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Post by nickimcc on May 10, 2004 23:46:56 GMT 1
Has anyone any information or viewed the Lina Apartments in Lumbarda on Korcula as I am thinking about buying one?
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Post by Tom1 on May 11, 2004 20:36:36 GMT 1
Some apertemnts in this complex are permanently available to rent: might be a bit busy for my taste. But if you are buying with view to rent, this is than o'kay!
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Post by nickimcctom on May 12, 2004 20:23:15 GMT 1
Thanks for that information, have you stayed in these apartments?if so are they beside the beach, is the beach as nice as they say, is it a sandy one!are they near Lumbard village, we are buying with a view to renting it out as much as possible and we will use it ourself maybe once a year.I believe the apts are basic at the moment but are being done up in October.I would love to hear more of your comments, we are travelling over to Lumarda in June!
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Post by Graham - Bosmere on May 12, 2004 23:39:19 GMT 1
There are big plans for a lot of building deveopment in Lombarda according to the CNTO. Let us hope that the development does not spoil the quiet laid back nature of the village.
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Post by nickimcc on May 13, 2004 12:28:02 GMT 1
Thanks for that information Graham, we are buying for investment purposes only, and have beeen told we should get rental income for the season easily with the on site management company, I hope this is the case so maybe this new development you are talking about might make it a better place for rental income. The management fees we have been told are 35%, do you think this is normal for Croatia, are you familiar with The Lina apartments in Lombarda, I would love to hear from you again.
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Post by PeterE on Jun 2, 2004 22:08:52 GMT 1
35% is extremely high.
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