Summary
This is the smallest of the three villa types on what is destined to become an exceptional world class resort. The two storey villas are designed to take full advantage of the sloping site and fantastic ocean views. Complementing the good sized living room, kitchenette, cloakroom, double bedroom and bathroom will be a terrace and / or garden area. Fractional ownership is also available from £30,000.
This exciting new development on the idyllic Greek Island of Samos represents one of the best opportunities for an investment or lifestyle purchase that we have seen in Europe for some considerable time. What’s more, the developer’s imaginative and innovative purchase options ensure easy access to the project, with up to 100% assisted financing and the option to enter the resort’s rental programme with an 8% guarantee for two years. One finance option provides a 5% cash-back on completion.
Description
EVERYTHING FOR THE LIFESTYLE BUYER AND INVESTOR
Destined to become a world class resort, this development will offer just about everything a lifestyle buyer or property investor could wish for. Cleverly designed to take full advantage of its stunning hillside location, it is planned so that all properties will be able to enjoy the beautiful views over the Aegean Sea.
The properties have been designed by the renowned Greek architects Vikelas & Associates and their mission has been to encapsulate the charm of the existing village tradition and styles which have been a feature of Samos for centuries.
There are five main property types, starting with the ground and penthouse apartment suites, the kampanas or bungalows and three sizes of villa, respectively with one, two and three bedrooms. However, each property type has a selection of individual designs, allowing buyers to choose a property to their own particular tastes and individuality.
The architects form the nucleus of a team of specialists which the developer has assembled to ensure that every aspect of the resort is of the highest quality. Thus, Blue Spa & Leisure are responsible for the design and operation of the fabulous spa, which will be a major feature of the resort, whilst the expertise of interior design and furniture design specialists, Plumtree Mee and Arbor Vetum respectively, will be equally apparent.
THE FIVE STAR RESORT FACILITIES
It is the facilities that complete the package to make a resort a five star destination and the developer has ensured that this resort will have all it needs and more to fulfil that requirement. The superb range of facilities is to include restaurants, a piano bar and boutiques for the relaxed visitor, with tennis courts and the fully equipped gym for the more energetic.
Children and families will be catered for with the Children’s Club, family restaurants, water sports centre and two further shops. Planned for completing the five star experience like no other resort on the island are:
• World class spa
• Exclusive marina
• Two private beaches
• Outdoor infinity pool
• Indoor pool
• Two restaurants
• Taverna
• Night bar
• Gymnasium
• Tennis court
• Dive centre
• Water sports centre
• Children’s Club
• Conference centre
• Boutique
• Speciality deli
The Spa
The spa will be all about delivering wellbeing in pure and luxurious surroundings whilst harnessing the natural healing power of the sea and promises to offer an outstanding experience for all. It represents a sensual journey from the thermal rooms to the specialist treatments, designed to provide the ideal sanctuary from a hectic modern life.
Seven treatment rooms will enable guests to enjoy treatments such as Four Hands Massage and Rasul, which are mingled with the amazing ‘Experience Showers’, where you can choose from tropical rain with the delicate scents of mango and papaya or ice needle jets or gentler cool mists. Couples can share the experience in the special couple’s room.
Completing the spa experience will be the 250 m² indoor pool. Designed for year round use, the pool opens into the large outdoor infinity pool, complete with ergonomically designed seating areas. This will be one of the finest locations in the whole resort from which to enjoy the panoramic view, especially as the sun sets over the bay.
The Marina
A subtle, yet significant addition to the resort, the marina is designed to support up to 36 vessels, from pocket cruisers to super yachts and will be one of the few places on Samos where you can admire your yacht from your own villa terrace.
Facilities at the Marina Information Centre will include internet, telephone and facsimile, bank ATM, baggage storage and postal services, whilst arrivals will benefit from a souvenir shop, boutique and the other resort facilities.
The marina will make the resort the perfect base for island hopping throughout the azure Greek waters before returning to your five star spa retreat as the sun sets, in time to enjoy the piano bar, taverna or other facilities.
ENVIRONMENTAL ISSUES
Much more than lip service has been paid to the environment and the potential effect of the development on the island. The resort will be at the forefront of eco-technology and all construction materials are being sourced or produced locally so as to minimise the carbon footprint. The properties are designed to facilitate healthy airflow, utilising smaller windows to the rear and larger picture windows to the front of each property.
Water will be recycled to keep the grounds lush and green throughout the year and the resort will process its own fresh water requirements. Carefully placed solar panels will boost the electricity supply significantly and the resort facilities will be heated by a geo-thermal system. Even the furniture, designed for the specially priced furniture packs and reflecting the traditional Greek architecture of the resort, will be using only the finest eco-friendly teak timbers.
ASSISTED FINANCE & THE PURCHASE PROCESS
One reason for the undoubted success of the sales and marketing programme to date is the imaginative and innovative purchase process, with its two finance options and the limited availability of 100% assisted financing. This is made possible by the developer financing the interest payments on the 30% deposit, these then being rolled over into the mortgage.
