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Project El Kantaoui Resort[Eng]
 

Project El Kantaoui Resort[Eng]

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El Kantaoui***** Resort est une remarquable station résidentielle touristique s’étendant sur 4500m dans la zone touristique de Tantana, à Sousse. ...

El Kantaoui***** Resort est une remarquable station résidentielle touristique s’étendant sur 4500m dans la zone touristique de Tantana, à Sousse.
Ce projet innovateur sera situé à 80 mètres de belles plages blanches, et à 2 km d’un magnifique parcours de golf et de clubs d’équitation.
El Kantaoui***** Resort sera une station estivale de dernière génération avec appartements, piscines communes et un large éventail de services: Centre Commercial, Terrain de Tennis, Spa, Animation, etc.

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    Project El Kantaoui Resort[Eng] Project El Kantaoui Resort[Eng] Presentation Transcript

    • El Kantaoui 5 Resorthigh standing apartments, Golf & Resort
    • Intoduction
      El Kantaoui***** is an outstanding residential resort for tourists
      spanning nearly 1 hectares in the touristic area of Tantana in Sousse
      This innovative project will be located within 30 meters of beautiful white sand beaches and within only 2 km/1,2 miles of a beautiful golf course, horse-riding clubs and many others activities.
      The properties of El Kantoui Resort will be a modern resort with apartments, swimming pools, tennis court and a wide range of facilities: shopping center, club house, Spa, animation, etc.
      Nearby many beaches, hotels, restaurants and other attractions, El Kantaoui 5 Resort will be the heart of a culturally rich local life and will provide various options to facilitate the well-being of each resident.
    • Appartements
      In Apart-Hotel* Option Plan
      • Large Swimming pools style in a lush green park
      • Choice of units 1, 2 and 3 bedrooms all with sea view
      • Fully equipped Kitchens
      • Contemporary/Eastern Architecture and Decoration
      • Penthouse with Solarium on the top floor
      • Installations offering different options for safeguarding energy for
      a sustainable environment
      * This program is the result of the symbiosis between the real estate and tourism sectors. If the owner wishes, it may bring its ownership to the “apart-hotel“ option plan. Properties purchased within this complex will be offered through a fully managed lease-back system and owners will benefit from guaranteed profit share of all rental income. As well as presenting a fantastic investment opportunity, owners will have the opportunity to enjoy their apartment during a period of up to 6-8 weeks per year for personal holiday use.
    • Amenities and Benefits
      • Commercial Center, supermarket, dry cleaner, bank, pharmacy, drugstore, etc.
      • Easy access to the famous Marina El Kantaoui
      • Recreational Areas for Adults and Children
      • Oriental Theme SPA
      • Walking distance to Sport Club and Ultramodern Gymnasium
      • Restaurant, Lounge Bar and Pub
      • Tennis, Squash, Basketball Courts and football pitch
      • Easy access to the Shore, beaches, Aquatic Activities, Golf, Horseback riding, etc.
    • Master Plan Phase 1
      Phase 1 | 200m | 75 Units | Completion : End 2011
      …Phase 2
      MediterraneanSea
      Touristic Route
    • 3 Bed
      Apt
      2 Bed
      Apt
      1 Bed
      Apt
    • Comparative
    • SPECIFICATIONS & PROJECTIONS
      • 1 minutes walk to the beach
      • Swimming pools
      • Botanic Gardens
      • Tennis Courts
      • Football pitch
      • Club house
      • Restaurant
      • Bar
      • Tea rooms
      • Horse riding
      • Beach Bar
      • Beach activities
      • Sailing
      • Your money invested is 100% protected by insurance bonds
      • 80% Loan to Value mortgages available on completion
      • Beachfront resort
      • 15 minutes from Enfidha International Airport
      • Choice of 1-bed, 2-bed, 3-bed apartments, and penthouses
