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New Golden Mile Villas

485,000

Description

Investment opportunity halfway between San Pedro de Alcantara and Estepona (known as New Golden Mile, Municipality of Estepona).
BUILDING LICENSE GRANTED for the first units, for further units the building license will be granted on a current basis.

Option A:

We have 2 options available for INVESTORS
Option 1
The investor pays 200.000€ + 21% VAT for the plot, which is transferred over in their name at the Public Notary. To reserve the plot from the market the investor pays 10.000€, which is non-refundable.
Developer contributes with the project, licenses and the construction, including building costs.
When the villa is completed, it comes up for sale obligatory. The investor cannot take use of the property. The net profit is split 50/50 between developer and the investor.

Option 2
The investor pays 200.000€ + 21% VAT for the plot, which is transferred over in their name at the Public Notary. To reserve the plot from the market the investor pays 10.000€, which is non-refundable.
The buyer bears all costs for the construction.
Option to take on mortgage from developer with term up to 25 years from the developer (pending of age of client)
The buyer can keep the property after completion

OPTION B
We have 1 option available for END USERS
Payment terms:
30% DOWN PAYMENT + VAT (with bank guarantee), 70% + VAT upon completion.
PRICES:
SOUTH ENTRANCE: 735.000 €
NORTH ENTRANCE: 765.000 €
CORNER PLOTS: 795.000 €

THE VILLAS

Identical design of 165m2.
3 bedrooms, 2 bathrooms over 2 levels.
In addition all units will have a raw basement of approx. 50m2 included in the price. Expect 25 – 35,000 € to finish it, pending on the use obviously.
The kitchen is semi-fitted.
Pool included in the price.
1 private parking space for each unit.

Buying costs:
Plot + 21% VAT
Building costs + 10%
Notary- & registration fees
Duty stamp tax 1,50%
Lawyer’s fees 1,21%

After completion on the purchase of the plot at the Public Notary, the client applies for the building license at the town hall. Expect 2-3 months for it to be granted.

On-site facilities:
Sport school (Town hall area)
Children’s playground = open air training area (Town hall area)
Minimarket (Town hall)
Gym (Town hall area)

The master license for the villas stipulates that the development has to be finished by end of 2019!

Additional Details

  • LOCATION
    Close to the Sea
  • FACING
    South
  • YEAR BUILT
    2018
  • PLOT SIZE
    500
  • BUILD SIZE
    165
  • LIVING SIZE
    165
  • TERRACE SIZE
    90
  • POOL
    Private
  • GARDEN
    Private
  • PARKING
    Carport
  • GARAGES
    1
  • KITCHEN
    Fitted Kitchen
  • FURNITURE
    Unfurnished
  • LEVELS
    2
  • COMMUNITY FEE
    150
  • LOCAL TAX
    900
  • GARBAGE TAX
    150
  • ELECTRICITY
    1
  • WATER
    1
  • CURRENCY
    EUR

Location

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