• An investment opportunity on rarely available land that commands spectacular sea views yet within a few minutes reach of Valencia city centre
• A superb financial payment package with 2.9% payable on contract
• 7.1% payable in monthly installments until completion in 2009
• 89% mortgage agreed with the funding bank

Vera Mar Residential is a superb development of apartments located second line to the wide sandy beach of Valencia city in an area undergoing extreme expansion and investment in the before and after wake of the 32nd America's Cup.

With the recent announcement of a seven year deal to host a Formula One Grand Prix in the port nearby, we expect continued investment and redevelopment to the surrounding area.

This development is ideally located within walking distance of the newly extended port of Valencia leisure areas, the new grand prix circuit and within very easy reach to the vibrant and diverse city centre of Valencia.

IP Spain are able to exclusively offer our clients 51, 1 and 2 bedrooms apartments which presently are only being offered to the Spanish market. You will not find this Investment Property opportunity with any other company!

This investment property development of apartments is situated in a prime and rare location being, not only just set back from the beautiful sandy beach of Valencia, but also in the middle of an area that has undergone and is undergoing major expansion and investment. This is an area that is attracting a lot of excitement and attention nationally and internationally.

The area in front of these apartments has been developed in the last few years, by the same developer and built with the same high standards. Due to the position of this apartment building, as the constructions in front are staggered, some units will have a sea view from the balcony.

The two buildings in this block include a central communal area that will include a swimming pool and a children's area. The entire development is completely free of traffic and includes a lovely park area.

Underground parking with storage is included in the price.

These buildings are in construction and the development as a whole will be ready in 2009.

Payment terms
We have agreed an excellent, lowest ever payment package on your behalf:

• On contract just 2.9%
• 7.1% payable in monthly instalments until 2009.
• The balance is payable on the mortgage already agreed, subject to status.

Show home video
This video features the recently completed show home and also includes views from mid level and penthouse apartments.

Project overview and site video
This video shows the developments current progress and location.

Rental income
Similar high-quality properties in this prime location are rare, making these apartments perfect as long term lets to Spanish professionals. This will also be one of the most popular locations for the future emerging holiday market which will produce a far more lucrative rental income for the future.

For now there is a strong local demand for rental accommodation in this area. After polling many local rental agencies, our survey shows that a 2 bedroom apartment that is basically furnished would currently generate an income of around 1200 Euros per month with a long term let.

Future rental rates will improve during the build as rentals are rising ahead of salary increases as increased interest rates are switching many potential buyers to rental housing, good news for the long term investor. The location of this project will nevertheless secure its future resale.

Another additional source of potential rental clients is provided by the developer. At the end of the development site there is a large, modern office block in construction, the building that looks like a stack of cd’s in the main image. It will provide another rich source of prospective tenants when the doors open in 2009.

Meanwhile, the holiday market is now establishing itself, initially with the Spanish, but will broaden later and according to the company Tecnitasa, who have studied the rental prices of the main coastal areas in Spain, a 100 m2 apartment in August in Alboraya would currently earn 4,555 Euros for the month.

Summary: This development’s location makes it increasingly popular with Spanish nationals and Europeans alike being developed on prime land just set back from the 4km long sandy beach and also within 5 km of the city centre. As the holiday rental market establishes itself, properties with easy access to the beach will have an additional, more lucrative market in the future, which means that anywhere near to the Malvarrosa and Patacona beaches would be a good choice.

Location report profile
This superb development is located in the Valencian suburb of Alboraya - an area that is undergoing major expansion and is situated just set back from the 4 km long sandy beach front. This area is attractive to local professionals who work in the city of Valencia or in the nearby University of Valencia. There is very little land available in the surrounding area that can command such spectacular views and positioning in Valencia making this a very special development and investment.

This development is well connected by way of the metro which is within walking distance from this development that will transport you to many attractions and facilities such as, the city of Valencia 5 km away, directly to the airport, University of Valencia 2 km away and the Arts and Sciences buildings 4 km away, now the most visited museums in Europe.

