Description

The Sucina Country Club - Quality Townhouse's & Villa's at Apartment Prices! The Sucina development is situated at the traditional Spanish town of Sucina, just 15 minutes from the Blue Lagoon waters of Mar Menor and 15 minutes to the beaches of San Javier, on the Costa Calida.
Sucina is a truly unique investment opportunity. There is no Golf course actually on-site, but the resort is set equidistant between no less than FOUR new courses which are either in the midst of construction or completed already, all located within 20 minutes of the development. This means that not only do you have an excellent choice of courses within your reach, but you are not paying Golf Resort prices for your property, and the additional maintanence fees which having a course on site brings. The prices on the development speak for themselves...a.

Points to note Limited to 600 Units to maintain exclusive feel Outdoor Sporting facilities such as tennis courts & communal swimming pools Attached to Sucina, a typical country-side Spanish village 25 minutes to the city of Murcia 15 minutes to the beaches of the Costa Calida 15 minutes to the district Hospital 15 minutes to San Javier (Murcia) International Airport	The Village Weekly street markets Shopping Restaurants Parks Schools Medical Centre Pharmacy Banks & Post Office Local Police	Golf 1km - Peraleja Golf. 18 hole course. 1.5km - Hacienda del Riquelmie. 18 hole Jack Nicklaus designed course. 3km - United Golf Resort of Tercia. 9 hole course. 3.5km - Albaida Golf (coming soon)
Shopping Dos Mares Hypermarket at Lo Pagán (10 minutes) Major shopping centres at Murcia (25 mins) & Cartegena (20 mins) Local retail park in Sucina is at the planning stage	Natural factors 15,000 hectare National Park, Sierra de Columbares, also known as Spain's largest bird sanctuary, surrounds the Sucina development The Nature Reserve of Salinas in San Pedro del Pinatar is just 10 minutes away. The largest saltwater lagoon in Europe is at Mar Menor, 15 minutes from Sucina The Costa Calida is ranked as the Healthiest climate in the world, by the World Health Organisation
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Prices From:	€160,500.00	Prices To:	€356,000.00
Reservation Fee:	€3,000.00	Build Size:	Various
Mortgage Available: Yes - Ask an advisor for details
Completion Projections : Development due for completion June 2006
Completion Date : June 2006

Villa model types:

Clavel 2 Beds Built: 61,98 m2 Terrace: 10,04 m2 Solarium: 45,85 m2 Patio: 9,87 m2

Prices from 160.500 €

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Jazmín 2 Beds Built: 61,98 m2 Terrace: 10,04 m2 Solarium: 45,14 m2 Patio: 9,65 m2

Jazmín 3 Beds Built: 80,10 m2 Terrace: 10,04 m2 Solarium: 19,09 m2 Patio: 9,65 m2

Prices from 179.400 €

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Orquídea 2 Beds Built: 64,36 m2 Terrace: 8,01 m2 Solarium: 51 m2

Orquídea 3 Beds Built: 85,10 m2 Terrace: 8,01 m2 Solarium: 26,16 m2

Prices from 211.600 €

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Latino 2 Beds Built: 77,40 m2 Terrace: 7,09 m2 Solarium: 37 m2

Latino 3 Beds Built: 85,72 m2 Terrace: 8,76 m2 Solarium

Prices from 283.900 €

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Carthago 2 Beds Built: 79,45 m2 Terrace: 10,42 m2 Solarium: 47,10 m2

Carthago 3 Beds Built:104,02 m2 Terrace: 11,50 m2 Solarium: 22,24 m2

Prices from 322.100 €

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Financials

Reservation Fee: €3,000.00 - Required immediately to reserve unit and freeze price

Deposit: 30% payable 4 weeks after initial reservation (less initial holding fee)

Balance: 70% upon completion of property. Mortgages available upto 80% (Subject to Status).

Mortgage Example

On a Sucina Country Club unit at a cost of €160,500 after paying the required 30% initial deposit on completion investors will look to mortgage the remaining 70%. This results in a total value of €112,350 + 7% IVA = €120,214.

Interest Only Mortgage Option

€120,214 could be placed (Subject to status) on an interest only mortgage at an example rate of 3.68% resulting in monthly payments of €368.00.

Capital Repayment Mortgage

Alternatively the remaining €120,214 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 €551.97.

* Potentially mortgage repayments can be off-set against property rental - please speak with your IPIN advisor.
* Repayments shown are monthly
* 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

Case study

Why Is Sucina Country Club A Good Investment?

* Excellent value for money with 2 Bed townhouses from €160,500 and Villas from €211,600.
* Only 15 mins from the coast
* Development is set between 4 Golf courses creating golf rental demand.
* Development size is limited to create an exclusive feel
* Many onsite facilities
* Close to airport, hospital,beaches and golf. In village close by are shops and all required amenities.
* Beautiful salt water lagoon and nature parks surround the development.

Example Case Study:

1. Investor 'X' decides to purchase one of the 2 Bedroom Clavel Townhouses at Sucina Country Club for the base price of €160,500.00
2. Investor is required to pay a reservation fee of €3000 to secure the unit and freeze the price immediately.
3. After approx 30 days the investor is required to pay 30% of the property value (less the €3000 already paid). 30% = €48,150 + 7% IVA =  €51,520.5 (less €3000 reservation fee already paid = €48,520.5.
4. On completion of the property investor 'X' looks to mortgage the remaining 70% (See Financials below for example mortgage situations).
5. Investor 'X' decides to go with an Interest only mortgage on the balance of €120,214 resulting in monthly mortgage payments of €368.
6. After 5 years investor 'X' looks to sell his property. In 2004 / 2005 property values appreciated at a rate of around 25% in this reigon but if we estimate a conservative figure of 15% per annum over 5 years then the value of investor 'X' property would be around €280,000. Along with the rental profit over the 5 years amounting to €3,609 x 5 =  €18,045  Investor 'X' has made a profit of €137,545.

More information:

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