The La Mar Complex, Puerto Santiago, Tenerife

Exiting New, Guaranteed Investment Opportunity in Tenerife   

 Information

These luxuriously appointed apartments of La Mar are situated in the picturesque fishing village of Puerto de Santiago on the South West coast of the Island of Tenerife.  The clear waters of the Atlantic can be fully appreciated at the magnificent and well maintained blue flag beach of Playa de la Arena which is found a mere 500 meters from your apartment.

The Complex has 42 apartments located on the 1st and 2nd floors of a 3 storey building on the beach front of Puerto Santiago.  The ground floor of the Complex has a wide range of commercial shops and restaurants.  The apartments and sun roof area have been subject to an extensive renovation program.

All of the apartments are being fully renovated to a very high standard and the roof area has been converted into an exclusive residents area with individual roof top solariums for a selected number of apartment owners.

The community fee per month is 55€ to include Electric and Water, if the rental option is taken, then you pay no community fees.

Each apartment has been fully renovated as follows:

  • Fully renovated with complete new floor tiles throughout interior and exterior.
  • En-suite Bathroom
  • Shower room
  • Fully equipped kitchen
  • Full apartment decoration.

Also included is a Full furniture package for the following:

  • Lounge Dining Room
  • Main Bedroom
  • 2nd Bedroom
  • Patio
  • Curtains
  • Pictures
  • Lighting
  • Fans

Individual Apartment prices are from 125,000€ to 270,000€ and vary from 72m2 to 80m2

There are 2 x 1 bedroom apartments, 1 at 125,000€ and one at 130,000€

Do not miss this excellent investment opportunity, contact us now.

* 1 bedroom Units rental is 500€ per calendar month, index linked

28.11%

Instant Return On Investment

EMAIL US ABOUT THIS FANTASTIC PROPERTY, HERE

Photographs

         

         

         

         

        

Guaranteed Rental Contract

The Complex comes with a fully managed rental contract from the Developer / Builder of 1000€* per month on a 3 year (renewable) contract.  We have fully checked out the rental agreement and feel this is one of the best guaranteed investments we have found on Tenerife to date.  The contract can be fully renewed at 3 years for a further 3 year term. The rental contract is the best we have seen on the Canary Islands, it is a legally binding document that is signed in Notary at the same time as you sign for the property title deeds.

Two Bedroom Units priced at €185,000

Rental valuations are high (€1000 per month index linked) and maximum mortgages can be achieved using our nominated broker. Instant Equity is around €52,000 and the gross valuations (€237,171) have already been endorsed by lenders. Your cash requirement will be in the region of €18,500 representing an immediate 28.11% ROI, with good growth forecast for this area.

 

12,000€ income per year

"Your Apartment and Vacations Paid for"

Mortgages available upon request and subject to status at 90% of asking price

A 5000€ deposit secures one of these superb apartments

For further photographs, plans and Mortgage details, click here

 

Call us on UK 0871 474 0841 or Spain 0034 922 742 133