Amanda Shiel looks at a variety of overseas developments ideal for investors
Cape Verde
FM Cape Verde is developing two large resorts on the island of Boavista.
Creola Sands (comprising duplexes and apartments, with configurations ranging between studios, one-, two- and three-bedrooms) is located on the sea with a beachfront site on Cabral Beach while Sabi Sands (comprising studios, two- three- and four-bedroom villas and one-, two- and three-bedroom duplexes) is situated on a hillside with views to sand dunes, overlooking an oasis of palm trees and an ocean backdrop.
Both developments offer two outdoor swimming pools, superb restaurants, bars and entertainment areas. There is also a gymnasium, medical facilities and internet cafés, gourmet super markets, children’s park and entertainment areas and terraces overlooking beautifully colourful gardens.
An apartment bought at either Creola Sands or Sabi Sands from the developer would be expected to increase in value by 17 per cent each year. In addition, FM International offers a rental guarantee of five per cent for two years, with the option to leaseback the property after this time. To ensure private investors receive more than just financial benefits, the guaranteed monthly rental income allows property owners four weeks of the year to enjoy the property themselves.
Properties at Creola Sands range from 84,000 – 355,000 euros. Properties at Sabi Sands are priced from 90,500 – 389,400 euros. For more information call 0131 226 4135 or visit the website sands-capeverde.com.
Bulgaria
The Belgravia is a collection of 98 premium apartments situated within the greenbelt of Sofia’s university quarter.
Located between the prestigious area of Lozenets and Sofia’s business district with stunning views of Vitosha Mountain, the private gated complex comprises of studio, one- and two-bedroom apartments. The architecture of The Belgravia reflects the style and character of the surrounding historical buildings in this protected area of Sofia.
Internally, apartments offer efficient and modern living spaces finished to a high specification with the majority benefiting from balconies and private gardens. The scheme boasts a variety of communal facilities including underground parking, gym and sauna, health and beauty salon, restaurant, a concierge service and 24-hour security.
The Belgravia is situated within one of Sofia’s key growth areas, just ten minutes drive to the city centre and five minutes to Sofia’s business district.
Bulgarian Dreams is currently offering phase two to the international market. Prices at The Belgravia start from €47,700 (£32,000) for a studio apartment. Contact Bulgarian Dreams on 00 44 207 614 1240 or visit bulgariandreams.com.
Florida
Seven Continent Investment London have launched the Hollywood Grande, a stunning Venetian-style 5-star apart-hotel. Its beachfront location by the newly regenerated, nostalgic Hollywood Boardwalk and historic town centre will help ensure consistently high occupancy levels.
Prices start from $300,685 with up to 79 per cent financing available. Investors will also benefit from an outstanding condo-hotel scheme which offers seven per cent guaranteed income for the first two years and then 60 per cent of the room rate to the investor for every night the room is occupied.
Investors can also claim 90 days free use of their suite. All hotel suites are available furnished in a Spanish colonial style. Cars can be parked using the robotic car parking system which means that there is no entry to the garage.
For more information, contact Charlotte Barraclough on 07939 261695 or visit 7cinvest.com.
Montenegro
Property investors looking for a stunning Mediterranean investment, coupled with strong anticipated rental income and capital appreciation, need look no further than Boka Heights in Kotor.
The luxury development is made up of one- and two-bedroom apartments. All offer balconies or patios, with many enjoying uninterrupted views of Kotor Fjord and the nearby town of Perast.
The high quality, modern and open plan properties have been designed in a contemporary style and vary from 50sq m to 80sq m. All apartments will be fully equipped with modern kitchens, bathrooms and air conditioning.
Investors will also be able to enjoy a communal swimming pool set in glorious landscaped gardens, as well as the opportunity to purchase a car parking space for added convenience and rent-ability.
Due for completion in June 2008. Prices start at €147,125. A simple and structured payment plan is in place to ensure investors enjoy a straightforward purchase process
For further information on Mimosa Park, call Emerging Real Estate on 0845 601 7293 or visit emergingrealestate.com.
Turkey
Astrum Towers is a development of studio, one-, two- and three-bedroom apartments located in the Haramidere area of Istanbul and close to the sandy shoreline of Büyükçekmece, a popular weekend getaway for city dwellers. Although well served locally with retail and leisure facilities including a large Carrefour, the city centre can be accessed swiftly by the adjacent Esenyurt-Ambarli connection road making Astrum Towers ideal for business rentals.
The apartments have fitted kitchens, double glazed windows, central heating, television and telephone connections plus fire alarms fitted with sprinklers. On-site facilities include an open-air swimming pool, sports area, sauna, cafeteria and plentiful covered and open parking.
Prices start from just £21,000 for a studio apartment. Favourable payment terms begin with a £2,000 deposit followed by 30 per cent on signing of contract, 30 per cent on completion of shell, 30 per cent on final completion and 10 per cent on transfer of the title deeds scheduled for early 2009.
Call Dream Homes Worldwide UK freephone 0800 0193 847, Ireland freephone 1800 805 006 or 0034 952 908 803 for other international calls, or visit dreamhomesww.com.