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Spain

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Sierra Nevada

Price:   €167'000 - €390'000
Availability: Off-Plan August 2007
Type: 1 - 4 Bedroom Penthouses
Features: Championship PGA Golf Course
    Executive Club House
Rental Guarantees 2 - 10 years
Details
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Absolute investor’s dream! This is a fantastic opportunity to capitalise on the ever increasing property market in Granada.

This investment ticks every box. Payments Terrms 10% Deposit, nothing until completion (August 2008), 10 minutes from the airport ,10 minutes to Granada City, 30 minutes to the Sierra Nevada Ski Resort. Guaranteed rental income for up to 10 years. Every luxury you can imagine is conatined within this development.

The property market in Granada has been rising at 14% per year and is estimated to be around 13-14% in 2006.

These properties are appoximately 20% under market value.

Execellent payment terms with only a 10% deposit until completion.

This project comes with the choice of two rental schemes.

Guaranteed Rental - yield 5% - 2 - 10 years - Guaranteed by an insurance policy.

Variable Rental - yield 10 -15% - 2 - 10 years

This project will attract Local Residents and Holiday Makers all year round. These properties are exepected to be let 12 months of the year, making the maximum rental yield.

The Development

This Development has everything to offer. On-site the development consists of a 18 hole PGA Championship Golf Course, 5 Star Hotel, Leisure Centre, Spa & Health Centre, Horse Riding Centre, Bilingual College, Executive Golf Club, Lakeside Activities, Shopping Arcades, Restaurants, Bars and lots more.

The Apartments themselves are bulit to the highest standard, consisting of marble floors, lifts, high quality fiited kitchen and bathrooms. Under floor heating in bathrooms, hot and cold air conditioning, Central heating, large verandas, golf views or views of the snow topped Sierra Nevada mountains. The apartments are within a gated development with 24 hour security and CCTV. There is also a private secure garage, private store room and lifts within the apartment blocks.

There are two swimming pools in the centre of beautiful tropical gardens, and also a childrens playground.

Payment Terms
10% Deposit (Covered by bank Guarantees)
Nothing To pay until completion (Aug 2008)
10% On completion - 80% LTV Mortgage

Location

10 Minutes from the vibrant city of Granada

10 Minutes from Granada airport were you can take advantage of direct flights provided by every low cost airline.

30 Minutes to the Sierra Nevada Ski Resort, with 85 ski runs and everything you could imagine to enjoy from one of the best ski resorts in Europe.

40 Minutes to the beach.

10 Years Developer Guarantee

Bank Guarantee on all the capital paid into the project.

Insurance Policy to cover the guaranteed rental scheme.

Price List and Availability  
   
JJSmith Property Consultants    
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