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page has been updated and the development may be sold out, please
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projects.
La Torre del Faro overview
Special offer – Up To an incredible 7%
discount PLUS FREE white goods, air conditioning and parking space
but there is less than a month to act!!!
IP Spain has managed to once again secure a genuine series of discounts
for clients prepared to place a reservation of €3,000 by 31st
July there is up to €11,305 discount available but remember only
until the 31st July.
This is an unusual project for IP Spain to promote due
to the short build time completion period of 15 months.
However one quick glance at the photograph should tell
you just about everything that you need to know regarding the investment
potential of the La Torre del Faro 2 bedroom apartment block especially
when combined with the following promotional discounts available.
Option 1
– 7% Discount from list price with a 40% Deposit paid in full
within 1 month of reservation
Option 2 – 5%
Discount from list price with a 30% deposit paid in full within 1
month of reservation
Option 3 – 3.5%
Discount from full list price with a 40% deposit paid in 2 stages.
20% within one month of reservation and the remaining 20% paid 6 months
later
Option 4 – 2%
Discount from full list price with a 30% deposit paid in 2 stages.
15% within one month of reservation and the remaining 15% paid 6 months
later
In addition all options also include FREE WHITE GOODS fully
ducted air conditioning and parking space which is usually €12,000
extra
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1 - La Torre del Faro
development site 
2
- Guardamar beach report 
3
- Guardamar Town report
General description
La Torre del Faro is a luxury apartment block consisting of 62 two
bedroom apartments, situated in an ideal position to take advantage
of the popularity of Guardamar as a holiday destination. The local
Spanish community all use the Guardamar beaches in preference to any
of the other local towns and the combination of blue flag beaches,
excellent facilities and protected green spaces have contributed to
its popularity with overseas visitors in recent years.
The apartments are on 11 levels. The ground floor apartments
include a garden and the top level penthouses have large terraces.
The specification is also very good with features such
as solid wood doors, fully fitted kitchens, granite work surfaces
and fitted wardrobes in the bedrooms. The communal entrance hall and
main stairways are finished in marble.
The communal area is very sizeable at over 1200m2 and
consists of terracing, adult and children’s swimming pools,
children’s play area and two tennis courts.
Floor plans and complete price list
We now have all floor plans and a complete price list available please
click here!
Specifications
For specifications in English please
click here!
Prices
From €161,500 (Pre-Discount) complete price
list available just
click here!
Investment required / Financial examples
For first floor 2 bedroom @ €161,500 plus 7% IVA (VAT). As these
apartments are ideal for buy to let or use and let investment purposes,
the following options have been presented with holiday rental performance
in mind. Mortgage payments have been calculated on the basis of a
25 year repayment model at 3.25%. This cost of ownership has then
been converted into number of weeks rental (at average rate) required
to cover the anticipated annual break even point.
Option 1
–7% Discount from list price=€160,708 with a €64,283
Deposit paid in full within 1 month of reservation (all figures include
IVA)
Balance on keys = €96,425
Monthly mortgage payment =€474
Week’s rental required 11
Option 2 – 5%
Discount from list price = €164,164 with a €49,249 deposit
paid in full within 1 month of reservation. (all figures include IVA)
Balance on keys = €114915
Monthly mortgage payment =€565
Week’s rental required 14
Option 3 – With
3.5% Discount = €166,756 with a 40% deposit paid in 2 stages.
€33,351 within one month of reservation and the remaining €33,351
paid 6 months later (all figures include IVA)
Balance on keys = €100,054
Monthly mortgage payment =€492
Week’s rental required 12
Option 4 – With
2% Discount = €169,348 with a 30% deposit paid in 2 stages. €25,920
within one month of reservation and the remaining €25,920 paid
6 months later (all figures include IVA)
Balance on keys = €117,508
Monthly mortgage payment =€578
Week’s rental required 14
Location profile for Guardamar in Costa Blanca
South
The town of Guardamar, with a population of just over
11,000, has historically played the role of guardian of the river
Segura.
