investment opportunity lalezit bay, durres - Worldwidepropertyshop.net

The DevelopmentSet on 44 hectares of prime beachfront Adriatic land andwith 760m of beach frontage, La Perla Golf and BeachResort will offer a lifestyle option yet to be seen in acountry which is experiencing a massive rejuvenationand huge foreign interest.There will be around 1,000 dwellings, ranging fromboutique hotel accommodation, to apartments, villas andtownhouses. Twenty large golf/beach villas will be subtlyintegrated into the design of the golf course, borderinga 20-hectare nature reserve. Villa plots will vary in sizefrom 300 to 900 square metres, with each plot having asea view. The golf course will also incorporate 60 golf/beach townhouses and 120 golf/beach apartments – allto be completed in phase-one (end 2010).When the developer markets the off-plan apartments,prices will range from €900m2 to €1,500m2. Our initialpre-launch offering to investors is around 36% less at€580m2. Current build and land costs in Albania arearound €500m2, so this pre-launch price is just abovecost price and represents outstanding value for theearly-bird investor.This price is available for the 1- and 2-bed apartments,providing an entry level of just €32,480 for a 1-bedapartment, which would have a current market value of€50,400. A 2-bed apartment with a current market valueof €76,500 can be purchased for €49,300.The vision is for the 1-bed apartments to have eithersea or golf views, and the 2-bed apartments to have seaand golf views. Apartments will be allocated to investorsat the point of the build licenses and final designs beingapproved. This is expected before June 2009.The beauty of this pre-launch deal is that investors gaininstant equity, whilst getting into the market early to alsoreceive the full benefits of two years capital growth,forecast to be 20% over the next 12 months.As this is a pre-launch opportunity, offering investorssuch healthy discounts, the developer seeks 100% ofinvestment funds up front.Security for BuyersLand purchased in Albania for property developmentlegally must sit within an overall master plan fordevelopment. Because of this, the developer is veryclear about what is allowed to be built and to what floorlevel. He is now working on conceptual designs for thebest possible use of the land with the architect. The nextstep is to secure build permission.As this is such a high profile project for Albania, the firstgolf course development in the country, the governmentwill be heavily involved in this decision and local lobbyistswill support the developer in securing permissions.The developer will secure your investment by placing aregistered charge over the development land equivalentto the value of your purchase price. If the project is notcompleted by 2012, the developer will offer each Buyer,on a no obligation basis, a full refund of money investedplus any legal interest owed.In the absolute worst case scenario, whereby thedeveloper defaulted or went bankrupt, the land wouldbe sold and your capital would be returned to you fromthe proceeds of the sale. As the developer has anexcellent track record in developing within Albania, hasdelivered projects, has excellent government contactsand because of his background has access to financeand equity from some of the world’s leading financialinstitutions, this scenario is highly unlikely.