- All running costs paid by developer
- Low reservation fee
- Straightforward purchase procedure
- Comfort cottages from €290,000
- Very successful Center Parcs brand
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"All running costs for your property are paid by the developer leaving a surplus monthly income which you could use towards capital repayments."
Purchase Procedure
The purchase procedure for properties at Centre Parcs has been split into phases in conjunction with the planning and build of the resort, as described on the table below. All properties are due to be completed in December 2012 and the resort is scheduled to begin operation in Spring 2013.
| Request for funds | Amount Due | Provisional Schedule |
| Reservation deposit | 2% | 4th quarter 2009 |
| Signing of deed | 3% | 3rd quarter 2010 |
| Receipt of final building permit | 10% | 4th quarter 2010 |
| Completion of foundations | 19% | From 4th quarter 2011 to 3rd quarter 2012 |
| Superstructure completion | 30% | From 1st quarter 2012 to 3rd quarter 2012 |
| Completion of partitions | 19.61% | From 2nd quarter 2012 to 4th quarter 2012 |
Prices and Returns
Properties within the Center Parcs resort are priced differenly according to their size and plot, however the table below gives an average cost for the different styles of property available in the resort.
| Cottage Style | Bedrooms | Average Surface Area (m2) | Average Price |
| Comfort Cottage | 2 | 57.4 | €290,000 |
| Premium Cottage | 3 | 72.4 | €322,216 |
| VIP Cottage | 4 | 84.2 | €348,215 |
Financial Summary:
The table below gives a breakdown of the costs and returns of purchasing a property at Center Parcs, in this case a 3 bedroom Premium Cottage.
Purchase Price (incl VAT) |
€317,900 |
Discounted Price (excl VAT) |
€265,803 |
Government Subsidy |
€7,000 |
Luxury Furniture Pack |
€0 |
Legal, bank & broker fees |
€0 |
Client Contribution |
€9,524 |
Mortgage Required (incl estimation of deferred interest) |
€276,251 |
Return on initial investment over 5 years |
€139,927 (14.69%) |
Return on initial investment over 10 years |
€252,023 (26.46%) |
Rental returns to cover mortgage payments:
An example of a current mortgage facility of €276,251 available on the property is an interest only mortgage over 20 years with a current interest rate of 3.30%.
|
Per Month |
| Mortgage Monthly Repayment Cost | €760 |
| Guaranteed Rental Payment at 4.5% net of all running costs | €997 |
| Surplus of rent over mortgage costs | €237 |
Running costs are paid by the developer leaving you a surplus of €237 per month With this option, your only cash contribution is €9,524 – the discount and government subsidy cover the rest of the purchase price taxes and buying costs. All running costs are paid by the developer leaving a surplus of €237 per month which you could use towards capital repayments.