Calas del Pinar |
Development Report:
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Description
A new generation of homes in which a team of experts in traditional architecture, interior design and craftsmanship, have recreated skilfully the style and the atmosphere of an old Mediterranean town. With exceptional architecture and a multitude of manual and even handicraft skills that coexist with the most advanced constructive techniques, gives as a result, a comfortable home that, we intend, reflects your personality.
In privileged surroundings and away from mass tourism, SAN JUAN DE LOS TERREROS”, in the PULPÍ municipality, is an old town once under the protection of its XVI century castle built by the king Felipe V to provide defence from the Berber pirates. Their small houses are scattered throughout the marine cliffs and hide on their north side a multitude of solitary crystalline water coves, and the impressive beaches of La Rabiosa and towards the south La Serena. This is still a rural zone set in surroundings of great beauty, therefore the height of the dwellings has been limited and green zones maximized to bring you a quality urban development.
Just a few meters away from these beaches and the town centre, , “CALAS DEL PINAR”, is exceptionally located on a natural elevation from which you can enjoy the lovely sea views and take advantage of the cool breeze which always blows during the hot lazy summer afternoons. In addition you will enjoy the privilege to be situated next to Los Terreros Golf Club, one of the best resorts in the Mediterranean and soon to be under imminent construction.
The proximity of the local coastal towns of Pulpí, Aguilas, Vera and the port of Villaricos only adds to the cultural, leisure, and shopping opportunities, that have made this coast one of the most picturesque enclaves of Andalucía.
Points to note |
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Location |
Map |
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Villas |
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| Prices From: | €190,000 | Prices To: |
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| Reservation Fee: |
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Build Size: | Various | |
| Mortgage Available: Yes - Please Enquire regarding mortgage options | ||||
| Investment potential: Excellent | ||||
| Completion Projections: actual phase on sale, summer 2008. | ||||
Building specifications:
Reinforced concrete
structure.
Air chamber below the house and
dividing floors with concrete blocks, 4cms thick
compression layer and iron net.
Double
external closing with hollow bricks, thermo-insulation
and cavity wall. 7cms thick interior bricks.
Dividing
external walls between houses with double bricks
and acoustic insulation.
Façade of
the house painted in different colors awaiting final
executive decision.
Sloping roof with brick
platform, compression layer and finished in curved
roof tiles.
Solarium floors with inclination,
thermic insulation, waterproof, concrete floor and
non-slippery ceramic floor tiles.
Interior
stairs in polished granit and artistic metal handrail
Main entrance door finished in wood and with security
locks.
Interior carpentry in wood finish (awaiting
final executive decision).
Built in wardrobes
in bedrooms, with one piece sliding doors and internal
separation shelf.
External door and window
frames in white aluminium and external roll away
aluminium blinds located in compact pvc compartments
Double glazed windows.
Grilles on all ground
floor windows.
Kitchen furnished with white
units; 75 litre electric boiler.
Wiring
according to r.e.b.t., built in semi-rigid tube and
switches and power points in white.
Tv
aerial.
Tv
point in each bedroom, lounge and outside porch area
Telephone point in lounge and main bedroom and cableing
in the other bedrooms .
Plumbing installation
with 1mm thick copper pipes.
White porcelain
bathroom units and crome tap fittings.
Top
quality wall and floor ceramic tiles.
Outside
areas paved in top quality rustic style gres.
Buena
vista plaster in the whole house.
Coving
on the ceilings.
Mat plastic paint in interior
walls and ceilings.
Vanity unit and fitted
mirror in bathroom.
Preinstallation of
a/c in lounge and bedrooms.
Paved driveway
in corner plots.
Communal pool and green
areas
N.B.: the builder is authorised to change any element the technical office considers neccesary , or the administration enforces; as well as to use any new materials as long as it does not affect the qualities or the built surface of the property.
Images & Plans:
(Click on any of the images to enlarge)
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Aerial view |
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Image 2 |
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Image 3 |
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Master plan |
Financials
Reservation Fee: 3,000.00 - Required immediately to reserve unit and freeze price
Deposit:30 % one month after the initial reservation on signing of PPC (Private purchase Contract).
Completion:70%
* All prices are subject to IVA @ 7%. See case study.
Mortgage Example
On a Calas del Pinar unit at a cost of €190 ,000 after paying the required 30% initial deposit investors will look to mortgage the remaining 70%. This results in a total mortgage value of €133,000 + 7% IVA = €142,310.
Interest Only Mortgage Option (30 years)
€142,310 could be placed (Subject to status) on an interest only mortgage at an example rate of 3.68% resulting in monthly payments of €436.42.
Capital Repayment Mortgage
Alternatively the remaining €142,310 could be placed (Subject to status) on a capital repayment mortgage over 30 years at an example rate of 3.68% resulting in monthly repayments of €653,41.
* Potentially mortgage repayments
can be off-set against property rental.
* Repayments shown are monthly
* LTV based on assumption that final valuation
on completion will be at least 5% more than the
purchase price
* On LTV´s where we have quoted balance
due, an amount up to 80% is available
* All loans are subject to status and age at the
time of application
* Your home may be repossessed if you do not
keep up repayments on your mortgage
** Please note that above information is intended for example purposes. For current accurate mortgage information please contact
Case study
Why is the Calas del
Pinar resort a good investment?
* 2 Bed Terraced from only €190,000
* Only 30% Required on Private Purchase Contract.
* Close to a future Golf Course.
* Many facilities including sports and shopping
centres.
* Close to the biggest residential project
MARINA DE COPE
* Underbuild area of the region. Big future
to the area.
* Two new big Marinas under construction near the
town.
With potential rental from
future Golf, and tipycal Spanish living lovers
extending the rental window to much of the year
and in addition to the amount of in-house facilities
this is sure to be a popular investment, generating
good capital growth and rental demand. Investors
will be interested in the excellent property prices.
Investor Protection:
* Building license in position
* Bank guarantee in position
Example Case Study:
- Investor X decides to purchase a 2 bed terraced on the Calas del Pinar development for €190,000.
- Initially he pays €3000 to reserve his prefered unit and to freeze the price. After around 30 days he signs the purchase contract (PPC) and is required to pay 30% of the value of the property. This amounts to €54,000(€57,000 - €3000 deposit already paid)
- The investor is also required to pay 7% IVA on the €57,000 (which amounts to €3990,00) making a total required payment of €60,990
- On completion of the property the remaining 70% + IVA of the value of the property is due and investor X seeks a mortgage over 30 years to repay this.
- Investor X decides to operate a "buy to let" policy and utilises the on site management company to manage the rental of his property while also advertising at local golf clubs to ensure he enjoys a high occupancy level and corresponding income stream.
* Please note that above
information is intended for example purposes
only. For more information regarding mortgage
options see example in Financials section of
this investors report or for current details
speak with your IPIN advisor or contact
More information:
