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]
1. El Kantaoui 5 Resorthigh standing apartments, Golf & Resort
2. 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.
9. 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.
46. 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
47. 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.
48. 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.
49. 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
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
51. 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