The Brief
Aqua Gardens is a complex of 1 and 2 bedroom apartments priced from just £32,000. The development has excellent views of Tirana's artificial lake and of the Dajti Mountain range from its location right beside Tirana's national park, where it is nestled between gorgeous botanical gardens and the aforementioned artificial lake.
The OpportunityAt a Glance
- Finance available 70% LTV
- EU entry expected in 2014
- Sustained economic growth for next 7 years and beyond
- Capital appreciation forecasts; 10%-15% per year at least until 2014, but in all likelihood long after
- Capital appreciation may reach 20% in a popular area like that of Aqua Gardens
- Rental yields growing quickly -- currently avg. 6%
In Detail
Albania is currently one of the most popular locations in the world to make a property investment. Full EU entry is expected sometime in 2014, and all signs point to this going ahead as planned. With Albania's economy growing strongly in its own right with rapid growth in tourism, and business sectors as well as spiralling foreign investment, being on course to becoming a full member of the EU, gives Albania a safety net for investors as EU development money helps to bolster economic growth. Investors can look at Albania and be almost certain of sustained economic growth between now and 2014, making it excellent for mid-long term property investments.
The Property
At a Glance
- Premier lakeside location
- Tirana town center 5 minutes away
- Excellent views of Dajti Mountains and Artificial Lake
- Residents swimming pool
Each apartment has infrastructure for air-conditioning and central heating, and are well insulated with, double glazing, exterior wall insulation, and 20cm dividing walls of acoustic (sound dampening) brick between each unit. Even the interior dividing walls are 12cm thick, all of which, with Albania's Mediterranean climate, will make heating bills tiny definitely a consideration with oil prices climbing.
All apartments will be painted white, and will have fitted bathrooms, including a shower cubicle, WC, Bidet and wash-hand basin. Bathroom walls will be tiled, as will all floors throughout the apartments. Inner doors will be wood effect, and the apartments will all have an external security door. All apartments will have TV aerials installed, as well as telephone connections and hot and cold running water. There will also be an intercom system between each apartment and the external security door, the intercom will have a button which will release the security door locking system to prevent unwanted guests.
Aqua Gardens - The Location
Aqua Gardens is unique in its location as it has clear views of both of Tirana's lakes and undisturbed views of Dajti Mountain. Because of this, no other buildings can be constructed in front of the development.
Surrounded by the Beauty of Nature...
Aqua Gardens is right next to Tirana National Park which is located on the hills southeast of Tirana. It covers an area of 230 hectares with the artificial lake of 55 hectares right in the middle of it. The Park includes 120 species of trees, decorative shrubs, and wildflowers. It's the most popular place for recreational activities, as well as jogging, aerobics, and sunbathing on the shores of the lake.
Aqua Gardens is near Tirana Botanical Gardens which opened in 1971 and comprise of a beautiful landscape of 14.5 hectares. Tirana Botanical Gardens offer a diverse collection of plants and seasonal displays with over 2,000 species, where you and your family can enjoy long early- afternoon walks. Aqua Gardens is near the Tirana Zoo which is a peaceful place to enjoy nature and see different species of animals.
But not in the middle of nowhere
Aqua Gardens is only 5 minutes drive to the center of Tirana; the new ring-road will pass close by which will allow fast access to other parts of the city.
|