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Corvera Golf & Country Club overview

General description
1,845 apartments and villas situated frontline to an 18 hole golf course within a gated country club with facilities to include hiking, mountain biking horse riding in addition to a hotel, shops, restaurants etc.

Deposit
The developer ordinarily requests an initial 25% deposit, followed by a further 15% six months later, however as a time restricted special offer, the deposit required is now only 15% followed by a further 15% in December 2006. This offer is only available until 31st December 2005.

Video Presentation
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The development site     

Initial Funds Required?
€62,027 including IVA (£43,500 approximately) half due now and the other half December 2006

How much profit can I make?
5 year projection of €106,830 please ask for a breakdown.

Time Frame for completion
18 month build time, completion anticipated end 3rd quarter 2007

What will the anticipated mortgage costs be?
€680 per month (£475 approximately) 25 year term repayment

Potential Rental Income
Very good, 10 month season with average holiday let of €700 per week for 2 bed apartment

Why is it such a good investment?
Outstanding natural beauty, excellent facilities, on the doorstep of new airport, great road access to towns, beaches and places of interest. Fastest growing region of Spain in terms of property prices.

Special Offer Until December 31st 2005 - 10% Less Deposit to pay

Investment required
The developer ordinarily requests an initial 25% deposit, followed by a further 15% six months later, However as a time restricted special offer, the deposit required is now only 15% followed by a further 15% in December 2006 which is Saving 10% on the Required Investment!

Prices
2 bed apartments from €187,000
3 bed apartments from €215,000
Villas from €370,000

Therefore for a ground floor 2 bedroom apartment selling for €187,000 the deposit would be15% plus 7% sales tax =€30,013.501 (inc tax) followed by a further payment of €30,013.50 (inc tax) in December 2006

Mortgage calculator
If you would like to calculate mortgage payments you can open our online mortgage calculator by clicking here!

General description
After the launch last year of Roda Golf & Beach Resort, the Sea & Sun Resorts Group is launching its second resort project of houses in a golf course in the region of Murcia: Corvera Golf & Country Club. Located close to the Carrascoy mountains, the resort covers nearly 2,100.000 square metres and is situated 15 minutes from the city of Murcia and 20 from the Mar Menor. The resort will offer a select range of apartments, houses and villas, availability of several sports, as well as excellent services to choose from, in a natural environment.

On a site of about 2.1 square kilometres, Corvera Golf & Country Club brings a new concept to the architectural styles of golf resorts in the area, integrating the houses and the golf course within the surrounding landscape, with the emphasis on green spaces and open-air activities, whilst respecting residents’ privacy and the enjoyment of splendid views.
The amount of built-on land will represent only 9% of the whole site. The planned date for handing over the keys of Phase I houses is the third quarter of 2007. WATG, one of the most experienced international resort landscaping companies, will be responsible for the Master Plan design.

The project will have 1,845 dwellings following two different models depending on residents’ requirements: two and three-bedroomed apartments; and villas with two, three or four bedrooms, each on an individual garden plot of 300 m2 or more.
The competition golf course, designed by José María Olazábal and IGD, is 18 holes with a 72 par, and 6.793 metres long. Together with the other projects being developed by Sea & Sun Resorts, Sam Torrance, ex Ryder Cup captain, will be the Golf Captain.

Our opinion
Murcia is rapidly beginning to fulfil the wishes of the local regional authorities, namely to become the focal point for everything golf within Europe. Ultimately there will be somewhere in the region of 60 courses in this area therefore it is important to carefully consider which of the planned resorts are likely to have maximum success from an investment perspective.

Prospective purchasers and rental tenants alike will realistically have the choice of two different types of resort, those that are part of a group of 6 or 7 golf courses and of course stand alone resorts. The appeal of the “resort group” is east to comprehend due to the abundance of choice of venue and facilities on offer. Many clients however do not enjoy this mass market appeal and prefer a stand alone resort which offers a more select and exclusive appeal. This is the strength of Corvera Golf and Country Club.

The situation of Corvera, is in my mind the most beautiful golf setting in Murcia and is always remarked upon by any visitor to the resort. Apart from the aesthetic appeal, the natural beauty will also lend itself to activities outside of golf such as hiking, mountain biking and horse riding. This makes it stand out from the competition and will secure it’s popularity as a resort. In addition, Corvera will also be literally on the doorstep of the new airport where work has recently begun. Travelling time from the new airport will be literally minutes which again will appeal to a great number of people. The road network is improving markedly which will give access to the Mar Menor and La Manga area within 15 minutes, allowing visitors to the resort the choice between peaceful, tranquil country club or a full on holiday resort experience – the best of both worlds.

