Full Description

We are very pleased to announce our very best investment opportunity to date. Located in the capital city, Tirana, the development will consist of 100 units of which just over half have already been allocated to the local market. Just 10 minutes north of the city centre you will find the District of Kashar. Kashar is becoming more and more popular with the local middle classes as it offers the space that the city centre does not. It has amenities within a few minutes walk and bars, restaurants, nightclubs, and all facilities within 10 minute drive in the city centre. There is a new ring road being completed very soon which will leave buyers and tenants only 30 mins from the coast and easy access to other areas of Tirana including the international airport. With prices from €485 per square meter, you will be hard pressed to find any other off plan development cheaper in Tirana and in fact in any other European capital city. PLUS mortgage finance is available to foreign investors for a 60% LTV The Tirana Heights Residence is a contemporary mixed scheme of 1, 2 and 3 bedroom apartment's. The development will comprise of 9 floors, with various apartments starting from 70m2 gross. Underground and outside parking will also be available to the buyer at an additional cost. The development is 70% completeted and is being released to the market for sale. The building will be guaranteed, adding full security to your investment. With the option of 60% local borrowing available, you can buy into this attractive investment from only 8400 60% of the plot given to grass, woodland and pathways, it will prove ideal for the local Albanian middle classes for now and in the future. This will enable you the investor to feel secure about any rental or resale value your apartment may have. About Tirana heights: Completion: Construction is due to finish October 2008 Tenure: Freehold Number of Buildings: 1, divided into 4 self contained blocks Number of apartments: 100 Apartment sizes: 73.5 to 149.7 sqm Number of Floors: 9 Commercial Floors: 1 Apartment prices from: €35,647 for 73.5 smq apartments. Service charges: To be advised approx €3 €5sqm (paid by tenant) Parking price from: €TBA TiranaHeights Location Besim Alla Road, YzberishKashar, Tirana. Other advantages: Kashar is ideal location and easy accessed from the second largest streets of Tirana (Kavaja Street) 15 minutes from Tirana international airport 30 minutes from the closest beach Walking distance to all local amenities. Kashar has become the biggest spot for the average Albanian family. This means, the opportunities to find tenants are better. At TiranaHeights, prices are 75% cheaper of what they are in the City Centre (prices in the city centre starting from €1600 and reaching as far as €2500 per square meter. This development will offer strong rental and good exit strategy in the mid to long term. The local market is very strong as urbanisation for the middle classes in still very high. We strongly recommend this opportunity and feel that for capital growth, this development offers the very best investment since we started marketing in Albania well over a year ago. Tirana Heights is being developed by one of the largest construction and development companies in Albania. They have an established reputation for service and quality.