Hillock

We thank you for your interest and would like to give you an overview of our investment offer.

 

The Apartment:

  • HILLOCK RESIDENCES - Marsalforn Gozo
  • High end apartments and garages
  • Sea and country views
  • Concierge, Common Pool and Gym facilities.
  • 2/3 bedroomed apartments (minimum 2 bathrooms), plus laundry room.
  • Prices start from:
      • Apartment:      € 80000
      • Garage:           € 15000
  • In Advanced Shell – includes
    • Facades, Apertures, and Railings
    • Common Stairwells and Lift
    • For detailed specifications please go here.
  • Finishing
    •  Turn Key Finishing Package available. For detailed specifications please go here.
  • Viewing of finished show apartment on request

 

The Process:

On the conclusion of our verbal agreement on your preferred property the company will enter into two agreements with yourself in respect of

  • The purchase of the property – Called the Preliminary Agreement
  • The rental agreement

 

The Purchase:

Completion of Purchase: 3 months after signing of Preliminary agreement
Normal Payment Terms: 10% on Promise of Sale
90% on Contract

 

The Rental Agreement Terms:

  • Baron Group will enter into an agreement with the purchaser whereby it will take on the management of the property, and accept rentals on customer’s behalf, under Baron Group normal terms of managed properties. Baron Group will be responsible for all the rental aspects concerning the rental of the property, including marketing and maintenance management.
  • It will moreover GUARANTEE a minimum of rental income of not less than 5% of the purchase price of the property bought.
  • At the end of each agreed 12 month term the Baron Group will pay the balance of the rentals received, less consumables and commissions, to the customer.
  • In conclusion, whilst the rental earnings could be higher than the guaranteed amount, should the rental income generated by the property fall short of the minimum guaranteed amount, Baron Group will pay to the customer the minimum amount agreed with the customer out of its own funds.
  • Any damages and / or thefts emanating from the rental of the property which are not classified as normal wear and tear will be for the account of Baron Group.

VIEW PROPERTY ON OFFER