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New Luxury Apartments at AquaVista Bay Seafront Resort in Montenegro (off plan)
| Property Group | Residential | | Property Type | Apartment | | Built | 2010 | | Waste System | Sewer | | Price | Euro 128,000
For Sale |
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| Location | Herceg Novi Riviera | | Nearest City | Kumbor | | Living area | 50.00 sq/m | | Bedrooms | 1 | | Bathrooms | 1 | | Living Rooms | 1 | | Kitchens | 1 | | Terraces | 1 |
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| | For further details contact
The Gray Rider Real Estate Co.
John Wallace
143 Longview Drive
Chatham, 12037, NY
United States
Phone: +1-518-392-7062
Fax: +1-877-875-5704
http://www.worldrealtynews.com |
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| Gated Community | | Holiday Area | | Countryside | | Oceanfront | | Oceanview | | Mountainview | | Shopping nearby | | Leisure Facilities | | Fitness Center | | Beach | | BBQ | | Lift-Elevator | | Central Air Conditioning | | Cable/Satellite TV | | Microwave | | Spa/Jacuzzi | | Pool | | Double Glazing | | Tinted Glass | | Central Heating | | Alarm | | Security Service | |
REF: Baltomore-1
Heavenly situated - Front Line - hugging the shores of the Herceg Novi Riviera at Kumbor just 6km east of Herceg Novi town and facing across Boka Bay to the sunny peninsula of Lustica is a brand new off plan complex of 223 luxury apartments – AQUAVISTA BAY.
Irish developers, Baltimore Holdings expect to complete the project by 2010 as part of their substantial investment in Montenegro and following on from other successful luxury developments within Montenegro at Becici and Sveti Stefan.
Aquavista Bay is situated on the Bay of Kotorska (in 1997 officially joined the Association of 28 most beautiful bays in the world) and is five minutes drive to the historic town of Herceg Novi. The town itself is an architectural mixture of Romanic, Byzantine and Oriental styles and its centre ‘Stari Grad’ dates back to the early 15th century. Often called ‘City of the Sun’ and ‘Town of eternal greenery’ it is filled with fashionable cafes, restaurants and bars to satisfy all taste buds and pockets.
Aquavista Bay overlooks Azure blue clean waters, and surrounded by scented mimosa, camellia, oleander and bougainvillea you are immediately transported into a Mediterranean haven that complements the high end, modern architectural lines of this very attractive gated community of buildings.
An average of 260 sunny days per annum with temperatures of 25c between May to September and very mild winters between 16-22c ensure this region enjoys its own micro-climate and is well known amongst Montenegrins as having the best weather in the whole country.
Extremely accessible and just a half hour coastal drive away is the stunning city of Kotor set in the magnificent Bay of Kotor which is protected by Unesco as a world heritage site. The bustling town of Budva Old Town is reachable within forty minutes. Ski stations are a three hour drive. Dubrovnik airport is only 30km from Aquavista Bay with international flights coming in from all over Europe and the local airport at Tivat just 12km away.
Aquavista Bay consists of:
*223 luxury apartments from 50m2 to 109 m2 – prices starting at €128,000 (one & two beds plus penthouses available)
Landscaped lush gardens with native trees and plants
Indoor and Outdoor swimming pools (heated throughout winter)
Gymnasium
Shop and Restaurant
Marina access at Kumbor
Direct walkway to beach
Car Park
24 hour Security in Gated Community
Lifts to all floors in each block
External walls insulated
External windows & doors double-glazed
Public lighting in garden & all external common areas
Cable T.V.
Telephone sockets
Fully fitted kitchen including hob, oven, fridge, extractor fan
Work surface – granite or equivalent material
All interior doors & skirting – oak finish
Ironmongery – stainless steel
Main entrance door – full security
Bathrooms – tiled floor to ceiling
Concealed cisterns
High quality sanitary ware
Floors throughout tiled with high quality tiles
Painting & decorating in white finish with all woodwork finished to a high quality in natural colour
Stairways & common areas in marble finish or equivalent
All hand rails – stainless steel
Air-conditioning in all rooms
PAYMENT PLANS:
AQUAVISTA BAY, KUMBOR HERCEG NOVI
10% - On Signing
30% - December 2008
30% - May 2009
20% - October 2009
10% - On completion estimated April 2010 or before on completion
BUYING ADVICE:
The selling and buying of properties are without restriction in Montenegro and is regulated by law and legally secure. Ownership is guaranteed and in that respect there are no specific limitations. The only exceptions being public property, i.e. streets, squares and public objects of special importance etc of which the sale and purchase is not permitted.
The legal procedure is as follows:
The buying process for foreigners is the same as for Montenegrins, with no restrictions on buying private property.
The Law on Foreign Investments of Montenegro (the Law) defines Corporative Investing as a right of a foreign legal entity or natural person to establish various types of companies (General Partnership, Limited Partnership, Limited Liability Company or a Joint Stock Company) in Montenegro. The foreign investor may, either alone or together with other foreign or domestic investors, form an enterprise or purchase shares of or interests in an existing enterprise.
After agreeing a purchase price with the seller a 10% – 20% deposit is usually standard.
A contract is then drawn up and signed by both parties. A purchase tax of around 3% of the property value is paid. Factor in the cost of an interpreter and document translation, and be aware that lawyers can act for both parties though this can be arranged differently if you prefer. The whole process can take up to two months.
No Mortgages available in Montenegro, however mortgages are beginning to become available from 50% to 70% loan-to-value.
Registering a property can be completed within a couple of days at the Land Registry office, in a fairly straight forward process with little potential trouble.
Costs of a standard property purchase in Montenegro include the following:
Legal fees amount to around 1% of property purchases.
No Inheritance Tax. Property purchase tax is 3%, but not applicable if you buy off plan and is the first registered owner of the property.
Capital gains realized by selling securities held in the taxpayer portfolio for more than two years shall not be subject to the tax.
Once the agreed amount of money has exchanged hands the purchase is now complete.
Email for more information. |
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