BRAND NEW DEVELOPMENT FROM 98.000 1-3 BEDROOM & PENTHOUSES LARGE TERRACES & EXTERIOR GARDENS BEST VALUE FOR MONEY IN COSTA DEL SOL HIGH QUALITY APARTMENTS WITH AC INSTALLATION UP TO 80% FINANCE AVAILABLE
WELCOME TO OUR DEVELOPMENT Perfectly located between Estepona and Puerto Banús, the development offers high quality finished apartments and penthouses, all enjoying spacious terraces and outside areas. Facilities include two outdoor pools, a paddle court and barbecue area, all set in beautifully designed and excellently maintained gardens. REASONS TO BUY Convenient location All facilities needed Unbeatable prices Best developer credentials Located less than a 10-15 minute drive from both Puerto Banús and Estepona, we are also a 2 minute ride to the beach and walking distance to a 9-hole golf course. All the amenities one would need are less than a 5-10 minute drive including bars, restaurants, shops, supermarket, a medical centre and petrol station. Buyers are offered a wide variety of facilities within the development complex including 2 external pools, 1 paddle court and a barbecue area with furniture to host large dinners. Towards the rear of the development there are plans to build a hotel which will offer further facilities. The nearby Golf & Country Club has a café restaurant open all year round. With prices starting as little as 98.000 for a 1 bedroom apartment, this development offers the best prices in the area. With asking prices starting at ca. 1,300 EUR/m 2 internal built and above, this is not only a great option from a lifestyle point of view but also a sound investment. Prices are expected to go up considerably in future phases. The project is being developed by a solid team of local partners and Scandinavian investors. This is one of the very first large developments to receive fresh financing in the Costa del Sol after the crisis, reflecting the strong credentials of the development team. Buying here means buying into a secure and well managed property. Excellent financing conditions Scandinavian buyers 70% LTV, Euribor 1 year + 2.50%, 25 years Spanish and residents 80% LTV, Euribor 1 year + 1.70%, 30 years
SITE PLAN BLOCKS FOR SALE 3-4-5 6-7 8-9-10 11-12 FUTURE HOTEL TO SEA BLOCK 1-2 BLOCK 3-4 - 5 PHASE 2B PHASE 1 BLOCK 6-7 PADDLE COURT PHASE 3 BLOCK 8-9 - 10 GARDEN AREA PLAYGROUND AREA PHASE 2 GOLF VIEWS POOL AREA GOLF VIEWS BLOCK 11-12 TO ESTEPONA, PUERTO BANUS & BEACH GARDEN AREA PHASE 2A BBQ AREA MAIN ACCESS GOLF VIEWS TO GOLF COURSE
THE DEVELOPMENT FEATURE SPACIOUS TERRACES IN EXCESS OF CA. 40-50% OF THE INTERNAL AREA BUILT *Pictures show the current state of the construction for information purposes not the final product
APARTMENTS HAVE WIDE VIEWS OF THE NEARBY 9-HOLE GOLF COURSE *Pictures show the current state of the construction for information purposes not the final product
OPTIONAL FURNITURE PACKAGES The development offers three different furniture packages to its buyers TRADITIONAL MODERN NORDIC FURNITURE PACKAGES 12.000 for a 1 bed 15.000 for a 2 bed 18.000 for a 3 bed *prices do not include 10% VAT What is included in the 2 bedroom: Living/Dining room set: 3 seat sofa with 2 cushions, armchair, floor lamp, coffee table, side unit, living room ceiling light, carpet, dining table with 4 chairs, dining table ceiling light and curtains Main bedroom set: Double queen size bed, bedspread, bed cushions and pillows, 2 night tables, 2 bedside lamp, ceiling light, carpet, curtains and mirror Second room set: 2 twin beds, bedspreads, bed cushions and pillows, 2 bed shelves, 2 wall bedside lamp, ceiling light, carpet and curtains What is included in the 3 bedroom: Living/Dining room set: as in the 2 bedroom and with extra 2 chairs in dining table Third room set: Double queen size bed, bedspread, bed cushions and pillows, 2 bed shelves, 2 wall bedside lamp, ceiling light, carpet and curtains What is included in the 1 bedroom: Living/Dining and main bedroom set: as in the 2 bedroom
