BUY TO LET OFFER
The Baron Group is offering an opportunity to invest in a rental property with a guaranteed return of 5% on the value of the purchase, while retaining the opportunity to enjoy the residence for your annual holiday.
This offer is applicable to The Hillock Residences - a luxury residential development in Marsalforn bay, Gozo, Malta’s little sister island. The development has been named after the famous Yellow Hillock, in Maltese known as il-Qolla is-Safra, located nearby.
The Hillock Residences include a number of apartment blocks adjacent to each other, sharing the same aesthetic design, and comprising 12 individual units in each block.
The units offer a variety of spacious one, two or three bedroom apartments, and include optional lockup garages, or car spaces. The apartments are being offered finished, which includes all the finishing of the communal areas, passenger lift and front and back facades. Prices range from €99,500 to €114,000 for two-bedroom finished apartments and from €113,500 to €140,000 for three-bedroom finished apartments. We are offering various types of tailor-made finishings (further details are available on request).
All the residences within this development enjoy the facility of a communal swimming pool from which there are sweeping views of the Yellow Hillock, open fields, and distant sea-views.
There are property management services on-site, including an administrator system, attending to all The Hillock Residence property and maintenance needs, even in the absence of the tenants.
The Hillock Residences have been constructed utilising green measures to ensure they are environmentally friendly. Baron Holiday Homes has brought to this project what it consistently achieves in other developments – an elegant and superior design, coupled with exceptional quality in construction.
THE RENTAL AGREEMENT TERMS
Baron Holiday Homes will enter into an agreement with the purchaser whereby it will take on the management of the property, and accept rentals on the customer’s behalf, under Baron Holiday Homes normal terms of managed properties.
Baron Holiday Homes will be responsible for all the rental aspects concerning the rental of the property, including marketing and maintenance management.
Baron Holiday Homes will GUARANTEE a rental income of 5% of the purchase price of the property bought for a minimum period of five years.
Any damages and / or theft resulting from the rental of the property which are not classified as normal wear and tear will be for the account of Baron Holiday Homes.
Own use is allowed against a set fee to be agreed on a case-by-case basis.
Want to know more about investing in rental property in Gozo?
Complete the enquiry form below for more information.