VIP Residence I Port El Kantaoui, Near Sousse, Tunisia

Luxury Sea Facing Apartments with up to 50% pre-approval finance available (subject to status)

Prices from £55,968

Tunisia is one of the major African holiday destinations for Europeans, and is currently undergoing a major redevelopment of its residential tourism sector.

Its principal “selling point” is its Mediterranean coastline, with Sicily lying only 50 miles to the north east, and constant good weather and deep history, with cities such as Carthage offering strong cultural locations.
6.7 million Tourists visited Tunisia in 2007, with the majority, over 4 million, from Northern Europe. They came to take advantage of the beautiful wide sandy beaches, the calm and warm Mediterranean Sea, and the temperatures which average in the 30’s during the summer, and still register in the 20’s during the winter.

Tunisia is less than 2 hours flight from most European cities; UK is a little over 2 hours 30 minutes.

With an impressive 1,200 kilometres of coastline Tunisia is a more competitively priced alternative to other North African countries such as Morocco.

Port El Kantaoui is just north of Sousse. The area boasts the largest leisure marina in Tunisia, which is as stylish as many others on the Mediterranean, it combines the Andalusian charm of arches, cobblestone streets and lamp-lit quays, which offers an endless supply of cafes, restaurants catering to every taste, bars and boutiques.

Key Investor Benefits

• Tourism revenue up 11% (central bank figures)
• 8% Tourism growth expected 2008, highest in Mediterranean
• 1,200 kilometres of Mediterranean coastline
• 2 hours flying time direct from most European cities
• 300 days sunshine per annum. Average annual climate in summer in the 30’s, average temperature in winter at around 20 degrees
• Consistent low inflation rates
• Free trade agreement signed with the EU.
• Tunisia has a double taxation treaty with UK
• Taper relief for Capital Gains tax for each of ownership
• Foreign Investment Groups are investing heavily in Tunisia, SAMA Dubai have approved plans for a $25 billion 830 acre Med Gate Project. The landmark development is anticipated to generate a plethora of employment opportunities, including direct and indirect jobs during the construction phase and over 350,000 when completed. Emaar are also investing in Tunisia with plans for a tourist resort with purpose built marina and several 5* hotels.
• Construction work for the new €384m Enfidha Airport (80 miles from capital Tunis) is well underway and is due to be completed in 2010. When completed this will be Tunisia’s 8th International airport accommodation up to 7 million passengers annually.

The Development – VIP Residences I is located between two International airports and is less than 300m from the beach offering majority of apartments magnificent sea views. Planning permission has been granted for a building that is built over 7 storeys (R+6) comprising 47 luxury unfurnished apartments ranging between 1, 2 and 3 bedrooms.
 

The Developer is a Tunisian national who has been educated in Europe and is based both in the UK and Tunisia. He is committed to progressing, the Tunisian property sector to the International market. His experience in this market has lead to him developing significant contacts within the Tunisian administration and banking system, ensuring he is able to progress planning and construction in an efficient manner.

Location of VIP Residence I, Port El Kantaoui, Near Sousse, Tunisia - The Google Earth co-ordinates are 35 53 10.97N 10 35 56.05E

‘VIP Residence I’ will offer buyers:-

• Two airports within 20 minute drive - Monastir International airport - Enfida, the New International Airport which is currently under construction with completion December 2009.
• 1km from Port El Kantaoui, Tunisia’s largest leisure marina.
• Surrounded by 4 and 5 star hotels, in particular The 4 star El Mouradi Hotel which is a popular tourist retreat.
• 3 18 golf courses 10 minutes away, one being the third largest course in Tunisia.
• 300m from Sousse beaches (2 minutes)
• Within walking distance of local amenities, including excellent nightlife
• 1km from Aqua Park
• Opposite Public Gardens
• Close to the Centre of Sousse in a Business and Tourist area.
• Underground car parking available (sold separately)
• 2x lifts to all floors
• 24/7 on site security
• Finance Available (Union Tunisienne de Banques & Banque de l’Habitat Bank)

A selection of well appointed contemporary designed Mediterranean Sea facing 1, 2 and 3 bedroom apartments all finished to high European standards. All properties will include pre-installation of hot and cold air conditioning, equipped kitchen and bathrooms. Furniture packs in keeping with Tunisian culture can be supplied upon completion.

1 bedroom from 66m2 prices from GBP 55,968
2 bedroom from 81m2 prices from GBP 68,040
3 bedroom from 113m2 prices from GBP 95,824

The Reservation and Purchase Procedure

£2,000 reservation deposit, this is a 30 - day fully refundable deposit to remove your property from the market.

VIP Residence Payment Option 1 – Staged payments with finance.
£500 Non refundable administration fee for the ‘right to buy’ certificate and mortgage application (to be paid with reservation deposit)
15% on approval of mortgage and signing of contracts (less the deposit paid)
Staged payments due in Feb and on completion (April 2009) to be defined on an individual basis, subject to the level of finance approved.

VIP Residence Payment Option 2 - Staged payments without finance.
20% on signing of contracts (less deposit paid)
20% February 2009
60% on completion – April 2009
Closing costs in Tunisia are approximately 1.5% of the purchase value.
Interest rates are currently at 5% - 8% depending on APR

Call us to today to reserve your apartment.