Real Estate Agent
Situated on a champion golf course in the area of Estepona, on the Costa del Sol is the opportunity to acquire two-bedroom, two-bathroom, new and fully furnished apartments. All apartments have ample terraces with sea views and/or views onto the golf course and surrounding greenery. The safest and most stable product of all time. A unique investment to safeguard your capital and guarantee you an annuity, revaluation and multiple benefits.
A HIGHLY PROFITABLE INVESTMENT
FREEHOLD AND FULL OWNERSHIP
+7% FIXED ANNUAL RATE, GUARANTEED FOR 3 YEARS
A LOCATION OF EXCELLENCE AND PRIME DESTINATION
A FULLY MANAGED RESORT WITH A BRAND NAME AND 5* RESORT
FACTORS THAT DETERMINE A UNIQUE INVESTMENT
A fully owned property. New, spacious, furnished and ready to use and in an exclusive residence.
Around 1,000 €/m2. The property is being sold below market price, the estimated value of the property in this area is around € 1800/m2.
ZERO LIVING COSTS: Utilities, maintenance and insurance of the property are covered by the Resort Manager, who will
take care of the property when the owner is not using it. The property also benefits from a strong tax advantage.
LOCATION AND REVALUATION: situated in Estepona, in the heart of the Costa del Sol, the apartments are just a short walk from the
beach and the city centre. Thanks to the location, its a prime destination and all the services are included, the property enjoys a constant market revaluation. (Revaluation year 2018-2020: + 28%)
AN EXCLUSIVE CONDOMINIUM: Located in a 5-star resort, the apartments are part of a resort with the services and infrastructures of a luxury hotel. with a reception and 5-star facilities.
RETURN ON INVESTMENT+21% GUARANTEED: A fixed annuity of 7% guaranteed for 3 years. In subsequent years, a stable and solid variable thanks to the inclusion in the hotel’s rental programme.
Early redemption profit from a large part of the three-year income: 15% paid directly on the purchase of the apartment. The remaining 6% divided over the first 3 years with a balance of 2% per year.
The apartments are new and ready to use. They are located in Estepona, in the province of Malaga, in the heart of the Costa del Sol. The particularity of these properties is the synergy with the receptive structure, a 4-key Golf & Beach Resort, the highest category in the classification of resorts, corresponding to 5 stars. The Resort offers individual investors the chance to become the exclusive owners of the units by purchasing new, spacious apartments. The key to the investment is the combination of the condos and the hotel. the purchaser has full ownership of his property and at the same time enjoys the services of the hotel, including the management of reception activities.
Known as the ‘Condotel’ formula, it is currently the investment with the most benefits in terms of buying a second home. the property is in the ideal place to spend
dream holidays and at the same time it is a property that generates a profit; it has no living costs and therefore creates no worries for the owners. Each apartment is part of the hotel’s Rental Program, which is supported by the management when the owners are not using it.
Apartments come with all comforts, they are large in size with plenty of light and large terraces to admire the splendid views. They are modern and built to the highest quality standards. They come fully furnished completely accessorised. The kitchens are equipped with A++ appliances inclusive of the refrigerator, dishwasher, washing machine, microwave, electric oven. Bedrooms come fully furnished, bathrooms fully complete, external furniture for the terraces. The apartments are all equipped with hot and cold air conditioning, wifi in optical fibre and tv’s.
WHAT DOES THE INVESTMENT CONSIST OF?
The purchaser becomes the sole owner of his apartment by means of a public writ registered by a notary public. The flat is acquired in full ownership.
The apartment is complete “turnkey”: fully furnished and equipped and with all utilities.
Each owner is free to resell the flat when he wants and at the price, he decides giving prior notice to the Resort.
The owner can use his apartment when he wants, agreeing with the Hotel Manager a calendar of events, a timetable defining the dates of availability of his apartment which excludes high season dates (normally from October to May).
The owner receives an annual income from his property, without having to spend time managing it, the hotel manager will take care of everything.
The annual income is fixed for the first 3 years and variable in the following years.
The variable income is safeguarded by the “Hotel Rental Pool”, i.e. it does not depend on the rental of the individual apartment but on the total occupancy of the hotel.
Owners and Hotels are in Profit Sharing and divide the income in the following percentage: 80% of the revenue to be divided between the owners, 20% for the Hotel Management.
The costs for the reception activity such as utilities, cleaning, insurance and maintenance of the building are covered by the hotel.
Thanks to the combination Hotel + Property Unit, the owner benefits from the services and infrastructures of the Resort. Reception, security, gym, swimming pool, spa and much more.
The apartment is listed in the “tourist apartment” category, i.e. it cannot be used as a first home for tax purposes. Thanks to this the property benefits from important tax advantages.
Price from € 124,500 to € 158,000
SURFACE from 112 to 124 m2
LIVING ROOM – KITCHEN – 2 BEDROOMS – 2 BATHROOMS
LARGE TERRACE – GARAGE – CELLAR
Resort services and infrastructures:
24/7 reception, 18-hole golf course, 3 swimming pools, gym, spa, paddle court, clubhouse.
Kids-Club, Restaurant, Cafe Area, 24/7 Security and surveillance 24/7, Ship and Transfer Services, Golf School, Green Areas with pedestrian crossings and countless other services
The apartments are located a stone’s throw from the centre of Estepona, on the Costa del Sol, Andalusia. A world-renowned destination in the prestigious “Golden Triangle” of the Costa del Sol.
Just 40 minutes from Malaga Airport. A focal point for visiting all the wonders of Andalusia. The Costa del Sol has a unique climate, always exceptionally mild, with 320 days of sunshine a year;
150 km of free beaches; the highest concentration of golf courses in the world; destinations for relaxation and entertainment; an extensive and efficient road network; and the valuable cultural and environmental of Andalusia make this corner of southern Spain a tourist destination of excellence 365 days a year. Two highlights for golf enthusiasts:
1) The apartments are located on the first line of a famous 18-hole golf course.
2) The resort is home to the prestigious ‘Jason Floyd Academy’ golf school.
The real estate market in Spain has been growing steadily: an average of 6% per annum over the last 25 years, a value that has continued to increase despite the economic crises in recent times. The average revaluation of property on the Costa del Sol is the highest throughout Spain even higher than in “prime areas” such as the Costa del Sol, Madrid and Barcelona…
Year Of Construction
Size In Mq
Private Parking Space
Sea Views and Golf Course
Energy Performance Certificate Class