Croatia - Dubrovnik

Property Details

Location: Dubrovnik
Category: Luxury Apartments Spa and Marina on the Island of Korcula
Size: 80m2+Large Terrace

Price: €From €2450 / m2 (£From 1712 approx.)

Detailed Description:
Marina Marco consists of a range of stunning fully furnished 2 bedrooms, 2 bathroom apartments with expansive terraces and 180 degree water views. The development incorporates an International standard 5 Star Crowne Plaza Hotel Resort, with World-class 149 berth marina, spa and fitness club and boardwalk lifestyle with restaurants, bars, and specialty boutiques. The development is due for completion in September 2006. All apartments are 80m2 with terraces ranging from 20-40 m2. Korcula is easily accessible from Split and Dubrovnik airports by either car or fast luxury catamaran. Ultimately there are plans to build an airport on the island. Marina Marco is now available to purchase at attractive pre-construction prices through Dream Property Croatia. Each of the apartments is offered with the benefit of a resort management and rental agreement providing an attractive income stream whenever you are not enjoying the facilities yourself. Indeed for the first three years a minimum of 6% per annum income is guaranteed. The rental guarantee for the first three years is provided by the developer Adriatic Development Corporation (ADC). To effect this rental guarantee, monies are placed on deposit by ADC into an independent solicitors trust account. These monies, the equivalent of three years rent and outgoings are available to be called for should the rental return fall below the guaranteed 6% net threshold during the course of this three year period. Occupancy rates for the first three years are conservatively estimated at 50% for the purposes of this calculation. The Apartments The finishes selected reflect the ambiance and character of the Adriatic . Typical floor finishes are natural limestone. Kitchens and bathrooms incorporate modern European or equivalent appliances. Each apartment has lift access. Large sliding doors lead to your own expansive landscaped sun drenched terraces with privacy assured by the methods used in the developments design and landscape. Your private terrace and indeed each room have expansive water views and are South facing. Apartments are dual key, enabling them to be utilized as two individual rental units.

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