Description

There are tour large bays (Poniente, Levante, El Hornillo y Calabardina) and thirty-five beaches on the coast of Aguilas, where we have created an enormous viewpoint to the Mediterranean Sea, an excellent enviroment for your enjoyment and well-being. The “Collado Resort” apartments have been built with the utmost care, the finest and innovate materials with communal areas such as pools, gardens, promenades, etc.
Thanks to an extraordinary network of access routes (airports, motorways and dual carriageways) we are just a stone´s throw from Aguilas and Lorca, touristic and modern cities wich possess a cultural richness, and are famous for their history and monuments. There you will find all the services you need, such as hotels, camping sites, health centers, hospitals, shopping centers, cafes, cinemas, restaurants, leisure centres, etc.
Its neighbouring region is that of Almeria, a natural protected landscape of unequalled beauty. And the most important factor is that you can enjoy a tempeate, constant microclimate throughout the entire year, wich is perfect to carry out sports such as mountain climbing, hiking, scuba diving, water sports, etc.

All in all, THIS IS A PARADISE WAITING TO BE DISCOVERED!!!

Points to note 270 properties between apartments, townhouses and villas. 9 holes pitch and put. Golf Course projected in future close to the development. Health Centre Private sports centre for residents with tennis, paddle tennis, and basketball courts as well as a five aside football pitch. Small boutique style shopping centre with carefully selected businesses to cover all basic needs of residents.
Location Aguilas, Murcia region – Costa Cálida 5km to mediterranean beaches. Golf Course projected in 3km distance.	Map
Apartments 2 bedroom apartments and penthouses. Ground floor will have sole use of garden areas in front. Penthouses will enjoy sole use of solariums. Garage or parking space included in price. Communal gardens and pool areas

Prices From:	€150,000	Prices To:	€200,000
Reservation Fee:	€3,000.00	Build Size:	Various
Mortgage Available: Yes - Please Enquire regarding mortgage options
Investment potential: Excellent
Completion Projections: finishing 2008. Complete complex

Images & Plans:

(Click on any of the images to enlarge)

	General view
	View 1
	View 2
	View 3
	Plan 1
	Plan 2

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 Collados unit at a cost of €150,000 after paying the required 30% initial deposit investors will look to mortgage the remaining 70%. This results in a total mortgage value of €105,000 + 7% IVA = €112,350.

Interest Only Mortgage Option (30 years)

€112,350 could be placed (Subject to status) on an interest only mortgage at an example rate of 3.68% resulting in monthly payments of €344,54

Capital Repayment Mortgage

Alternatively the remaining €112,350’00 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 €515,85.

* 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 Collado resort a good investment?

* 2 Bed Apartments from only €150,000
* 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 in 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:

1. Investor X decides to purchase a 2 bed apartment on the Collados development for €150,000..
2. 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 €42,000(€45,000 - €3000 deposit already paid)
3. The investor is also required to pay 7% IVA on the €45,000 (which amounts to €3150,00) making a total required payment of €48,150.
   
4. 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.
   
5. 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:

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