The Club records are available for inspection at any time
April 2003 Apartments were sold and contracts to purchase transferred to new buyer.
Each unit sold for Euros132,000.00 leaving a profit of Euros 48,000.00 per apartment.
As the total capital employed was only Euros 24,000.00 this represents a net return per unit of 100% over a period of 22 months or 54.54% per year return on investment.
September 2001 Monthly payments started and continued until April 2003 a total of 20 months at Euros 500.00 per month
Total Capital employed (per Apartment)
August 2001 Purchased formalised with developer and deposit paid
June 2001 Property reserved with a payment to the developer of Euros 5000.00 per apartment
The purchase price for these apartments was agreed at Euros 84,000.00 per apartment.
Euros 5,000.00
Euros 9,000.00
Euros 10,000.00
============
Euros 24,000.00
============
Per Apartment
This is an actual deal which was done between June 2001 and March 2003
