REAL ESTATE FOR SALE (OFF-PLAN) (€ Euro 139,798)
Apartment for sale in Crete Rethymno Crete Greece

The above given price is based on a 15 year loan and indicates the down payment which is about 40-60% of the total price. The extra cost is calculated between 7,5-11% of the total price.

Hotel Macaris Apartments & Spa is an urban property that will be renovated and upgraded to 5 star luxury standards, situated in the city of Rethymno. The hotel is built amphitheatrically on a hill, 50 meters from the sea, and all the 42 apartments have an excellent view to the sea. There are many beaches in the area round Rethymno. On the right hand side there is a view of the old town of Rethymno and the amazing Venetian castle of Fortezza. On the left hand side is the cape of Souda.

ABOUT THE PROJECT - a innovative investment with steady income
Imagine having a holiday in your own luxury apartment with a full service that you only find in luxury hotels, all maintenance is taken care off, and when you leave, your place starts making you money through organized rental. The managing company can rent your apartment for you with a license from The Greek Tourist Organization all year round if you so wish.

All the apartments have big balconies with a fantastic sea view. All the apartments are fully equipped and furnished

The apartments have under floor heating and air condition in all rooms. This makes it possible to rent the apartment for longer periods of time including the winter. Available at your disposal you will find. 2 swimming pools, fitness studio a bar restaurant on the roof terrace and an entrance lounge. An executive spa arrangement completes this perfect picture for a marvelous stay on the sunny island of Crete.

AMENITIES
Macaris Apartments & Spa has more to offer than just sunshine and swimming in the sea. Spend a relaxing sunny day by the swimming pool when your children enjoy their own children's pool, or go to the beach near by.

The restaurant and the bar are open with Greek specialties and tempting refreshments. For those of you who want to stay in shape, the fully equipped fitness center is always at your disposal.

A second heated indoor swimming pool is available during the winter for those who wish to have a sunny holiday during the winter months. At the Macaris Spa there are no limits on what you can experience, either relaxing or therapeutic massage, and a hot steam bath. All that is needed for a good and healthy well being.

There is always reception service that provides you with a warm and safe feeling. With a mini market in house you don't have to go far for your every day needs.

There is also a fully equipped business room for those needed to keep up their business or work. For all the apartment owners there are store rooms at their disposal at all times. Last but not the least free outdoor parking is included in the facilities of the Macaris complex.

STANDARD

- 2 bedroom (1 attic)
- 1 bathroom
- The guest room in the attic has 2 single beds
- Living room with an open kitchen with a dining room
- Tiles in the bathroom with a whirlpool and a shower cabin.
- Closet in the bedroom
- Satellite TV, broadband internet access and LCD TV
- Balcony with garden furniture and Jacuzzi (standard)
- Air condition
- Under floor heating
- Fantastic sea view
- 50 m from the beach
- Parking

Maintenance cost is 200€ every month for the apartment with 1 bedroom and 250€ every month with 2 bedrooms.

Three recommended payment options

1. Total price
• You pay the total price directly.
• Profit from the first year. Approximately 10.000€ – taxes.
• During rental no maintenance cost for the owner.
• 1 month owner usage free from maintenance cost per year.
• Rentals according the standards of The Greek Organization of Tourism, EOT.

2. 15 year loan
• You only pay the down payment (the above given price).
• The remaining amount of 40-60% will be financed by loan and will be paid back by rental revenue.
• Profit from the first year. Approximately 10.000€ – taxes – loan.
• During rental no maintenance cost for the owner.
• 1 month owner usage free from maintenance cost per year.
• Rentals according the standards of The Greek Organization of Tourism, EOT.

3. 20 year loan
• You only pay the down payment (the above given price).
• The remaining amount of 40-60% will be financed by loan and will be paid back by rental revenue.
• Profit from the first year. Approximately 10.000€ – taxes – loan.
• During rental no maintenance cost for the owner.
• 1 month owner usage free from maintenance cost per year.
• Rentals according the standards of The Greek Organization of Tourism, EOT.

Notar Hellas recommends option 1 & 2.

The owners have the prospect of buying a holiday home – business that will generate a good income.