Purchasing property at this five star resort gives investors superb lifestyle and financial returns, including the added advantage of guaranteed rental returns plus guaranteed finance.

The development is an exceptional beachfront resort on the popular island of Samos. Benefitting from direct UK flights and a flourishing tourism market, the island is a perfect location to invest in property, reaping the lifestyle and financial rewards whilst knowing you have an established exit strategy.

***Exclusive Offer***
Buy a fraction of a three bedroom premier villa, with superb uninterrupted waterfront views and receive fractional ownership of a sleek express cruiser, the Fairline Targa 38, free!

How is this done and what am I investing in?

Fractional ownership is an amazing opportunity where several independent buyers can safely combine their resources to collectively own a property. People have been co investing with family and friends for years as it's a great way of splitting the costs of buying a luxury property that you could possibly not afford on your own. As time has progressed, the structure in which these groups were purchasing evolved to fractions, so that if one member of the family/group wanted to sell, they could do so without affecting the other owners.

This innovative formula provides complete investment, legal and tax benefits of property ownership which are passed through to you, or your heirs, and may be sold at anytime.

The fractional opportunity also offers the reassurance of less initial outlay for a property that you will most probably only use for a maximum of one month a year, if at all. For investors looking to spread their funds into as many different properties and markets as possible, this is the perfect option.

How it works

A company is created which owns a property within the resort. This company has twelve shares and owners can choose to buy one or more of these. This is unlike timeshare where you only own the usage time, with fractional ownership you co-own the title deeds. When you sell your fraction you will make profit on any capital growth that's occurred and this can be closely monitored by the other property values within the resort.

The investment

The Fractions can be purchased in 12ths, 6ths or quarters, so can be tailored to suit your budget. The Fractions are off plan and are therefore on offer significantly below market value.

Each fraction will provide 1 month's usage (on a rotation basis) which is broken down into 2 weeks peak and 2 weeks off peak. You have the option to use your property for all this time or give up your usage to provide a rental income. The first 2 years will provide a 7% guaranteed income if you forfeit your 2 weeks peak usage and after that you can give the whole month back for a 50% split of the hotel operators nightly rates when occupied.

Immediate 5% guaranteed return / Cash back on deposit

When you pay your 40% deposit to the developer, they offer to pay interest on your cash or borrowing of 5% per annum for up to 3 years, or completion (whichever is sooner). As soon as your deposit is paid, the developer will pay you 3 months worth of instalments up front and then monthly thereafter. These instalments do not have to be repaid on completion, or ever for that matter!

If you obtain borrowing for the 40% deposit on an interest only basis, the 5% return the developer pays should cover the interest payments and therefore your loan should not affect your cash flow whilst the property is being built.

This makes purchasing a fractional property not only affordable, but a great way to profit from the property's capital growth without 'forking out' for interest payments from your household income.

Shrewd investors have always preferred to use other people's money as 'gearing' against an investment and the developer's cash back offer provides a way to do this, which will increase your potential profits and do so in a stress free environment.

Prices and returns

Available properties include apartments, one, two and three bedroom villas. Prices range from £19,000 to £70,000.

On completion you will only have to pay the remaining 60% balance, which is offered on a non status developer finance option. To cover the repayments of this in the first two years the developer would pay a 7% rental guarantee (based on the total purchase price) for giving up two weeks of your 4 weeks usage.

Two years after completion if you give your 4 weeks usage back to the hotel you will receive an equal share on the room rate. This should more than cover your mortgage payments on the outstanding balance and put you in a positive cash flow situation.

Resort overview

Demand for luxury homes within complexes is constantly rising.
Giorgos Souflias, Greek Public Works Minister.

The proposed site plan has been produced by Yiannis Vikelas, one of the most respected architects in Greece, who has an excellent reputation and wealth of experience. His aim was to create a low density design which not only is in keeping with the Government plans, it creates more outdoor space and the promise of higher occupancy rates.

The site was selected due to the gradient of the land and, as such, all properties will have stunning sea views over the bay of Klima to Asia Minor.

The concept behind the overall construction is to emulate the village tradition of the island. Therefore, the resort is split into hubs which encompass a range of property types. The varying design of the properties is intended to heighten the sense of community living while creating a pleasing and interesting aesthetic.

Once the full marketing machine starts you will see the resort on TV advertisements, magazines and National Newspapers. The developers aims are that the resort will become a byword for luxury, quality and value. They already have reporters from the The Times, The Telegraph and The Daily Mail planned to visit the site in order to write editorials on the resort. By the time this advertising campaign is in full swing, the prices of the properties will have risen to reflect this extra cost.

Facilities

The resort is going to have a stunning array of facilities, of which the piece de resistance will be the 1,200m2 Spa.

The Spa, which is being designed by the internationally renowned Spa design company Blue Spa, who designed and operated the exclusive Mayfair Spa (www.mayfairspa.com) in the Radisson Edwardian, Mayfair hotel amongst others. In addition to the Spa, there will be a comprehensive array of other facilities:

Tennis Courts

Exclusive Marina

Gymnasium

Dive Centre

Water Sports Centre

Outdoor Infinity Pool

Indoor Pool

Two Restaurants

Reception

Children's Club

Conference Centre

Boutique

Convenience Store

The bay of Klima already has two restaurants on its waters edge, which will of course be within easy reach. The tourist resorts of Pythagorio and Psili Ammos are 10km and 2km away respectively. The Capital of Vathy with its eclectic mix of sites of cultural significance, shopping centre, restaurants and a range of lively bars, is only a short 15 minute drive from the resort.

