Mlynky Wellness Resort Apartments

• Part of established hotel
• 80% mortgages available
• Only 10% deposit on reservation
• No capital gains tax after 5 years
• Up to 7% guaranteed income for 5 years
• Guaranteed minimum buy back price after 5 years
• Being sold €500 cheaper per m2 than any local comparable
• Invest from as little as £11,485
• 2-year ROI after completion = projected 92%
• 20 days personal usage per year
• 32 apartments – studios from 41m2
• Target yield of 12%
• Ski-In / Ski -Out apartments
• Located - Slovak Paradise National Park (very rare permission)
• Wide variety of sports and leisure facilities
• SIPP compatible
• Fully furnished
• Includes car parking
• Turnkey operation
• Fully managed, hands-free operation
• Free all-inclusive investors trip 18 - 22nd May 2009 (call for details)
• Slovakia property growth 2007 = 19.18%
• Slovakia GDP 2007 = 10.4%

Click here to download Mlynky investment prospectus.

The Hotel was constructed approximately 2 years ago and has been rated as a high 3 star. It has already created for itself a good reputation and occupancy levels. So much so that the hotel is building a series of new buy-to-let apartments to fulfil this existing and increasing demand.

The Hotel benefits from the obvious high season of December to March but surprisingly they also have a super high season from June - September.

The hotel offers superb facilities to attract tourists all year round.

The hotel has such extensive leisure and conference facilities for only 16 rooms. However it has always been an integral part of the resorts initial concept to create a long term development program to establish a unique successful hotel within the National Park that can offer large Slovak corporations a comprehensive conference package.

The hotel management have letters of intent from Slovak Corporations such as Slovak, electricity, gas, telecommunications and from coaching companies that promise to use the hotel providing they can increase the numbers of room to plus 40.

In summary this project has been very well executed from inception and the pro active hotel management have created a need for the 32 apartments together with the Hotel that will create the "Mlynky Wellness Resort".

Click here to download investment summary.

Studio Investment

• Studio Apartments range from 41.3m2 to 59m2 and start from €73,792 (£57,431) to 105,315 (£81,970)
• With 80% LTP mortgages available, investors can purchase a studio apartment with as little as £11,486 + purchase costs
• Click here to view floor plans

One Bedroom Investment Options

• One bedroom apartments range from 56.6 m2 to 92.45 m2 and starts from €101,031 (£78,636) to
  € 165,023 (£128,443)
• With 80% LTP mortgages available, investors can purchase a one bedroom apartment with as little as £15,727+ purchase costs
• Click here to view floor plans

Two bedroom Investment Options

• Two bedroom apartments range from 90.75m2 to 92.45m2 and start from €161,989 (£126,081) to €165,023 (£128,443)
• With 80% LTP mortgages available, investors can purchase a two bedroom apartment with as little as £25,217 + purchase costs
• Click here to view floor plans

Two bedroom mezzanine Investment Options

• Two bedroom mezzanine apartments are available from €207,703 £161,661) Two bedroom mezzanine apartments are around 116.36 m2
• With 80% LTP mortgages available, investors can purchase a Two bedroom mezzanine apartment with as little as £32,330 + purchase costs
• Click here to view floor plans

Click here to download price list.

Rental Returns

There are two rental management agreements that investors can chose from that have been designed to suit varying needs, levels of security and buying status i.e.: If the apartment is purchased through a UK self invested personal pension fund (SIPP) then there can be no personal usage.

Option1 – Guaranteed 7% Income for 5 Years

This option will give an annual income of 7% after all management and maintenance costs. This option does not allow any personal use per year.

Option 2 - Guaranteed 6.5% Income for 5 Years

• This option will give an annual income of 6.5% % this is after all management and maintenance costs.
• This option allows the investor 20 days a year of personal use subject to the following conditions. . No usage during the Christmas week of 24/12 – 2/1 and the 4 days of Easter
• The management company has agreed to set aside the 3rd week of each January to be an "Investors Week" whereby special programs will be in place which includes free adjoining ski lift pass and ski lessons for beginners plus the 3rd week of each September in order to see the National Park and its deer population at its best

Option 3 - Variable guaranteed Period

This option allows you to chose either rental option 1 or 2 and fix the term at the start for the number of years that you are comfortable with up to the maximum of 5 years.

For example a new hotel quickly reaches a high level of occupancy after three years with maximum occupancy taking around five years. Therefore you may consider taking a rent guarantee for three years then on year four your investment would be in the rental pool on a 50/50 split.

The rental guarantee is for a period of 5 years after which time the apartment will go into the established rental pool on a 50/50 basis. Expectations of returns are in double digits!

No capital gains to tax after an investment is held for 5 years or more.

Fail-safe Exit Option

The best component of this structure is a fail-safe exit option. In the unlikely event that the apartments don't gain in value, the developer guarantees and contractually binds himself that he will buy back the apartment for 105% of the purchase price after 5 years. Thus the investor gains complete protection from the capital risk, yet may fully exercise the capital gains. Effectively, therefore, you could get 20 days free holidays for 5 years, and then your money back plus 5%. Amazing!