      • Excellent facilities on-site
      • Beautiful beaches
      • Borders thrivings Clubs resort
      • High rental yields of 8 – 12% p.a. expected
      • Capital growth of 20 – 30% expected
      • Prices from only €30,000
    • Investment Exemple - Financing
      2 bedroom apartment in El Kantaoui Resort priced at €60,500
      €3,000 reserve, 40% on contract, 10% in 1 year, 50% on completion in 2 years
      Reservation: €3,000
      First payment of 40% (minus €3,000 already paid) : €21,280
      Legal fees: €1,500
      Total to pay upon signing of contracts: €3,000 + €21,280 + €1,500 =
      €25,780
      Annual interest payments on UK equity release of €25,780 at 6% =
      €1’516,80 or €126,40 per month in the first year
    • Investment Example - Financing
      A further 10% stage payment is due in 12 months = €6’028
      Added to the previous borrowing amount of €25’780 = €31’808
      Borrowing costs of €31’808 at 6% = €1’908,50 annually or €159 per month in the second year.
      Total financing expenditure in the first and second years =
      €1’517 (1st year) + €1’908,5 (2nd year) = €3’425,50 (total for 2 years)
      Assuming we didn’t want to or could not afford to pay the monthly payments on the amount borrowed, we could quite simply borrow a further €3’500 euros above what we need in order to cover the above payments for two years.
      €3’425,50 + €3’500 = €6’925,50
    • Investment Example - Financing
      Option A – Sell before completion
      Purchase price of apartment = €60’278
      Assuming modest 20% growth per year the apartment value 18 months from purchase will be worth €72’334
      Gross Profit at this stage = €72’334 - €60’278 = €12’056
      Total borrowing expenditure in the first and second years = €3’425,50
      Agency fee for resale of apartment (5% of sale price) = €3’617
      €12’056 (Gross Profit) - €3’425,5 - €3’617 (Selling fees) = €5’013,5 (Net profit)
      Return on money invested €5’013,5 / €3’425,5 = 155%
      It is important to note that your monthly outgoings have not changed as we have borrowed an additional €3’500 to cover the monthly financing costs.
    • Option A – Sell before completion
      Option B – Complete on sale
      Purchase price of apartment = €60’278
      Final 50% and completion costs can be covered by an Italian mortgage.
      Current Italian borrowing rates are in the region of 5%.
      Costs on completion
      50% + 1% VAT + €200 Notary + €4,000 furniture pack
      €30’139 + €603 + €200 + €4,000 = €34’803
      Cost of borrowing €34’803 at 5% in Tunisia is = €1’740 p.a.
      Cost of borrowing initial amount in the UK at 6% is € 1’908,5p.a.
      Total borrowing costs = €3’648,50 annually or €304 per month.
    • Annual Running Costs
      Approximate annual running costs of a 2 bed apartment after completion are:
      €200 Utilities +
      €200 Community Fees +
      € 30 Annual Wealth Tax =
      Total running costs €430
      Total annual outgoings (financing + running costs) :
      €3’648,50 + €430 =
      €4’078,50
    • Rental Income
      Current Club El Kantaoui holiday package excluding travel per week in August is €800
      Check price here:
      Accommodation cost for two people is therefore €1200 per week
      We anticipate that the rental income of a 2 bed apartment in El Kantaoui during August will be at least €600 per week and €500 per week in June, July and September.
      Assuming we rent the apartment out for 4 weeks in August and a further 8 weeks during the rest of the summer months and 40 weeks during the rest of the year
      Rental Income for total of 52 weeks per year = €9’200
      Gross Yield = 9’200 / 60’278 = 16%
      www.elmouradi.com
    • Rental Income
      Total Gross Rental Income = €9’200
      - Rental Management fees (10%) = €920
      - Property Cleaning (€20 per occupied week) = €140
      Net Rental Income = €8’140
      Total annual outgoings = €4’078,50
      Net Profit = €8’140 - €4’078,50 =
      €4’061,50 per year