There are few if any other stand alone resorts within Murcia that can offer the same situation, facilities and of course natural beauty as Corvera Country Club and these reasons will ensure it’s future success both as a resort and more importantly as an investment property in the years to come.

Further information
If you would like to see site plans, floor plans, building specifications and a complete price list please ask and we will send them through by return.Please click here!

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Building specifications
For specifications in English please request

Completion date
Phase 1 is due to be completed Christmas 2007

Airport
A new airport is being constructed for Murcia at Corvera to cater for the increase in air traffic to the region and will be 5 km from this resort and is due to open at the end of 2007/beginning 2008. The existing airport at Alicante is approximately 45 minutes by car and San Javier (Murcia Airport) is 15-25 minutes by car. Ryan Air can also see that this area is taking off providing competitively priced flights into San Javier airport to make visiting your property extremely cheap and convenient.

Road Link
A-7 Motorway runs north of Corvera and current access is via the N301 which is due to be improved and extended providing motorway access to the new airport at Corvera which is only 5km from the resort.

Views
All apartments are frontline to the golf course and the terraces provide views either across the course or the pools and communal green areas dependent on orientation. Please view the video footage to see how beautiful the resort situation truly is.

Beach
The beautiful beaches at La Manga and the Mar Menor are 20 – 30 minutes away by car. Puerto de Mazarron with its blue flag standard beaches is a little further away at approximately 35-40 minutes.

Golf Course
An international competition standard course designed by José María Olazábal –IGD. Consisting of 18 holes, par 72 and covering an area of 70 hectares.

Location profile for Murcia in the Costa Calida area
You could hardly describe the region of Murcia as an undiscovered corner of Spain. Without doubt, Murcia, on the south east corner of Spain, is the next big thing to hit Spanish tourism and the international property market. Its undoubted appeal to the tourist and would be property owner has gone largely unmarked. Until now! The local authorities have made their intentions clear – Murcia is to become the golfing capital of Europe.

This is good news all round, for local communities as well as foreign visitors, because it means that this astonishingly fertile, temperate and historic area has escaped the mistakes that have so marred other development areas in Spain.

You can expect no high rise horrors or neon nightmares here, neither along its 250 kilometres of Mediterranean coastline (known as the Costa Calida) nor amid its ruggedly beautiful mountains inland. With more than 300 days of sunshine a year, and an average temperature of 21 degrees, Murcia’s climate is ideal for the outdoor life all year round. The region is genuinely unspoiled, and intends to stay that way.

Murcia is developing fast but with a keen eye to the long term. Its many area of outstanding natural beauty are strongly protected, and its archaeological, architectural and cultural heritage are treasured and preserved. And as low rise sensitively planned developments burgeon and fit into the varied landscape, the infrastructure to serve them is already being put sensibly and sensitively in place. Even the mighty pylons that stride across the fertile plain are scheduled to be replaced by underground services, leaving the vast skyline enticingly open.

Murcia is known as the garden of Europe, producing first rate fresh produce all year round. It’s a cooking enthusiast’s dream......It’s not just the fleshy artichokes, the unbeatable, tangy tomatoes and the juicy citrus fruits fresh from the surrounding orange and lemon groves, but the succulent sea food, freshly caught in the Mediterranean and the Mar Menor.

The wine too is something special, if less well known than say Rioja. But the discerning palate will soon make discoveries such as the excellent wines made in the Jumilla area from the little known but delicious petit verdot grape. This sprightly red wine is only one among many to be savoured.

The property prospector needs to be aware of more than golfing and gourmandising. Some of the best diving in Europe is to be experienced off Cabo de Palos, some of the best climbing is only an hour away in the glorious national park of the Sierra Espuña.

There are modern medical facilities throughout the region and for families who may want to spend long stretches of time in their Murcian home there are four international schools.

Additional point
Developments are springing up all over the region, subject to strict planning and quality controls. Density is low and new resorts are carefully kept apart. Prices right now are modest but seem destined to rise as the quality of Murcia becomes better known. And as tourism continues to grow, the opportunities for rental income grow too.