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Key selling points
- Studio apartments from £42,000!!
- 1 and 2 bed apartments from £60,000!!
- Completes third Quater of 2008
- EXPECTED 15% GROWTH per annum!!!
- NO Capital Gains tax if held for 5 Years!!
We have sourced a very exciting opportunity for Investors to purchase apartments in a developing property market for as little as £42,000!!
I was out in Czech Republic, in Brno to be precise, 2 weeks ago – firstly checking on a deal we have going on there currently and secondly meeting a local team for a second deal. The first deal has been a terrific success already as without even tying any money up yet, investors have seen growth – the developer is not keen to sell any further units until completion when prices will be even higher, but even with 10% on average increase in selling prices, he has seen demand from locals at this time – all boding well for our investors.
I was therefore keen to tie up another deal and had arranged to meet lawyers, the largest letting agency in the Brno district, a developer and a local contact to discuss a deal I have been looking at for weeks. Everything was excellent about this development – already 60% have been sold to the local market – and a year from completion there is already rental demand from blue chip companies. The rental agency prepared an extensive report for me on rental options and our rental market and the yields are coming in around 7-7.5%! So I was happy with all this – but then needed to negotiate on getting kitchens added, and included in the finance costs, and reduced buying costs for all our investors.
Well I am pleased to say this deal is now completely signed off and we are delighted with the deal we have negotiated for our investors – the location is excellent, a huge commercial park is nearby with many blue chip companies and professional employees. Whilst capital growth is predicted to be at 15-20% per annum.
Key Points:
Off plan investment - to complete 3rd Quater of 2008
Average unit price inc parking spcae- £44,000 for a 1 bed apartment (£60,000-£70,000 for 2 bed apartments)
Rental yields (gross, including parking) expectations up to 8%
LTV's expected up to 80% for non-resident purchasers
No local capital gains tax if held for 5 years
Bridging loans available for exchange deposits (ie. no cash down).
Expected capital growth of 15 % per annum
Good public transport connection to the city centre.
All the details are included within the pack – email us for full details. Already we have seen demand for half the available units in the last 24 hours – drop us an email and we can send the pack straight over.
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