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Investment Property » For Sale » Spain » Costa Blanca » Parques Casablanca    

Parques Casablanca


Location

Spain
Costa Blanca
Moraira

Price

€251,000
to €535,000

Delivery date: Summer 2006
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Property ID: 78613


















     
 

 Description

Key selling points

  • Voted best apartment complex in Spain
  • Super luxurious, one of a kind residential development
  • Sea, open country and mountain views
  • State of the art electronic automation
  • Super secure gated complex
  • Cosmetic surgery complex on site

Make an enquiry for a link to full online video presentation

A unique, state of the art resort, offering all the comforts of hotel living yet providing privacy within your own home. A truly ambitious and prestigious resort where the utmost care has been given to detail and design. The specification of these homes is excellent each being installed with state of the art electronic automation and surveillance system, air conditioning, heating, a fully fitted luxury kitchen, tilt and turn quality windows, double glazing and security glass, electric blinds, fast internet connections, internal telephone network, mobile phone and satellite television. The greatest attention has been given to sound proofing and insulation

There are four blocks of homes which encompass its own leisure resort that comprises of three outdoor communal swimming pools with large terraces. The main building houses a restaurant and bar, spa, indoor swimming pool and sauna. There is also a health clinic that offers Reiki, massage and plastic surgery. A hairdresser and a supermarket complete the facilities. The entire complex will be a self contained neighbourhood which in itself will be a magnet for tenants.

The development places a strong emphasis on providing a safe environment for the residents with a gated entry and mainly a pedestrianised area. Consideration has been given to wheel chair users with extra wide doors within all the homes, easy wheelchair access into the shower and an emergency button that connects through to the main resort should you need it.

Every need has been catered for to make your stay comfortable making this an exclusive development that will command higher prices and should deliver higher than average capital growth. Located just 600 metres from the beach of La Fustera in Benissa and comprising of 82 homes ranging from one, two and three bedroom townhouses and apartments. When you enter one of these unique homes you will not fail to be impressed by the quality, style and design using top quality materials. 55 Independent British Architects, Surveyors and Journalists said “These homes and this technology are the best in the World”. The Daily Telegraph has awarded Parques Casablanca with the Gold Award for the Best Spanish Complex.

The developers also aim to keep their management fees to a minimum and also maintain an invested interested in the development hence an incentive to keep maintenance standards high.

La Fustera is a picturesque cove situated on the coastal road between Moraira and Calpe approximately 100 km north of Alicante and 100 km south of Valencia. Both Moraira and Calpe are incredibly upmarket and popular with tourists and foreign residents alike.

Understanding the value of this location is absolutely critical in understanding the value as an investment. The imposing mountains protect the area and create a unique microclimate and due to this effect the World Health Organization has declared this regions climate one of the healthiest anywhere in the world. Beaches, cliffs, coves and marinas make it a paradise for water sports, whilst golfers have the choice of a number of quality courses. The mountains and surrounding countryside also offer climbers, cyclists and trekkers a world of opportunity.

Airport
Alicante 45 minutes, Valencia 1hour

Road Link
AP-7 Motorway, National Road N332

Views
Sea View, open country and Mountain

Beach
La Fustera Cove 600 metres

Golf Course
Ifach is 5 minutes drive, Javea and La Sella both within 30 minute drive

Developer
Winners of multiple international awards for quality, innovation and automation

Stage of Construction - Penultimate Phase, price increase imminent in the region of 25%
Deposit Required - 40%
Balance Due - On completion
Anticipated completion - Summer 2006

Investment Strategy Suitability, our opinion
Suitable for all strategies and with up to 25% price increase imminent there is the possibility of selling before completion. We feel however that the real potential of this development is the likely capital growth to be achieved within the first 2/3 years after completion. Rental potential and likely rental income make this proposition highly viable even allowing for personal use of the property

Financial Example

Price of Apartment - €290,000 (+ 7% sales tax)
Reservation fee - €8,000 (+7% sales tax)
Balance of deposit - €108,000 (+7% sales tax)
Balance - €174,000 (+7% sales tax)

You will need to budget for an extra 3% to 4% in addition to the purchase price to cover fixed rate legal fees, Notary, Property Registration fees and bank charges for arranging the mortgage.
N.B. The above example has no contractual value and is for illustrative purposes only.

Expected holiday rental income

Peak season - €800.00 per week
Off peak - €350.00 per week

 
     
     
 

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