TERRAZAS COSTA DEL SOL, MANILVA

 

 

THE SECURITY OF A LEASEBACK INVESTMENT AND ATTRACTIONS OF A HOLIDAY RESORT

We offer you the opportunity to become the owner of a prestige apartment on the Costa del Sol in Spain. Whether you decide to holiday in your apartment or use it purely as an investment, we can respond to your personal needs, guaranteeing security and with no strings attached.

The developer manages and maintains your apartment and the entire resort, including the grounds and all the facilities.

The developer lets your apartment and pays you the rent net of service charges. This rent is guaranteed contractually, whether your apartment is actually occupied or not.

You choose from our flexible purchase packages, combining rent and holiday accommodation or pure investment.

 

TERRAZAS COSTA DEL SOL, BETWEEN THE SKY AND THE SEA

The architecture and landscaping are designed to re-create a real Andalusian village through the combination of shapes, concepts, colours, details and materials. The buildings, of varied design, mingle with plant varieties of different shades and scents, offering a series of experiences and atmospheres, taking their inspiration from areas of Andalusia.

The site is set around a large village square, a haven of peace planted with majestic palm trees. The contours form a natural amphitheatre around the village, with terraces, patios, ponds and fountains, natural and structured gardens, culminating in the fun pool and its terrace restaurant.

The aspect and views offered by this magnificent site overlooking the Straits of Gibraltar and the African coast give the village maximum exposure to the southern sun.

COSTA DEL SOL, MEDITERRANEAN WARMTH IN ANDALUSIA

Terrazas Costa del Sol is situated in an area called Bahia de las Rocas, in the district of Manilva, between Sotogrande and the La Duquesa golf course, approximately 50 kilometres from Marbella.

The proximity of some of the finest golf courses in Spain, marinas and polo fields attract families, children and senior citizens from all over Europe looking to relax and get away from it all.

Large numbers of tourists and investors appreciate the beauty of the location, its facilities and its three hundred days of sun per year.
From the glamour of Marbella to the charms of the villages of Ronda and Mijas, from Malaga to Estepona, this beautiful coast is the ideal place to combine holidays and investment, pleasure and security, the present and the future.

 

Terrazas Costa del Sol

Payment and Financial Structures

Off Plan Project-Rental Guarantees for 10 years

 

Bank Guarantees:         yes. In place and confirmed

Licenses:                       yes. In place and confirmed

Financials: The payment Schedule for the Terraza Costa Del Sol development as below:

Reservation Fees: 5% ûrchase price required immediately to reserve the unit and freeze price.

Deposit: 25% 1-2 Months after the initial reservation on signing of PPC (Private purchase Contract). A mortgage can be arranged to cover the 30%  deposit structure on private contract then revised on completion for new valuation.

Completion: 70% on completion by cash or revised mortgage, Summer 2008.

Rental guarantees: Rental revenues 4% paid annually. No additional costs to pay that are normally associated with normal rental ownership, no community charges, water, electric, insurance, etc.

Private use: Owner are allowed to use the apartments for varied periods of time that will reflect in the rental guarantees paid (more details on request)

*All prices are subject to IVA @7%.*

Basic Price’s: Terrazas Costa del Sol Nr. Sotogrande

 

Prices:

1 bedroom from 169.482 €

2 bedrooms from 181.810 €

3 bedrooms from 338.275 €

 

Payment Structure

Reservation 3.000 €

5% Deposit within 10 Days less 3.000 € reservation deposit.

25% 1-2 Months later at Private purchase Contract.

70% on completion, and signing at the Notary.

 

Example Finance Structure inclusive of IVA @ 7% (VAT) and fully furnished.

2 bed @ 194.536 € 30 % down payment 58,360 €. Balance 136.176 €

At completion (notary act) the remaining 70% 136.176€

By cash transfer, mortgage or alternative finance arrangements.

 

Example Mortgage on Balance of 136.176

Subject to Status

Capital & Interest

15 year Term               973,49 € - 671.37£  per month

20 Year Term              789,76 € - 544,66£  per month

Interest Only

                                   397,20 € - 273,93 £ per month

 

Rental returns approx. 4% depending on personal usage:

Example: property 181.810 €  x 4 %

7.272,40 € - 5.015,44 £ per annum (per month: 606.03 € - 417,95 £)

 

Exchange rate used is 1.45 € / £ Based on interest rate of 3,5 %