The Marina

The marina at the development will be a subtle yet significant addition to the resort, allowing owners to berth their yachts for convenience whilst island hopping throughout Greece. Conveniently, the new state of the art marina at nearby Pythagorio is a mere few minutes sail west of the resort. The 35 berth marina at the development will offer all of the necessary facilities to secure and maintain your yacht. Power, water, internet access and other conveniences will be readily available, as will vehicular access. Nowhere else on Samos can you moor your yacht and admire her from your own balcony whilst sipping a glass of delicious local wine!

Comparables

This development will represent the pinnacle of five star accommodation available on Samos.

At present, there is only one true, five star hotel on the island, which rests between the airport and the marina resort of Pythagorio, the Doryssa Bay Resort (www.doryssa-bay.gr).

The hotel rates are explained in the main development brochure and the resort currently has a small Spa (with only three treatment rooms) and is directly under the flightpath from the airport being only 0.5km from the end of the airstrip.

Other than The Doryssa Bay Resort, there is a collection of three and four star hotels throughout the island. Christie and Co. have undertaken a full feasibility study into five star tourism on the island and its future potential, which confirms the need for further five star accommodation.

Further information is in the main development brochure.

Greece

Top tourism destination: Greece was one of the top five countries visited by British tourists in 2008.

Established exit strategy: 80% of properties sold in 2008 were resales, increasing property values by 20%.

Most desirable place to be: Greece was voted the second best European destination by over 25,000 Telegraph readers.

Bucking the trend: 2.7% growth in the economy predicted for 2009 when most EU countries are expecting a decline.

Following the success of Athens 2004 Olympic Games, which brought major infrastructural improvements, Greece has become increasingly more popular with not only traditional tourism, but is fast establishing itself with foreign investors as a country with enormous possibilities. Greece is now a popular destination for conventions, international exhibitions and major investments within the framework of the tourist industry.

Planning legislation has recently changed as the Greek government pursues its initiative of increasing tourism on the islands by over 50% by 2013. The Government are investing £650 million to increase tourist numbers focusing on 4 and 5 star accommodations. They are doing this by easing planning laws and making ownership easier for foreign buyers. The tax system has also been simplified with fewer taxes for investors. This will inevitably open up the Greek property market to investment from the second home investor market. For many years, Spain has been the primary destination for the second home investor due to the lax Spanish building regulations and excellent weather. However, Greece is fast becoming the destination of choice.

Greece is an established holiday destination and one of the most sought after second home locations besides Spain and Portugal. It boasts the same stunning weather and azure coastlines, but also benefits from stringent planning controls, preventing overdevelopment on the coast, as can be witnessed in parts of Spain.

Greek tourism is world renowned. The country boasts a wealth of history, character and breathtaking scenery, ensuring that tourism will always be popular. The popularity of tourism and the envious way of life ensure a strong and stable resales market, vital for when you wish to sell your property and realise your investment.

Samos - The Island

Samos is an Island steeped in history, culture and some of the most beautiful scenery Greece has to offer. Being the 8th largest Greek Isle, Samos has an area of 477km2, boasts two cities and a variety of boutique tourist destinations from the delightful marina resort of Pythagorio to the picturesque Kokkari. With flights available direct from the UK, getting there has never been easier.

Not only is there an international airport on the island which receives flights from all over Europe, there are also two ferry terminals. 40% of all tourism is from Greek Nationals, ensuring a strong local demand.

At present, there is one five star resort on the Island: http://www.doryssa-bay.gr. The developer's have commissioned Christie & Co. to produce a feasibility study into five star tourism on the island. The report that was produced strongly indicates that there is a need for further upmarket tourism on the island. Tour operators offering package holidays to Samos include Thomson, Tui, First Choice and Cosmos.

Located on the south coast of the island, Samos International Airport currently handles over 250,000 travelers per annum. This figure is expected to rise by 20% per year.

There is an abundance of reasonably priced local car hire firms on the island as well as numerous organised excursions.

Caring for the Environment and Samos

The resort has been conceived and implemented by architects and developers that treasure Samos and its charms. While the finish of the resort will be in keeping with the traditional architecture of the island, the construction process is also designed to limit the environmental impact on the island.

The development is not only designed to be the very pinnacle of luxury accommodation on the island of Samos, the resort is also at the forefront of eco-technology.

All of the construction materials for the resort will be produced or sourced locally, reducing the carbon footprint of the build.

The use of electricity on the resort will be significantly boosted by the careful placement of solar panels, meeting the needs of the resort and its guests.

Water on the resort will be recycled to keep the grounds lush and green throughout the year. The resort will process its own freshwater requirements, reducing the environmental impact on the island. Furthermore the resort facilities will be heated via a geothermal system.

These are just a few of the initiatives implemented to lower the impact of the building works and will help in maintaining the resort, years on from completion.

Download the brochure and accompanying information for further details.

We have a huge amount of information on this resort, including: Due diligence documents, images, comparables and much more. Please contact us for further details.