Located next to the mouth of the river, Guardamar overlooks a long
beach bordered by a large expanse of sand dunes covered with pines
and eucalyptus. The forest parkland of the Dunas de Guardamar, with
over 800 hectares running parallel to the coast, is protected land
and one of the most unique scenes on the Costa Blanca.
The dunes are formed from sand deposited by both the
river Segura and the sea, and blown inland by the east winds. This
natural area is today the main distinguishing feature of Guardamar
and it includes the Reina Sofia and Alfonso XIII parks, ideal for
a leisurely stroll or for cycling. These are attractive spots for
noting the local vegetation and observing the water birds that come
to nest in this ecosystem, including herons and other species.
Activities around the restored mouth of the river include fishing,
camel rides and the Molino de San Antonio. All the local restaurants
offer top-quality prawns and outstanding rice dishes, the pride of
Alicante cuisine.
Guardamar offers you every possible water sport such as sailing, windsurfing,
water-skiing, underwater diving, canoeing, jet skiing, etc. The Marina
de las Dunas at the mouth of the river offers 494 moorings and all
the services and facilities of a top-ranking marina. It also offers
2 kilometres of the new navigable river course for small boats, a
risk-free place for sea sports.
Guardamar del Segura has extensive sports facilities, the most important
being the “Las Rabosas” Sports Centre and the magnificent
Municipal Sports Centre, with its Olympic swimming-pool, 3 football
pitches, basketball courts, five-a-side soccer pitches, tennis and
pelota courts.
Airport
Alicante airport is approximately 30 minutes by car and San Javier
(Murcia Airport) is 30-40 minutes by car. A new airport is being constructed
for Murcia at Corvera to cater for the increase in air traffic. 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 provides direct link to outskirts of the town or the
National N332 coastal road.
Views
The apartments enjoy views of the river, towards the protected pine
forest and of course the beach.
Beach
Guardamar del Segura is superb, unspoilt, quiet and very clean just
200 metres away.
Golf Course
Finca Park Golf, the most exclusive golf course in the area is 15
minutes by car (12 km). This course is already being hailed as a superb
course rivalling anything that the Costa del Sol has to offer. In
a beautiful natural setting this is a fairly long course with established
trees and lakes coming into play on many of the holes. La Marquesa
is also a quality course within 10 minutes and Villamartin, a championship
course and previous host to the Mediterranean Open is within a 20
minute drive.
Developer
This company has been operating within the domestic Spanish market
for over 20 years now and have the highest of reputations for their
honesty, ability to work to a schedule and the quality of their workmanship.
They have never before built a project aimed squarely at the non -
Spanish market and as they are keen to develop this area they are
willing to offer the preferential purchase terms. There are many,
many examples of their previously constructed projects including many
hypermarkets, all of which confirm the quality of their work.
Predicted completion date
June – August 2006
Our opinion
Situated adjacent to the River Segura, the protected forest and dune
area and within 200 metres of the glorious beach, these properties
are ideal holiday apartments. This is a premier location within Guardamar
and one of the least developed areas at this time. Further study of
the local town plan will reveal however that a hotel is being built
on the site next to La Torre del Faro which will further stimulate
tourist trade and perhaps more importantly much of the remaining land
is owned by the local council. It has been muted (though not confirmed
at this stage) that the plan is to further expand the marina with
inlet berths created right next door to these apartments.
The location images alone would be enough to sell the
rental potential of these apartments and once combined with the negotiated
discounts and associated mortgage costs as presented below, the mid
to long term investment potential is very apparent.
The town is already a very popular holiday destination
with UK customers though none of the holiday apartments currently
being advertised that we could find offered anywhere near the quality
of location offered at La Torre del Faro. This area of the town will
see the greatest capital appreciation in property prices in our view
which is why it is one of the few developments in the town that we
are currently prepared to endorse.
Additional point
This projection does not take into account the capital growth on property
values in this area currently at 12%.
What happens at the end of the two year period
When the project is completed and ready to occupy the property can
be sold or mortgaged. A pre arranged mortgage is available or we can
provide alternative financing currently up to 80% of bank valuation.
