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Excellent Rental Potential
‘The Golden Triangle’ is in an excellent position on Lake Como and a very popular location
for tourists. The area receives more requests for accommodation per annum, than the
number beds. This is naturally a very healthy situation for an investor, with little scope for
further development of property in the area.
For the management and rental of the apartments, we have negotiated with a company to
offer their service to buyers. This is around 1500 euros pa. They are currently acting for
many of our clients. They have also provided quotes for a total rental package which they
can offer to purchasers of the apartments, please see below:
| Size |
Low
Season |
Mid
Season |
High
Season |
Annual
NET rental income |
| |
5 weeks |
16 weeks |
8 weeks |
|
| 1 bedroom 2 guests |
€300 |
€500 |
€550 |
€13,900 |
| 1 bedroom 4 guests |
€400 |
€550 |
€600 |
€15,600 |
| 2 bedroom 4 guests |
€450 |
€600 |
€650 |
€17,050 |
| 2 bedroom 6 guests |
€500 |
€650 |
€800 |
€19,300 |
| Low Season |
Nov to Apr |
| Mid Season |
May to June Sept to Oct |
| High Season |
Jul to Aug |
Note: the High season rental rates are very conservative
Note: Annual income is a full package and NET of all costs (including management)
Note: The large 2 bed 2 bath apartments and 4 bed penthouses will attract a substantially higher
The main marketing side of the operation is a UK based company who have an excellent track in
income rental marketing. Their web site has been mentioned on the BBC’s Holiday Programme.
|
 |
 |
Actual Views taken from Balconies
|
Typical Return on Investment |
| Purchase price |
£170,000 |
Deposit & fees* |
£73,100 |
7.2% equity growth off-plan |
£12,240 |
7.2% equity growth year 1 |
£13,121 |
7.2% equity growth year 2 |
£14,066 |
7.2% equity growth year 3 |
£15,079 |
7.2% equity growth year 4 |
£16,164 |
7.2% equity growth year 5 |
£17,328 |
Example Net Rental profit over 5
years** |
£4,379 |
| Return on investment = 126%** |
£92,377 |
*The €5000 reservation has not been included in
this figure. VAT, notary fees, legal fees and
mortgage cost are included at 13% of the
purchase price.
**Assumes €13,900 net income pa, mortgage at
5.75% over 25 years Capital & Interest repayment |
Actual Views taken from Balconies
|
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