1 Bed Apartment for sale

Torremolinos, Malaga, Andalucia, Spain

£123,413

 [€138,000]

Property Details

  • Bedrooms: 1
  • Bathrooms: 1
  • Habitable space: 68 m2

Features

  • 6% GUARANTEED RENTAL RETURN
  • Superb location
  • Onsite restaurant
  • Great investment
  • 830 metres from beach
  • Easy walk to all amenities
  • Sea views
  • 24 hour reception

Full Description

**PRE RELEASE OPPORTUNITY AND GUARANTEED RENTAL INCOME - PRICES FROM €98,000 TO €195,000**

These great value apartments are situated within a superb location just 830 metres from the beach in Torremolinos. The development is literally a few minutes walk from all basic amenities, the beach and local train station, making it absolutely ideal for anyone wishing to live life without a car or any investors looking for a high rental return and capital growth.
The community comprises of just 38 bright and spacious apartments with 1 or 2 bedrooms, all of which have been designed in a contemporary style with top quality fixtures and fittings. Outside there is a great swimming pool, a children’s pool and a lawned recreation area, and inside there is a fully manned 24 hour reception, an indoor restaurant, sauna, laundry area and a games room.
A superb opportunity in a great location!

• Completely refurbished in a contemporary style, with 1 or 2 bedrooms.
• Bright, spacious and welcoming rooms with top quality fittings.
• Sea views from many units.
• Communal areas with a reception.
• Fabulous swimming pool and Children's pool.
• Onsite sauna, restaurant, laundry room
• Indoor and outdoor recreation area

RENTAL SCHEME OPTIONS - SCHEME 1:
• Guarantee of 6% of purchase price over the first 5 years as from the date of completion.
• Right to use the apartment (only paying for services, i.e. laundry and maid service) for up to 4 weeks a year (2 weeks between November and March and 2 weeks between April and October, but not during July or August).
• Any stays above the 4 week stipulated period of use (and outside July and August) will be charged at 20% of the normal rental, plus costs of cleaning, electricity, water, etc.
• Costs to be met by owners are: community fees, property tax (IBI), rubbish collection, apartment general repairs.
• Costs to be met by operating company: electricity, water and replacement of day to day household breakages.
•Owners must purchase a set furniture pack in order to enter the rental scheme, prices are €11,500 for a one bedroom and €13,500 for a two bedroom apartment.

RENTAL SCHEME OPTIONS - SCHEME 2:
• The management company will organize rentals, if required, for a commission of 20% of the rental income.
• The right to use your apartment throughout the year and to come and go as you please.
• Costs: all costs will be met by the owner, including property tax (IBI), rubbish collection, community fees, electricity, water, reception service, maid service, replacement of day to day breakages and all repairs etc.

Community fees - 1 bedroom fees range from €84 to €92 per month. 2 bedroom apartment fees are €136 per month.


PLEASE CONTACT CHESTERTONS AFFINITY FOR FURTHER DETAILS.

About Us

Chestertons affinity are a unique AIPP and REAS registered and fully regulated real estate agency located in the heart of the Costa del Sol, with just under 80 offices located in 13 countries around the world. Our Marbella office is situated in Puerto Banus, and we pride ourselves on finding the right property or investment for our valued clients. Having specialised in the resale property market for over a decade, we have seen the boom and crisis years on the coast, yet managed to react with market conditions and have successfully sold to over 1500 satisfied clients since 2007.

Feel free to visit our Puerto Banus based office and discuss your property requirements with any of our qualified staff, most of whom have over 10 years experience selling property in both Marbella, London and the Middle East, and with this market knowledge we will assist you in finding your perfect property here on the southern coast of Spain.
Please beware of agencies claiming to "have all the properties on the market" and who will "pass you to a specialist in Spain" - call our team or request a call back and we will explain exactly how the property market works in Spain. We have one of the largest 'sole agency' portfolios on the coast, and will show you many properties that only our office have access to.
As a buyer you should feel at ease with the agent you choose, remember that buying a home is a massive investment for anyone, and using the right agent is key to any purchase you make, be it a €50,000 studio or a €36,000,000 villa!

AIPP - Chestertons affinity are a fully approved member of the Association of International Property Professionals, and comply with their principles of honesty, transparency and integrity. The AIPP is the industry body for the international property market. AIPP members voluntarily agree to follow a professional code of conduct.

REAS - We are one of the founding members of the Real Estate regulatory body, REAS (Real Estate Association of Spain). Formed during December 2014, REAS aims to regulate the southern coast's Real Estate industry with all members needing to meet a strict qualifying criteria giving you, the consumer, rights and guarantees when making your property purchase (or sale) in Spain.

At Chestertons affinity we specialise in offering a tailor made property sourcing service to a client base from around the globe. We operate with a small team of specialists and benefit from a massive combined experience in the property market on the Southern coast of Spain, which means we have been through the boom and the bust of the property cycle in southern Spain - we have the experience to advise you on making a safe and sound purchase here on the coast.

We have been established in the Spanish market for over a decade, and have built up the contacts, the properties and the insider knowledge that can only be gained from giving outstanding service and finding our clients their dream home or investment. We rarely advertise in the local press, or anywhere else to be frank, we simply operate by recommendation. Over the years this has become an integral part of our business and we consider our clients to be friends, we often get invited round for a celebratory drink once they have moved into their new home, something we like very much about our jobs!

Chestertons affinity will present to you properties from a number of agencies as well as our own, ensuring that you never experience the "square peg and round hole" syndrome, which is often synonymous with many other agencies operating along the coast. If we don't have the property you are looking for we will work as an independent property finder just for you, ensuring we source the exact property for your requirements, all at no cost of course.

When making a purchase in a foreign country we understand your need for reassurance, information, and most importantly, time. Chestertons affinity will not create false urgency to push a client into a sale. As we touched on earlier, the majority of our clients come from referral and we value the importance of a good reputation. You will buy when you are ready to buy, and Chestertons affinity will be there to assist you all of the way. We believe that once you become our client you will remain our client, forever.

We know the importance of having a friend at the end of a phone to assist you. We offer assistance in the following areas: legal, financial, furnishing, renovation, rentals, bank account set up, schools, and will try to help in any other way that we can - just ask!

Our offices are located in the heart of Puerto Banus, Marbella. If you would like to meet any of our team for a coffee to discuss buying or selling a property, please call us on (+34) 952812897, (+34) 661383880 or (+34) 666 919135, or alternatively take a look at our website where you can meet the Marbella Team and discover more about Chestertons worldwide.


Are you selling your property in Spain?

If you are considering selling your property in Spain please speak to our Puerto Banus team. Our listings department will handle the entire sales process on your behalf - we do not charge any listing/marketing fees, and you can be assured that your property will be marketed throughout the
This property listing (ref: R2740844/R2740889) is an advertisement supplied by Affinity Humberts and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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