The sandy beach of Patacona is literally on the door step of this development that also has a lovely long promenade with bars and restaurants alongside, ideal for evening strolls into the port and other local areas. The recently redeveloped magnificent Port of Valencia is within walking distance being just 2.8 km away and the newly agreed Monaco style Formula 1 circuit, that can produce speeds higher than those achievable in Monaco, is within walking distance from these apartments. Please click here to go to our web page for a full low down on what's on offer in the exciting and vibrant city of Valencia.

Satellite image from Google maps, please click on the link below the image to open a larger map.

View Larger Map

We have included a link to download the location file and view the site using Google Earth.

Please click on the link to download, or choose this help button for more information on how to view. Click here for help!

In Valencia the images available are of particularly up to date and high quality, probably thanks to the Americas Cup Yacht Races and the future F1 circuit.
To download the site location for Vera Mar Resort using Google Earth, please click here!

NB: If you have any difficulty downloading or opening the file after installing the software we can send it to you in an email.

Price Lists and Floor Plans

Prices and floor plans of one and two bedroom apartments in Vera Mar Residential block 6

Price and availability list - please click here!

Floor plans: Ground floor distribution of apartments    Floor 2 to 7 distribution of apartments

Ground Floor: Plan E2   Plan D2   Plan C2

First Floor: Plan C3 & C4   Plan D3 & D4   Plan E3 & E4

Second to Seventh Floor: Plan C5 & C6   Plan D5 & D6   Plan E5 & E6

Penthouse Plan: C7 & C8   Plan D7 & D8   Plan E7 & E8   

Further information
If you would like some further information please ask and we will be pleased to answer any questions you may have.Please click here!

Building Specifications

Foundations
Boundary walls and concrete slab.

Structure
Concrete framework, pillars and beams.

Exterior enclosures
Main facade wall of brick finishing.
Acoustic and thermal insulation according to the Regulations in force.

Partition walls
Interior partitions of the properties made with panels of laminated plaster with its corresponding mineral wool.
Separation between properties made with hollow bricks, plastered on both sides with panels of laminated plaster, with the corresponding insulation.

Flooring
Laminated special parquet (A/C5) in general flooring, fitted over a 3mm polythene membrane with a coating of self leveling mortar cement.
Top quality ceramic tiles in wet rooms.
Marble or granite on stairs and landings.

Tiling
Large size top quality ceramic wall tiles in wet rooms and balconies.

Sanitary installations
High quality enameled porcelain bathroom units – white or soft colours.
Leading Spanish brand single lever taps (Grohe, Roca or similar).

Kitchen fittings
Top quality fitted kitchen upper and lower units in a modern design.
Granite or similar work surface.
Glass ceramic hob and built in electric oven and decorative extractor hood.
Gas water heater (except in the one bedroom apartments where they will be electric).

Air Conditioning
Complete installation of hot and cold air conditioning.

Exterior carpentry
Lacquered aluminum windows, double glazing.
Slatted lacquered aluminum shutters in bedrooms.

Interior carpentry
Security main door.
Top quality doors in laminated oak wood or similar.
Built in wardrobes with shelf and hanging bar.

Covering
Smooth interior walls with plastic paint finish.
Plain plaster false ceilings throughout for better insulation.

General installations
Protection systems against fires (C.P.I-96).
Television network with collective satellite dish with sockets in three areas of the dwelling.
Telephone points in living room and other rooms.
Electronic video porter.
Closed TV circuit throughout building, in basements and accesses, connected to reception.
Entrance hall decorated with fine materials.
Underground parking space.
Lift with direct access to entrance hall and garage.

Development
Fenced in development with large open areas.
Swimming pool for children and adults with depuration system.
Children’s play park, with impact absorbing paving.

NB: These specifications serve as a guidance and may be subject to changes due to technical and functional necessities determined by the supervising architect and/or the development company, without affecting the general quality of the building.

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!

Read our Valencia City property investment overview

Go to our Valencia City property investment overview web page for a full low down on what's on offer and why you should consider investing in the exciting and vibrant city of Valencia. Please click here to open!

Disclaimer
The information in this website is provided by IP SPAIN and whilst we endeavour to keep the information up-to-date and correct, we make no representations for warranties of any kind about the completeness, accuracy and reliability with respect to the website or the information within the website. Any reliance you place on such information is therefore strictly at your own risk. If you have any questions about this website or the services we provide please feel free to contact IP SPAIN.