- Property For Sale
The current global financial climate has created an unprecedented opportunity to secure luxury properties at a fraction of peak selling prices and with very little money down. Using this knowledge, we have selected key projects in Europe where rental demand remains high, thereby ensuring income revenues can be used to help service any financing in place.
With prices more than 50% below peak selling prices, Murcia presents an ideal opportunity to take advantage of increased yields in the best developments. With the upcoming opening of the new international Corvera airport and the widely anticipated Paramount theme Park, Murcia is expected to recover much quicker than any other area of Southern Spain.
We have secured a exclusivity on a number of heavily discounted units in Murcia's most visited golf resort, the award winning La Manga Club.
Superlatives come easily when describing the resort - it really is a true world-class destination, which probably explains why so many famous sports personalities and celebrities holiday there.
There are 3 golf courses, a pitch and putt (designed by Seve Ballesteros), crazy golf, 8 football pitches, 28 assorted clay, astroturf and hard surface tennis courts, an on-site beach, too many swimming pools to keep track of, a beatiful hilltop spa, more than 20 upmarket bars and high quality restaurants, kids activities, community events and all the residential amenities you'd expect from somewhere so high profile.
Freehold units are being made available by La Manga Club in conjunction with the Spanish Bank who own the debt on the properties. The units are an even mix of studio and 2 bed apartments in blocks F, G and H, which are in an elevated position near the spa, with phenomenal views out across the whole resort. A small number of townhouses have also now been released.
An exclusive finance offer will be offered with
the following terms:
- 4% for 1 years, thereafter Libor + 2%
- Maximum 40-year term, with a maximum age of 75 on completion
- Up to 90% Loan-to-Value on the studio apartments
- Up to 100% Loan-to-Value on the 2 bedroom apartments
These are being offered at a huge discount to peak selling prices, and a total capital outlay of just 12,000 to 15,000 euros is needed in order to snap up this rare opportunity.
Owners are entitled to a 35% of gross revenue for Las Lomas Village, which is guaranteed by contract. The total income is pooled and then allocated to owners based on the relative floor space of the individual properties - the income is not linked to rentals for a specific unit. All operating costs for the fully serviced units are covered by the hotel management and not deducted from the owners' share of income, which is paid annually in arrears.
Owners at Las Lomas Village are entitled to 30 days usage per year at no cost. This allocation can be taken at any time except the 10 week high season (Easter, late July, August), during which time any days taken use up a treble allocation. Any amount of these days can be given to friends, family or private rentals.
Late Notice Bookings
Subject to there being vacancies, owners are permitted to make up to 11 late-notice bookings per year (one per month), each of which can be for a period of between 1 and 6 days. There is a nominal penalty on rental income for any late notice stays, but this is just a few Euros per night.
La Manga Club Card
Owners will get 2 complimentary years to enjoy the La Manga Club Card. This gives up to a 50 percent discount in restaurants and bars operated by the La Manga Club. 2 of these cards are granted per bedroom per property, so there are 2 cards for the studios and 4 for the 2 bedroom apartments. Cards cost 300 Euros per year after the 2 year period.
Annual Sports Program
Owners get a complimentary 1-year membership of the La Manga Annual Sports Program, which gives holders completely free use of the spa facilities and heavily discounted rates on the 3 golf courses, tennis courts and other sports and leisure activities. In normal circumstances, to be able to play one of Spain's top golf courses and 5-time host to the Spanish Open for just over 40 Euros would be a once in a lifetime opportunity, but for owners at Las Lomas, you can get the same deal every time you play.
La Manga Club has a permanent on-site real estate office that deals with re-sales both of residential properties on the resort and units within the hotel-managed areas of the site. With a constant flow of visitors that inevitably fall in love with the resort and a limited supply of property, exiting your investment at a sizeable profit is a realistic long term goal.