FAPO_TUN_051 - Tantana in Sousse - Prices from 29,000 euros
El Kantaoui***** is an outstanding residential resort for tourists spanning nearly 1 hectares in the touristic area of Tantana in Sousse.
This innovative project will be located within 80 metres of beautiful white sand beaches and within only 2 km/1,2 miles of a beautiful golf course, horse-riding clubs and many others activities.
The properties of El Kantoui Resort will be a modern resort with apartments, swimming pools, tennis court and a wide range of facilities: shopping centre, club house, Spa, animation, etc.
Nearby many beaches, hotels, restaurants and other attractions, El Kantaoui***** Resort will be the heart of a culturally rich local life and will provide various options to facilitate the well-being of each resident.
Apartments
In Apart-Hotel* Option Plan
300 High Standing Apartments
Large Swimming pools style in a lush green park
Choice of units 1, 2 and 3 bedrooms all with sea view
Fully equipped Kitchens
Contemporary/Eastern Architecture and Decoration
Penthouse with Solarium on the top floor
Installations offering different options for safeguarding energy for a sustainable environment
*This program is the result of the symbiosis between the real estate and tourism sectors. If the owner wishes, it may bring its ownership to the “apart-hotel“ option plan. Properties purchased within this complex will be offered through a fully managed lease-back system and owners will benefit from guaranteed profit share of all rental income. As well as presenting a fantastic investment opportunity, owners will have the opportunity to enjoy their apartment during a period of up to 6-8 weeks per year for personal holiday use.
Amenities and Benefits
Commercial Centre, supermarket, dry cleaner, bank, pharmacy, drugstore, etc.
Easy access to the famous Marina El Kantaoui
Recreational Areas for Adults and Children
Oriental Theme SPA
Walking distance to Sport Club and Ultramodern Gymnasium
Restaurant, Lounge Bar and Pub
Tennis, Squash, Basketball Courts and football pitch
Easy access to the Shore, beaches, Aquatic Activities, Golf, Horseback riding, etc.
SPECIFICATIONS & PROJECTIONS
15 minutes from Enfidha International Airport
Choice of studio, 1-bed, 2-bed, apartments, and penthouses
Excellent facilities on-site
Beautiful beaches
Borders thrivings Clubs resort
High rental yields of 10 – 20% p.a. expected
Capital growth of 20 – 30% expected
Prices from only 29,000 euros
1 minutes walk to the beach
Swimming pools
Botanic Gardens
Tennis Courts
Football pitch
Club house
Restaurant
Bar
Tea rooms
Horse riding
Beach Bar
Beach activities
Sailing
Your money invested is 100% protected by insurance bonds
Investment Exemple - Financing
2 bedroom apartment in El Kantaoui Resort priced at 60,500 euros
3,000 eurosreserve, 40% on contract, 10% in 1 year, 50% on completion in 2 years
Reservation: 3,000 euros
First payment of 40% (minus 3,000 euros already paid) : 21,280 euros
Legal fees: 1,500 euros
Total to pay upon signing of contracts: €3,000 + €21,280 + €1,500 = 25,780 euros
Option A – Sell before completion
Purchase price of apartment = 60,278 euros
Assuming modest 20% growth per year the apartment value 18 months from purchase will be worth 72,334 euros
Gross Profit at this stage = 72,334 euros - 60,278 euros = 12,056 euros
Agency fee for resale of apartment (5% of sale price) = 3,617 euros
12’056 euros (Gross Profit) - 3,617 euros(Selling fees) = 8,439 euros(Net profit)
R,turn on money invested 8,439 euros/ 25,780 euros = 30%
Option B – Complete on sale
Purchase price of apartment = 60,278 euros
Costs on completion
50% + 1% VAT + 200 euros Notary + 4,000 euros furniture pack
30,139 euros + 603 euros + 200 euros + 4,000 euros = 34,803 euros
Annual Running Costs
Approximate annual running costs of a 2 bed apartment after completion are:
200 eurosUtilities +
200 eurosCommunity Fees +
30 euros Annual Wealth Tax =
Total running costs 430 euros
Rental Income
Current Club El Kantaoui holiday package excluding travel per week in August is 800 euros
Accommodation cost for two people is therefore 1200 per week euros
We anticipate that the rental income of a 2 bed apartment in El Kantaoui during August will be at least 600 euros per week and 500 euros per week in June, July and September, 250 euros per week for the rest of the year.
Assuming we rent the apartment out for 4 weeks in August and a further 8 weeks during the rest of the summer months and 40 weeks during the rest of the year.
Rental Income for total of 52 weeks per year = 9,200 euros
Gross Yield = 9,200 / 60,278 = 16%
Total Gross Rental Income = 9,200 euros
- Rental Management fees (10%) = 920 euros
- Property Cleaning (€20 per occupied week) = 140 euros
Net Rental Income = 8,140 euros
Total annual outgoings = 4,078,50 euros
Net Profit = 8,140 euros - 4,078,50 euros = 4,061,50 euros per year
Prices from 29,000 euros