€170,000

2 bedroom/2 bathroom and 3 bedrooms/3-bathroom properties, varying in plot sizes, varying in price, complex of 34 houses in Illia, Peloponnese.

2 bedroom/2-bathroom properties (these are at the rear of the complex)
Each villa is approx. 84sqm of living space. The prices include furniture, equipment at the present condition and EOT licence.

€170,000 - IB4(1450sqm), IA1 (1280sqm)
€150,000 - IB2 (600sqm), IB3 (600sqm), IA2 (600sqm), IA3 (600sqm), I2 (600sqm)


3 bedroom/3-bathroom properties (these are at the centre of the complex)
Each villa approx. 111sqm of living space.  Please note that these villas are 70 - 90% complete.  Prices are negotiable on the unfinished houses, if you wish to purchase them completed the prices are below.  It is estimated that finishing the work would take approx. 4 months to complete.  

F2 at 275,000 Euros
Z1 at 275,000 Euros
Z2 at 270,000 Euros
H1 at 275,000 Euros
H2 at 275,000 Euros
H3 at 270,000 Euros
K2 at 280,000 Euros
K3 at 280,000 Euros
 
If you would like any further images, please let us know.  Guaranteed rental income is also available for those looking for an investment opportunity.

These lovely properties are located right near a sandy beach, and some have a pool included.  The beach opposite is beautiful and has “Blue Flag” status, being built on substantial 65,000sqm plot 5Km from Killini ( Kylini). 

The area offers facilities such a great golf course and the new Athens- Pirgos highway. Marina facilities are available nearby. Another advantage of the area is that there are approx. 300 days of sunshine a year and the average temperature during the summer is 30 – 35 degrees.

This is a beautiful area with endless sandy beaches and traditional villages. It is also an area well known for its historical monuments, the most famous being ancient Olympia, the birthplace of the Olympic Games in 776BC.

Property features:
EOT Licences available for the 84 and 111sqm properties.
Guaranteed rental income – see below for further details.
Designed in minimalist style with large open surrounding spaces.
Granite floors.
Double glazing.
Italian kitchen furniture.
Wardrobes.
Air conditioning.                         
Car parking space.
Garden irrigation.

Note re Maintenance Charges:
The owners have decided to maintain the properties themselves so there are only a few expenses for the common areas and revised maintenance charges are:
Approx 300 - 350 Euros annually for the 84sqm villas
Approx 400 - 450 Euros annually for the 111sqm villas.

These charges include the cleaning of the beach; common electricity supply;  common water supply; cleaning of common use areas of the complex and maintenance of the tanks and pumps of the water pump room.


Additional information:
Once the property is completely fitted out, a rental income guarantee package can be offered based on 4% of the purchase price - 4,800 Euros for the 84sqm villas and 8,000 Euros for the 111sqm villas. This amount would be paid annually at the end of each year.

If an exclusive 2 - 3 years rental agreement is in place, the purchase price may be reduced by 2 - 3 years' worth of rental income.


Travel information from the UK/Europe:

Fly to Zante and then take a ferry, available hourly, and takes about one hour - this seems to be the most popular route.

Fly to Kalamata airport which is a 2-hour drive away.

Fly to Kefalonia and then take a ferry which takes about 1.5 hours.



2/3 bedrooms, 2/3 bathrooms, beachfront properties, EOT licence, fully furnished, modern minimalist style, investment potential, Ilia, Peloponnese.