TAKE PART
Many options are available to those interested in Crossroad House wishing to invest for living, leasing or commercial purposes. Investment may also take form of financing the project in whole or part with good returns. Buyers of apartments may prefer the choice of having them delivered finished to high standards or in a more basic form, in either case they can take part in the final design. Foreign investors can take advantage of the terms of foreign exchange transactions (.pdf) introduced by the Central Bank of Iceland enabling them to acquire Icelandic kronur in foreign exchange auctions yielding in effect about 20% discount of ISK for their foreign currency. Source and further information: The Central Bank of Iceland.
Buyers who will only need their apartments as occasional dwellings may want to lease them to Crossroad House to maximise their returns gaining extra interest on their investment in addition to an expected modest increase in real estate price. Buyers of commercial spaces will have the same choice and can also have a say in the final design.
Up to eighteen flats will be on sale, studio, 1 and 2 bedroom, ranging from 35.3 sqm to 127.0 sqm in addition to 541.8 sqm of gallery, shop and café space. A lease of sharehold for 50 years amounts to 1% of lot price for flats and commercial space (£233 per sqm).
The estimated market price for the whole house is £3,476,200 for flats £2,233,590 and for commercial space £1,242,610. Price for flats will vary from £2,300 to £2,518 per sqm and price for commercial space is £2,269 per sqm. The estimated rental income for flats is £17 per sqm per calendar month and £17 per sqm per calendar month for commercial space. Please click for further information about investment and rent. Enquiries at vego@vegamotahus.is.
Efri-Vegamót ehf. - Vegamótastíg 9 - IS-101 Reykjavík - ICELAND
00 44 (0)75 6855 8029 - vegamotahus.is - vego@vegamotahus.is