In all cases, a Reservation Fee of £1000 is required. This is fully refundable for 14 days. Unless the assisted purchase scheme is required, there are then two payment options:
Option 1
15% deposit payable within 30 days of contract date
15% payable on grant of full planning consent or a minimum of 12 months from the contract date
70% payable on completion of the resort, scheduled for 2011
Option 2
30% deposit payable within 60 days of contract date (10% within 30 days, 20% within 60 days)
5% of the 30% returned as cash-back to assist interest payments on the deposit loan
70% payable on completion of the resort, scheduled for 2011
Mortgages of 70% are guaranteed to be available, subject to status.
THE HOTEL AND RENTAL RETURNS
A world-renowned hotel group will be appointed to operate the resort on completion. For the first two years, as the resort establishes itself, a rental guarantee of 8% p.a. gross is being offered and this includes two weeks personal use. Thereafter, the rental profit will be split on a 50/50 basis with the resort management company and it is anticipated that rental returns of 14% p.a. are achievable, bearing in mind that there will be no comparable resorts on Samos.
An annual maintenance charge of about 25 € per m² will be payable and will cover all costs associated with the operation of the resort other than borrowings and insurance. Purchasers do not have to enter into the rental scheme and may choose to keep their property for their own personal use or to make their own arrangements for renting it out.
FRACTIONAL OWNERSHIP
Fractional Ownership is being offered on a limited number of units. This should not be confused with timeshare. Purchasers own a 1/12th share in the property which may be sold or passed to heirs at any time. Owners will then have 4 weeks use of the property per year, split between high and low season. They can choose to enter their fraction into the rental pool and allocate the two weeks’ high season usage to rental. For this, a 7% rental guarantee will be paid for each of the first two years of the resort‘s operation.
A £500 reservation fee is payable with 40% due on signing contracts and 60% on completion in 2011. A 5% cash-back is available on the 40% deposit to assist interest payments on the deposit loan. Mortgages of 60% will be available, subject to status.
Prices for a 1/12th share in a fully furnished and equipped property are:
Apartment Suite: £22,000 (40% deposit = £8800)
1 bed Luxury Villa: £32,000 (40% deposit = £12,800)
2 bed Superior Villa: £43,000 (40% deposit = £17,200)
3 bed Premier Villa: £76,000 (40% deposit = £30,400)
All fraction owners will automatically be provided with membership of The Registry Collection for a period of ten years. This elite membership offers you a world of luxury vacation opportunities and experiences in many of the most desirable resort destinations worldwide.
THE MAGIC OF GREECE AND ITS GOVERNMENT’S OBJECTIVES
Holiday makers from the UK and many other countries are becoming increasingly familiar with the delights which certain of the Greek islands have to offer. Holidays there have an atmosphere all of their own providing, as they do, a unique combination of brilliant sunshine, beautiful beaches, dazzling white villages, friendly resorts, a rich cultural history and the captivating romance of island life.
Greek island holidays allow you to experience an enjoyable mix of relaxation and adventure, a wealth of sporting and leisure activities, breathtaking historical sights, the charm of the family-run tavernas and a friendly welcome wherever you go.
Planning legislation in Greece has recently changed as the government pursues its objective of increasing tourism to the islands by over 50% by 2013. Inevitably, this will open up the Greek property market to investment by the second home buyer.
However, the government is determined that the over-development which has caused such problems in certain other European countries will not be allowed to happen. To that end, the planning changes will ensure that the coastal regions and beautiful landscapes will never become over-developed.
THE ENCHANTING ISLAND OF SAMOS
Situated towards the South Eastern fringes of Greece and her islands, Samos has an individual topography unique amongst its neighbours. Dominated by two mountains, the island rises abruptly out of the azure Aegean Sea, with forest laden hillsides providing its typically green appearance. One of the most verdant islands in the Aegean, Samos has a rich industry of agriculture and is a favourite stop-over for island hoppers.
Samos is the eighth largest Greek isle with an area of 477 km². It has two cities, a variety of boutique tourist destinations, an international airport receiving flights from all over Europe and two ferry terminals. At present, there is just one five star resort on the island and a report by independent specialists Christie & Co strongly indicates the need for further up-market tourist destinations on the island.
Tourism on Samos increased by 21% in 2006 and 40% of all tourism is from Greek nationals, demonstrating a strong local demand. UK tourists accounted for 11% in the same year. Tour operators offering package holidays to the island include Thomson, Tui, First Choice and Cosmos.
Important Notices
The computer generated images which illustrate this feature are intended to provide an impression of the development and its properties and may not be a true representation of the finished project, its facilities or the designs of the properties. Their accuracy is not guaranteed and they have no contractual value.
No description or information given, whether on this website, written or verbal, about the development or its facilities, the apartments or villas or their plans, specifications or values, may be relied upon as a statement or representation of fact. The developer reserves the right to amend the plans and specifications as necessary and without notice. Nothing on this website, nor anything within any printed material provided, constitutes or forms part of any contract.
Investabroad Properties is not regulated by the UK Financial Services Authority and is not authorised to give investment or tax advice to the public.
Purchase prices may be subject to variation due to fluctuating exchange rates and are subject to alteration without notice.
Disclaimer
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