Halycon Hills, Greece

Halycon Hills summary

Excellent investment opportunity with an 8% 2 year rental guarantee.

• Stunning Beachfront Spa Resort
• Guaranteed Rentals & Finance
• 8% Rental Guarantee for 2 years
• Anticipated 14% return pa thereafter
• 14 days free usage per year
• Easily accessible from the UK

Total investment property package

Entrance Strategy for Investors

• Reservation fee only £1000.00
• 30% deposit 60 days after reservation
• Developer pays interest payments on 30% deposit
• 70% guaranteed mortgage on completion

Management Strategy on Completion

• 2 year 8% guaranteed rental
• 14% return anticipated following the rental guarantee period
• 14 days personal use per year
• Ongoing support from Ward & Co

Exit Strategy

• Sell your property with a documented, accounted and viable income stream
• Retain your property and benefit from the ongoing rental returns and continued capital growth

The property

There are several different properties to choose from.

• Ground Floor Apartment Suite
• Penthouse Apartment Suite
• One Bedroom Kampana
• One Bedroom Villa
• Two Bedroom Villa
• Three Bedroom Villa

All properties will have a sea view.

The development

Halcyon Hills offers an opportunity rarely found amongst second homes. Usually properties are either packaged as great investments or they are beautiful and feel they don't need an exciting investment package. Halcyon Hills offers both.

Nestling in a sheltered bay on the South-eastern tip of Samos, the location of the resort is truly without peer. The island itself is stunning, with literally aeons of history and culture merging with idyllic beaches, azure waters and a warm, Mediterranean climate.

Halcyon Hills has been meticulously designed with its stunning location firmly in mind. Every property owner at the resort enjoys the panoramic sea views from their own terrace. Centred around a 1200m2 spa, Halcyon Hills has all of the facilities of a modern five star resort, ensuring not only your own enjoyment but also that others will want to rent your property, should you wish to consider it an investment. Samos has an international airport and a successful tradition of five star tourism, ensuring a high rental opportunity for those who invest in luxury property on the island.

Facilities include

• Five star world class spa
• 35 berth private marina
• Sandy beach with superb views
• Gym, tennis courts and pools
• Fine dining & a-la-carte restaurants

The region

Halcyon Hills is situated in what is undoubtedly one of the finest locations of a hotel resort anywhere in the world. The development looks across an expansive azure sea to Asia Minor and the soaring mountains of a forest-laden national park. The gentle waters of the Aegean lap against the beach which hugs the curve of the bay while the channel between Asia Minor and Samos ensures that the waters remain calm, offering superb swimming and sailing.

The village of Klima rests next to Halcyon Hills and has two delightful tavernas gracing its shoreline. the small, boutique tourist resort of Psilli Amos is two bays to the West, while the historically rich harbour of Pythagoria (Named after Pythagoras who was born there) lies 3 miles to the West. The islands capital is a 15 minute drive away from the resort and the international airport is just a short 20 minute drive. This modest yet adequate distance ensures that the relaxing ambience of the resort is not affected by aircraft noise.

Investor data

Payment Plan

• Day 1 – £1,000 reservation fee
• Day 30 – 10% less reservation fee = £17,500
• Day 60 – 20% = £37,000
• Developer Assistance for a Studio Apartment:
  • Purchase price £185,000
  • 30% deposit required £55,500
  • Monthly cost to raise deposit based on finance at 5% fixed interest £231
  • Cost up to three years £9,250
  • Monthly developer assistance contribution £231
  • Developer’s contribution over 3 years £9,250
  • Total cost to investor £0
• Balance due upon completion = £129,500

Total Balance Due Upon Completion

• £129,500 – balance of contract price due
• 70% of the property price is payable when the property is completed. At this time, a non status mortgage pays the remaining amount outstanding, or alternatively,choose a normal bank mortgage for the full value of the property

Capital sum

At this point you now own a property that is worth £294,646.