Borgo Rio Favara is located on the southern coast of Sicily just 250 metres from the deep blue waters of the Mediterranean sea. Set in 18,000 m2 of park land the development offers not only the perfect holiday home but a guaranteed rental income of 4%
Prices from 119,000 euros.
Borgo Rio Favara
Each villa has 8 apartments, four on the top floor, four on the ground floor. Each apartment of 45 m2 has one bedroom, corner kitchen and living area with bed sofa, bathroom with shower and a storage area. The apartments on the ground floor all have a garden and veranda. Gardens measure from 37 m2 to 52 m2. The top floor apartments have balconies and terraces. Each villa has a covered parking area for the residents with additional parking for guests. The apartments all come with air conditioning and top quality furniture packs will be provided on request. All the avenues and paths of Borgo Rio Favara are illuminated while the whole Borgo is planted with typical local trees, plants and shrubs.
The beach- Il Lido
Located 250 meters away from the Borgo. A walkway directly links the Borgo to the 5,000 m2 of golden beaches. The Lido has all the necessary facilities to make your day on the beach everything you could wish for: large beach umbrellas for shade, sun beds, showers and changing rooms, areas for beach volley ball and soccer and entertainment zones for both children and adults alike.
Boats, canoes, windsurf boards, water skiing can all be arranged while boat excursions to areas of historical, cultural and natural beauty are also available. You can even take a helicopter ride to see this marvellous coastal area from above!. And of course the European Blue Flag flies proudly over one of the most unpolluted spots in Europe.
Facilities and Services
Borgo Rio Favara is resident focused. During your holiday you and your guests may need to take advantage of various services. That is why at Borgo Rio Favara caters for all your needs.
There is the Borgo reception to provide help and advice to residents, a mini-market, a car/scooter/ bicycle hire service, laundry services are also available. At the Lido, there is a restaurant, self service buffet, a pizzeria, a bar and a large swimming pool with areas reserved for children and one for adults. There is a 1,500 m2 solarium or you can enjoy walks or cycling in the 18,000 m2 of parkland of the Borgo. For sports lovers there are 5-a-side soccer pitch and a tennis court.
Benefits of Owning at Borgo Rio Favara
- Apartments are all sold on a freehold basis
- Property management and maintenance carried out by the Borgo’s property management company
- A guarantee rental of 4% is offered which is net of all management costs plus you will have two weeks per year when the apartment is for your use. Example of guaranteed rental income of 4%: purchase price €125,000 equal to €5.000 per annum or €416 per month. Of course if you wish take on the rental of your apartment yourself, you can, you are not tied in
- A truly outstanding seaside location with apartments of traditional Mediterranean design which are in harmony with the local environment
- High quality building techniques
- Excellent local infrastructure, services and facilities
- Resident focused, offering a multitude of services
- Possible in personalise your apartment (interior designers available for advice)
- All apartments delivered key ready
- Transparent purchase and legal procedures
- Mortgages and finance offered (subject to status)
Condition
No work required. Delivered key in hand
Land
Area: 18,000m2. Gardens and verandas. Parkland with typical Mediterranean plants
Features
Leisure centre with beauty farm, boutiques, wine bar, and hotel.
Garage
Covered parking spaces for residents and guests
Access Road: Private
Pool : Yes
Price
From 119.000 euros
Questions and Answers:
What is the payment schedule when buying my apartment?
Example, apartment with a price of 125,000 euros:
5,000 euros Reservation Fee
10,000 euros on signing the purchase agreement
110,000 euros on delivery
For multiple apartment purchases there are discounts available.
Do you offer mortgages?
Yes, subject to status.
80,000 euros, 20 year mortgage with monthly payments at a variable rate of interest would be as of today 412.33 euros per month
How does the rental guarantee work?
A rental guarantee of 4% which is net of all management costs of your apartment. You will have two weeks per year when the apartment is for your use.
Example of guaranteed rental income of 4%: purchase price 125,000 euros equal to 5.000 euros per annum or 416 euros per month
Of course if you wish take on the rental of your apartment yourself, you can, you are not tied in.
Do the apartments come furnished?
Furniture packs can be provided at a cost of 9,000 euros.
How much are the yearly management charges?
Ca. 400 euros per annum.
How much are the utilities costs?
Each apartment is independently metered so water, gas and electricity costs depend on consumption. The average would be €25 per week for two people.