traditional WORK IN PROGRESS* NEUTRAL COLOURS WITH PREDOMINANTLY BROWN FURNITURE AND RUSTIC WOODEN FINISHES *Pictures show the current state of the construction for information purposes not the final product
MODERN WORK IN PROGRESS* NEUTRAL COLOURS WITH PREDOMINANTLY BLACK FURNITURE AND METALLIC FINISHES *Pictures show the current state of the construction for information purposes not the final product
NORDIC WORK IN PROGRESS* NEUTRAL COLOURS WITH PREDOMINANTLY DARK BLUE / GREY FURNITURE AND CLEAN WOODEN FINISHES *Pictures show the current state of the construction for information purposes not the final product
ADDITIONAL PACKAGES ELECTRICAL APPLIANCES & STORAGE PACKAGES 8.500 for a 1 bed 10.000 for a 2 bed 10.000 for a 3 bed What is included in the 2 and 3 bedroom: Fridge, dishwasher, microwave, washing machine, AC machine, bath and shower screen, cabinet storage in both bathrooms and cabinet storage in washing room. What is included in the 1 bedroom: As in the 2 and 3 bedroom, but with bath screen and cabinet storage only in the single bathroom. *prices do not include 10% VAT TERRACE PACKAGES 10.000 for a 1 bed 12.000 for a 2 or 3 bed 15.000 for a ground floor apartments What is included in the 2 and 3 bedroom: Natural exterior wooden floor, dining table with 4 chairs with cushions, sun shading, barbecue, 2 sun lounges with cushions, side table and shower. 3 bedroom apartments include 2 extra dining chairs. What is included in 1 bedroom: As in the 2 and 3 bedroom, but with only the option of either the 2 sun lounges with cushions and side table or the dining table with 4 chairs with cushions. What is included in ground floor apartments: As in the 2 and 3 bedroom and also with a grass area and plunge pool. All apartments include a built in kitchen with stove, oven and extractor fan, built in wardrobes in all bedrooms and ceiling lights in corridors and bathrooms. *prices do not include 10% VAT
ACQUISITION COSTS & YEARLY EXPENSES The numbers below only represent an estimation Acquisition and financing costs percentages are only provided for information purposes and they might vary slightly depending on purchase price and mortgage For corporate acquisitions VAT conditions might vary depending on the transaction ACQUISITION COSTS VAT 10% Notary title deed 0.65% purchase price Stamp duty title deed 1.50% pp Legal costs (add 21% tax) 1.00% pp COMMUNITY AND TAXES Community 1.5 EUR/m 2 month Property tax 0.52% cadastral value per year Waste collection tax 0.1 EUR/m 2 month FINANCING AND COSTS Financing (25 yrs, EURIBOR 1 yr + 2.50%)* 70% Opening costs 1% mortgage Notary financing 0.65% mtg Stamp duty financing 0.50% mtg Monthly payment (principal + interest) 440 EUR/ month Insurance (housing + life) 650 EUR/ year *Available financing from Bankinter: STANDARD 2 BEDROOM ( ) 135,000 purchase price 13,500 878 2,025 1,634 153,036 Total STANDARD 2 BEDROOM ( ) 1,800 550 120 2,470 Total per year STANDARD 2 BEDROOM ( ) 94,500 945 614 473 2,032 Total 5,280 650 5,930 Total per year Total acquisition cost 155,068 (acquisition + financing) Total cost-per year 8,400 (community + taxes + financing) For Scandinavian and Swiss 70% LTV, 25 yrs, EURIBOR + 2.50% For Spanish and residents 80% LTV, 30 yrs, EURIBOR + 1.70% Other nationalities 60% LTV, 25 yrs, EURIBOR + 3.75%
RENTAL PROJECTIONS Long term rent estimated as an average at EUR 600/month* Short term rent estimated as an average at EUR 600/week for 15-20 weeks per year* Rental costs to be confirmed by the rentals company* Gross yields calculated on a base average price per unit of EUR 135k LONG TERM RENT MONTHLY RENT NUMBER OF MONTHS YEARLY RENT GROSS YIELD 600 12 7,200 5.34% SHORT TERM RENT WEEKLY RENT NUMBER OF WEEKS YEARLY RENT GROSS YIELD 600 15 9,000 6.67% 600 20 12,000 8.89% *Rents based on market comparables and awaiting for confirmation from rental manager
PAYMENT CONDITIONS 10% of purchase price upon reservation 90% remaining when the units are completed DEVELOPMENT IS 85% BUILT WITH COMPLETION EXPECTED END OF SEPTEMBER