Distressed Sales in Spain
The current global economic climate has created a strong buyers market in Spain. Distressed property in Spain is now available at prices that were simply unobtainable just a few months ago with developers and vendors competing for the reduced volume of buyers. It is during times like these that intelligent investors and home buyers are able to take advantage and secure Spanish distressed sales that offer exceptional value for money and provide very strong mid to long term investment opportunities. It is important to remember that not all property sales in Spain currently represent a below market value opportunity, key factors such as location and quality are even more important with this type of purchase to ensure that you can realise profits gained with rental returns and / or a resale when the market begins to rebound.
Below we present Spanish distressed sales that represent true BMV (Below Market Value) opportunities.
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Puerto Banús, Marbella, Spain - 40% Below Market Value
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1 - Overview
This is a vary rare opportunity to take freehold ownership of a brand new luxury apartment within walking distance to Puerto Banus at well Below Market Value (BMV).
Puerto Banus is the jewel in the crown of Marbella and now one of the most famous luxury resorts in the World. Many of the worlds rich and famous own homes here and visit the beautiful port and its ultra cool bars, clubs, restaurants, golf courses and boutique shops frequently.
"Take advantage of the current economic climate and what is truly a once in a lifetime opportunity"
- Walking distance to famous Puerto Banus and all trendy beaches,
shops, bars & restaurants
- A quick and easy drive (35 mins) to the growing Malaga airport
- An ideal investment which is highly likely to increase in value
- Brand new complete apartments with all correct licences
- A very attractive rental proposition due to first class location
- Optional Property Management company in place
- Famous Costa del Sol climate allows for a relaxed outdoor lifestyle
- 70,000 m2 of gardens, sport facilities and exclusive private pools
- On site golf and surrounded by other world class courses
You can purchase an apartment today for less than a 30,000 EUR investment (exclusive of purchase costs)
2 - Development
Luxury apartments and penthouses with large terraces. The project boasts the best quality mediterranean gardens and onsite golf.
Location:
Only a 10-minute walk from famous Puerto Banús and 6km from downtown Marbella this development really is in a premier location that is difficult to match. The immediate area (Puerto Banus) is world famous and frequently referred to as a playground for the worlds rich and famous. The marina has 2 beaches either side and over 900 births where you can see some of the most impressive yachts in the world.
Developer:
The developer has more than 30 years experience building very successful, quality projects in diverse locations throughout Spain.
Apartments:
The apartment blocks are Mediterranean in design and consist of a lobby with private garden, 3 apartment floors and penthouses with large terraces. Each block has a lower level for parking. There are various property styles including 1, 2, 3 and 4 bedroom apartments.
Features:
- Wide common areas
- Large terraces
- Security access control
- Swimming pools
- Paddle and tennis courts
- Onsite golf
- Automatic video-intercom
- Cable TV
- 70.000 m2 of gardens
Rental Management:
A professional rental management company who has contracts with Thomas Cook and other large operators is confident of working with owners to achieve at least a 5% annual rental yield with inventory from this development.
3 - Image Gallery
Note: Clicking on an image in the slideshow above will popup a larger version of the image
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