Non-slip, tiled terraces and stairs.
• Double glazed solid wood windows and shutters.
• Wooden pergolas (where applicable)
• Electric immersion and Solar water heating.
• Points ready for air-conditioning, telephone and satellite TV.
• Communal areas are landscaped and tiled (where appropriate).
• Four 60sq.m communal pools.

LOW PRICES, EXCELLENT CAPITAL GROWTH, 5 YEAR GUARANTEED RENTAL AND NO MORTGAGE PAYMENT FOR A YEAR AFTER COMPLETION!!

The apartments are 1 or 2 bedrooms, and each block has its own pool. Pricing is inclusive of VAT, furniture pack, EOT licence. The developer guarantees rent for 5 years at 3% net for the first year, then 4%, 5%, 6% and 7%. The owner is also allowed to personal use for 4 weeks a year (2 in summer, and 2 in winter).

No need for bank mortgage as the project is fully financed by the developer. At the end of 2009, the clients sign the Final Contract, and take out their mortgage. At this stage the client pays the 5% handling fee to the developer, and the 5% legal and notary fees. With some clients we will be able to package these 2 expenses into the mortgage – however this is at the bank’s discretion.

The property possession is then taken end February 2010. The bank package allows a 1-year grace period, where the client does not need to pay any instalments if he so requires.

For the next 5 years the property is rented out, maintained by the developer, who returns it to the purchaser at the end of this period in an as new condition (developer is responsible to repair all damages, paint, etc except the furniture which is subject to wear and tear).

Prices range from €138,000 - €156,400

If you would more information about our property for sale in Greece, or have any questions about owning or buying a property in Greece then please feel free to contact us.

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