Capital Gain with Guaranteed Income Opportunity
Property Options, based in Marbella, has sourced a select investment opportunity on Spain’s Costa del Sol. The Costa del Sol is regarded as being ideally suited for the property rental market. This region of Spain has the best climate of mainland Europe, low cost and frequent accessibility as well as a broad and excellent selection of freetime activities. The holidaymaker and ex-pat can choose to enjoy lively atmospheres and solitude. Spanish and north European culture are all close at hand.
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The developer chosen is a recognized firm with a proven track record of delivering on time and to specification. The projects are also covered by bank guarantees to further protect your investment.
Property Options has sourced seven apartments ranging from 47 and 49 m² (506 and 527 ft²) with prices from €142,819 to €154,199 (roughly £98,100 to £105, 950 rounded to nearest £50).
The opportunities represent real bargains being offered at below the market rate, equating to an immediate saving.
Property Options fees are paid by the developer. The cost of the property is the same whether the investor purchases through Property Options or deals with the developer directly.
A deposit of €5,000 will reserve an apartment. The remainder of 35% of the property value paid over the construction period. The property can be disposed of prior to completion for capital gain or retained for further capital growth. The apartments will be completed in summer 2006.
The Development
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The Location
The seven apartments sourced are situated within walking distance of the beach and all have sea views. The development is within minutes driving distance of the bustling towns of Fuengirola and Benalmadena. It enjoys excellent transport links and a varity of quality restaurants in the immediate vicinity. Malaga Airport is only 15 minutes drive and there are numerous golf courses close by. Other nearby attractions include Marbella (20 minute drive), Puerto Banus (30 minutes), Granada (ideal skiing location at two and a half hour drive).
The Development
The apartments are spacious studios and most include one underground parking space. Extra storage and parking can also be purchased. The development has a swimming pool and gardens, a restaurant and a gymnasium. It is very close to amenities and has excellent transport links.
The development will be completed in the summer of 2006.
The Investor Opportunity
A guaranteed annual income is available through a holiday lease company. The guarantee is for five years and can then be extended in two year periods. The income rises with local inflation according to the legally established IPC rate. The investor can choose to sell the property at any stage of the contract. The income is initially paid after six months and every three months thereafter. Depending on circumstances and interest rates obtained, this will cover financing on final payment.
The investor has the option to sell the property prior to completion and realize capital gain. Please refer to Risk Warning section of this website.
Property Options Offering
Property Options has sourced seven apartments with excellent investment potential. Spain is one of only two European countries experiencing significant growth in house pricing according to the Royal Institution of Chartered Surveyors (RICS). Furthermore, RICS expects this trend to continue for the foreseeable future. The main region of growth is the Costa del Sol. Within the Costa del Sol, Property Options has sourced apartments priced significantly below the market rate that are well appointed and centrally located to maximise rental potential and resale value.
Property Options is committed to providing the following services:
- Sourcing the property investment opportunity
- Attendance at legal meetings on behalf of the purchasers
- Liaising with the developer, solicitors and other parties involved in the transaction on the client’s behalf
- Dealing with any client queries regarding this purchase.
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The option is also available for Property Options to re-sell the property on the client’s behalf. The fee for this will be competitive.
Investors can confirm their intent by signing the ‘Confirmation of Intent’ form at the bottom of this page. Investors will sign legal agreements to secure the purchase and then pay deposits, fees and stage payments. On completion other fees including stamp duty will be payable. An example of the timeframes and funding requirements is outlined below.
Payment Schedule Example
| Apartment Reference | 214 | |
| Number of bedrooms | Studio | |
| Funded as follows | Date required | |
| Reservation | Immediate | €5,000 |
| Deposit | 30 days | €54,311 |
| Final Payment | Summer 2006 | 88,508 |
Click here to view the brochure
Please complete the following form indicating your level of interest and click on "Send Reply Now":
Is your money already tied up?
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Homebank has an EXCLUSIVE new 2 year discount mortgage at only 4.49% * |
(2 year discount followed by SVR of 6.94%) |
Thank you for your time. I trust you will find the offer attractive and I look forward to discussing this with you in the near future.
Regards
Ken Spencer
Director
Telephone: |
0034 952 902 525 |
Centro Comercial Platino, Urb. Hacienda Playa
Elviria. Ctra. de Cádiz km 192 Marbella
29600, Marbella, Málaga Spain
Fax (0034) 952 865 933
* YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. A broker fee - normally 1.25% of the loan required - may be payable. A valuation is required - typical cost for a house valued at £150,000 is £240. Your solicitor's fees may be payable - typical cost for standard remortgage: £495. Maximum loan to value: 80%.
Homebank Plc is authorised and regulated by the Financial Services Authority. The firm provides financial advice on regulated and non-regulated products. The FSA do not regulate Spanish mortgages.