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La Torre del Faro overview

Section 1 - Key points and overview

Special Offer
A staggering 10% off list price. This project is a first for this developer in that it is aimed squarely at the non - Spanish market and as they are keen to develop this area they are willing to offer the discounted purchase terms. Consequently the developer has got off to a slow start with marketing this development in the UK and with the completion date due end of 2006 looming they are very keen to make this development look an attractive proposition.

Including FREE WHITE GOODS fully ducted air conditioning and parking space which is usually €12,000 extra

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.

Parking is included in the price together will white goods for the kitchen.

Development location
Guardamar on the Costa Blanca South. Located on the sandy banks of the river Segura. Alicante airport is just a 40 minute drive away and San Javier airport is just around a 40 minute drive away.

Investment Features
• 10% off list price allowing you an instant return on your investment
• Free white goods in the kitchen
• Ideal holiday apartments being just 200 metres from the beach
• New hotel planned next to development to stimulate tourism in the area
• Alicante International airport just 40 minutes away
• Good beaches many EU blue flag designated
• Low interest Spanish mortgage available
• Bank guarantees in place
• Multi choice strategy for off plan investors
• Quality Golf Courses a short distance by car

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!

Payment schedule (including 10% discount)
Prices from €147,015.00 plus 7% IVA (€10,291.05) = €157,306.05

For a full price list just click here!

Video Presentation
An audio visual presentation is available in either Windows Media or Real Player please click on the icon to select, or choose the help button for more information on how to view. NB: Real Player produces better quality images.

1 - La Torre del Faro development site     

2 - Guardamar beach report     

3 - Guardamar Town report     

Further information
If you would like any more information Please click here!

Section 2 – Financial information

List Prices
2 Bedroom from €163,350 (Now less 10% discount which is not included)

Investment potential, 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 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.

Mortgage
Low interest Spanish mortgage available

Guarantees and indemnities
All guarantees and assurances in place

Completion costs
When completed you will have to pay Notary fees and land registry fees which in most cases can be included in the mortgage. In addition you will have to pay legal fees and we have negotiated a special rate with a leading local Solicitor.

FREE 20 Page Investing in Property Guide
Our extensive over 20 page Off Plan and Investment Property Guide is totally free and will answer all your questions regarding buying property off plan in Spain to enable you to make informed choices and avoid the pitfalls. To receive your copy Please click here!

Section 3 – The development

Development 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 childrens’ swimming pools, childrens’ play area and two tennis courts.

Parking is included

Situation and views from the development
The apartments enjoy views of the river, towards the protected pine forest and of course the beach

Predicted project completion date
End of 2006

The 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.

Further information
If you would like any more information Please click here!

Section 4 – The location

Location report profile
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 Access
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 Links
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.