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Ultima Off Piste Apt 4Fanstastic opportunity to own a centrally located 1 bedroom apartment that was built in 2008.
Priced at $360,000 outright or purchase a 1/4 share as tennants in common.
Features are:
· Ski in – Ski out access · Open plan living for great entertaining, including large separate balcony · Self contained European style kitchen · Stunning Alpine views
The tenants in common option would involve:
- 4 equal shares as tenants in common. - Purchase price for a 25% interest is $90,000. - 5% deposit ($4,500) on signing. - At settlement purchaser pays an additional $25,500. - The balance being $60,000 is provided as vendor finance as follows: - Interest rate: 0% per annum Term: 12 months from date of settlement Security: First mortgage over 25% interest. - Settlement period: 30 days from date of signing of sale note. - Each purchaser is entitled to 25% of ski season days as per Owners Agreement. (Ski season (2009) was 114 days, therefore 25% is at least 28 days). - Each purchaser is responsible for 25% of the expenses for the apartment.
Make your ski resort investment make sense and be consistent with your ability to use it. A relatively small investment in the ski fields that you can justify. You can own prestige lifestyle real estate for a fraction of its value. |
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