Hacienda La Puebla |
Development Report:
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Description
Hacienda La Puebla is a residential
complex located in the municipal area of La
Puebla, 45 kms from Murcia, the region's capital.
Here you can find economical apartments near
the beach, golf and airports.
Located close to
Torre Pacheco, you will be placed in only 2km
distance of Polaris World Marmenor Resort,
the nearest golf course.
Apart of this one, this
complex is located in less than 15 minutes
driving to 5 golf resorts.
In less than 15 minutes
you will arrive to the San Javier International
Airport.
Beaches of Mar Meor are in less than
10 minutes, so…
IS POSSIBLE A BETTER LOCATION WITH THIS PRICE???
Points to note |
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Location |
Map |
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Apartments |
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| Prices From: | €122,000 - Ground Floor Apartment | 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: Summer 2008. | ||||
Building specifications:
Reinforced concrete structure.
Air chamber below the house with dividing floors,
concrete blocks, 4cms thick compression layer and
iron net.
Façade of the house painted
in a light colour and exterior skirting board built
in natural stone around ground floor properties.
Slopping
roof with brick platform in brown colour, compression
layer and finished in curved roof tiles.
Double
brick walls with insulation cavity.
Outside
and inside areas paved in top quality tiles.
Exterior
door to property in white lacquered steel with security
lock.
Double glazed windows with frames and
blind shutters in brown aluminium or p.v.c.
Interior
wood carpentry lacquered in white wood.
Built
in wardrobes in bedrooms, with one piece sliding
doors and internal separation shelf.
White
porcelain bathroom units and chrome tap fittings.
Vanity
unit and fitted in mirror at on suit bathroom.
TV
and telephone points in each bedroom and lounge.
Kitchen
fully furnished with lacquered white units, granite
work surface and white goods (fridge freezer, washing
machine, extractor fan, ceramic hob and oven).
75
litres electric boiler.
Pre-installation of
a/c in lounge and bedrooms.
Security grilles
on all ground floor windows; in penthouses on windows
facing exterior access.
Plastic paint in interior
walls and ceilings.
Solarium area on penthouses
with water and electricity points.
Exterior
stairs polished in granite grey colour with rustic
balustrade painted black.
Underground parking
space included in the price.
Private residential
complex with intercom.
Communal pool and spacious
green areas.
N.B.: The builder is authorised to change any element that the technical office considers necessary, 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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Ground floor apartment plan |
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First floor apartment plan |
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Apartment floor general plan |
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Ground floor general plan |
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Under ground general plan |
Financials
Reservation Fee: 3,000.00 - Required immediately to reserve unit and freeze price
Deposit:40 % one month after the initial reservation on signing of PPC (Private purchase Contract).
Completion:60%
* All prices are subject to IVA @ 7%. See case study.
Mortgage Example
On an Hacienda La Puebla unit at a cost of €122,000 after paying the required 40% initial investors will look to mortgage the remaining 60%. This results in a total mortgage value of €73,200 + 7% IVA = €78,324.
Interest Only Mortgage Option (30 years)
€78,324 could be placed (Subject to status) on an interest only mortgage at an example rate of 3.68% resulting in monthly payments of €240,19.
Capital Repayment Mortgage
Alternatively the remaining €78,324 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 €359’62.
* 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
Investor Protection:
* Building license in position
* Bank guarantee in position
* On site management and rental office
Example Case Study:
- Investor X decides to purchase a 2 bed apartment on the Hacienda La Puebla Resort for €122,000.
- 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 40% of the value of the property. This amounts to €45,800(€48,800 - €3000 deposit already paid).
- The investor is also required to pay 7% IVA on the €48,800 (which amounts to €3,416) making a total required payment of €52,216.
- On completion of the property the remaining 60% + 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:
