NB: This page has been updated and the development may be sold out, please click on the Investment properties link above to view our current projects.

Sueños del Mar I and II overview

More information- The development - Plans and specifications - Location report

General description
In the final phase of construction two exceptional quality buildings incorporating 263 penthouses and apartments and located in the prestigious area of Las Rotas in Denia. A prime location overlooking the marina and Denia Yacht Club.

    

Location profile Las Rotas, Denia, North Costa Blanca
We are very excited to be able to offer you the prestigious developments Sueños del Mar I and II because of their prime location close to the Marina in Denia where you will not have further opportunity to purchase a property with such proximity to the marina as the Local Authorities have stated that no further building licences will be approved in the town. Please see the full location report.

Airport
Alicante airport is approximately 1 hour south, with Valencia airport a little over 1 hour north.

Road link
The motorway A-7 will give you excellent access to Alicante and Valencia. From the A-7 or N-332 you take the CV-726 into Denia.

Views
Superb views overlooking the Marina de Denia situated just 100 metres away.

Beach
Situated within walking distance is the golden sandy beach of Marineta Casiana with 1.2 km of fine sand and tranquil waters popular with divers and fisherman.

Golf course
There is an extensive range of activities to choose from including an 18 hole golf club at the Club La Sella, designed by José Maria Olazabal and the Javea Golf Club.

Developer
This developer has extensive experience in property development. Their professional team are totally dedicated to providing service and customer satisfaction constantly keeping ahead of the game by sourcing prime locations and building quality developments. This is all possible because of their long professional experience. They have an impressive portfolio of developments and a sound, ethical ethos to enable them to go from strength to strength
Please refer to full development report.

Stage of construction - Final phase
Deposit required - 30%
Balance - Due on Completion
Anticipated completion - Phase I to be completed by Easter 2005. Phase II to be completed by Summer 2005

Investment strategy suitability, our opinion
A luxurious, well equipped, spacious apartment complex which is located directly on a marina will always prove popular as an investment vehicle. When the marina happens to be Denia and it is literally on the doorstep of the town centre with its shops, restaurants and pavements lined with cafes, it is difficult to imagine a better proposition for buying to let or using to let. With 20 km of golden sandy beaches, Denia is popular with tourists from overseas and also from the major Spanish cities ensuring a continuous demand for quality holiday rental apartments. The combination of this prime location and the fact that no further building licenses will be granted in the town will ensure that the capital appreciation will be extremely high.

Sell before completion - Completion imminent

Financial example
(Based upon a standard two bedroom apartment)

Price of apartment - €266,000 (+ 7% sales tax)
Reservation fee - €3,000 (+7% sales tax)
Balance of deposit - €76,800 (+7% sales tax)
Balance - €186,200 (+7% sales tax)

You will need to budget for an extra 3% to 4% in addition to the purchase price to cover fixed rate legal fees, Notary, Property Registration fees and bank charges for arranging the mortgage. N.B. The above example has no contractual value and is for illustrative purposes only.

Approximate 2 year fixed rate interest only mortgage payment - €504.29
No Mortgage repayments necessary until the Title Deeds are signed and you take possession of your property. The figures are based on a 25 year term at interest rate of 3.25%.

Expected holiday rental income

Peak rental - €800.00 per week
Off peak rental - €350.00 per week

For additional full and comprehensive details on the Location and the Development please use the links below.