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Fantastic Investment - £3620 reservation - € 38k profit straightaway [ SOLD ]

 Region: Teresafanou

 Price: EUR € 150 000

 Bedrooms: 1

 Property Type: Apartment

 Development State: Off Plan

 
Description:
Med View Heights in Tersefanou nr Larnaca is a spectacular new development consisting of 1, 2 and 3 bedroom apartments built to a high specification, with breathtaking mountain and distant sea views.

Investors will be invited to secure an 'option to purchase' on these substantially discounted properties at pre-release prices. Only 5 properties will be allowed to be sold at these prices so swift action is required.

In summary...

1. £3,620 reservation fee secures option to purchase.
2. Nothing further to pay until Feb 2008, at which point 5% less £3620 already paid.
3. 5% gifted deposit by the Developer to the purchaser.
4. Once we have sold these properties a 17% increase will be implemented.
5. Completion not until May 2011.
6. 10% to be paid in 5 lots of 2% during the 3 year build programme.
7. Contract is assignable.
8. 1st Class Developer with top quality interior design.
9. Final Prices TBA - Size of units to be confirmed.
10. Planning consent due end of Jan 2008.
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