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El Kantaoui 5  Resorthigh standing apartments, Golf & Resort<br />
Intoduction<br />El Kantaoui***** is an outstanding residential resort for tourists<br />      spanning nearly 1 hectares ...
Appartements<br />In Apart-Hotel* Option Plan<br /><ul><li>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 </li></ul>   a sustainable  environment<br />* This p...
Amenities and Benefits<br /><ul><li>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. </li></li></ul><li>Master Plan Phase ...
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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.
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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Transcript of "Project El Kantaoui Resort[Eng]"

  1. 1. El Kantaoui 5 Resorthigh standing apartments, Golf & Resort<br />
  2. 2. Intoduction<br />El Kantaoui***** is an outstanding residential resort for tourists<br /> spanning nearly 1 hectares in the touristic area of Tantana in Sousse<br />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.<br />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. <br />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.<br />
  3. 3.
  4. 4. Appartements<br />In Apart-Hotel* Option Plan<br /><ul><li>Large Swimming pools style in a lush green park
  5. 5. Choice of units 1, 2 and 3 bedrooms all with sea view
  6. 6. Fully equipped Kitchens
  7. 7. Contemporary/Eastern Architecture and Decoration
  8. 8. Penthouse with Solarium on the top floor
  9. 9. Installations offering different options for safeguarding energy for </li></ul> a sustainable environment<br />* 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. <br />
  10. 10. Amenities and Benefits<br /><ul><li>Commercial Center, supermarket, dry cleaner, bank, pharmacy, drugstore, etc.
  11. 11. Easy access to the famous Marina El Kantaoui
  12. 12. Recreational Areas for Adults and Children
  13. 13. Oriental Theme SPA
  14. 14. Walking distance to Sport Club and Ultramodern Gymnasium
  15. 15. Restaurant, Lounge Bar and Pub
  16. 16. Tennis, Squash, Basketball Courts and football pitch
  17. 17. Easy access to the Shore, beaches, Aquatic Activities, Golf, Horseback riding, etc. </li></li></ul><li>Master Plan Phase 1<br />Phase 1 | 200m | 75 Units | Completion : End 2011<br />…Phase 2<br />MediterraneanSea<br />Touristic Route<br />
  18. 18.
  19. 19.
  20. 20. 3 Bed<br />Apt<br />2 Bed<br />Apt<br />1 Bed<br />Apt<br />
  21. 21. Comparative<br />
  22. 22. SPECIFICATIONS & PROJECTIONS <br /><ul><li> 1 minutes walk to the beach
  23. 23. Swimming pools
  24. 24. Botanic Gardens
  25. 25. Tennis Courts
  26. 26. Football pitch
  27. 27. Club house
  28. 28. Restaurant
  29. 29. Bar
  30. 30. Tea rooms
  31. 31. Horse riding
  32. 32. Beach Bar
  33. 33. Beach activities
  34. 34. Sailing
  35. 35. Your money invested is 100% protected by insurance bonds
  36. 36. 80% Loan to Value mortgages available on completion
  37. 37. Beachfront resort
  38. 38. 15 minutes from Enfidha International Airport
  39. 39. Choice of 1-bed, 2-bed, 3-bed apartments, and penthouses
  40. 40. Excellent facilities on-site
  41. 41. Beautiful beaches
  42. 42. Borders thrivings Clubs resort
  43. 43. High rental yields of 8 – 12% p.a. expected
  44. 44. Capital growth of 20 – 30% expected
  45. 45. Prices from only €30,000</li></li></ul><li>Investment Exemple - Financing<br />2 bedroom apartment in El Kantaoui Resort priced at €60,500<br />€3,000 reserve, 40% on contract, 10% in 1 year, 50% on completion in 2 years<br />Reservation: €3,000<br />First payment of 40% (minus €3,000 already paid) : €21,280<br />Legal fees: €1,500<br />Total to pay upon signing of contracts: €3,000 + €21,280 + €1,500 =<br />€25,780<br />Annual interest payments on UK equity release of €25,780 at 6% =<br />€1’516,80 or €126,40 per month in the first year<br />
  46. 46. Investment Example - Financing<br />A further 10% stage payment is due in 12 months = €6’028<br />Added to the previous borrowing amount of €25’780 = €31’808<br />Borrowing costs of €31’808 at 6% = €1’908,50 annually or €159 per month in the second year.<br />Total financing expenditure in the first and second years = <br />€1’517 (1st year) + €1’908,5 (2nd year) = €3’425,50 (total for 2 years)<br />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.<br />€3’425,50 + €3’500 = €6’925,50<br />
  47. 47. Investment Example - Financing<br />Option A – Sell before completion<br />Purchase price of apartment = €60’278<br />Assuming modest 20% growth per year the apartment value 18 months from purchase will be worth €72’334<br />Gross Profit at this stage = €72’334 - €60’278 = €12’056<br />Total borrowing expenditure in the first and second years = €3’425,50<br />Agency fee for resale of apartment (5% of sale price) = €3’617<br />€12’056 (Gross Profit) - €3’425,5 - €3’617 (Selling fees) = €5’013,5 (Net profit)<br />Return on money invested €5’013,5 / €3’425,5 = 155%<br />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. <br />
  48. 48. Option A – Sell before completion<br />Option B – Complete on sale<br />Purchase price of apartment = €60’278<br />Final 50% and completion costs can be covered by an Italian mortgage.<br />Current Italian borrowing rates are in the region of 5%.<br />Costs on completion<br />50% + 1% VAT + €200 Notary + €4,000 furniture pack<br />€30’139 + €603 + €200 + €4,000 = €34’803<br />Cost of borrowing €34’803 at 5% in Tunisia is = €1’740 p.a.<br />Cost of borrowing initial amount in the UK at 6% is € 1’908,5p.a.<br />Total borrowing costs = €3’648,50 annually or €304 per month.<br />
  49. 49. Annual Running Costs<br />Approximate annual running costs of a 2 bed apartment after completion are:<br />€200 Utilities +<br />€200 Community Fees +<br />€ 30 Annual Wealth Tax =<br />Total running costs €430<br />Total annual outgoings (financing + running costs) :<br />€3’648,50 + €430 =<br />€4’078,50<br />
  50. 50. Rental Income<br />Current Club El Kantaoui holiday package excluding travel per week in August is €800 <br />Check price here:<br />Accommodation cost for two people is therefore €1200 per week<br />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.<br />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<br />Rental Income for total of 52 weeks per year = €9’200<br />Gross Yield = 9’200 / 60’278 = 16%<br />www.elmouradi.com<br />
  51. 51. Rental Income<br />Total Gross Rental Income = €9’200<br />- Rental Management fees (10%) = €920<br />- Property Cleaning (€20 per occupied week) = €140<br />Net Rental Income = €8’140<br />Total annual outgoings = €4’078,50<br />Net Profit = €8’140 - €4’078,50 =<br />€4’061,50 per year<br />

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