Vera Mar Resort 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 investment property 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 these 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 development of 1 and 2 bedroom 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 with low level townhouses. This will ensure that these apartments will always retain the stunning open sea views that they presently enjoy which will always maintain a high demand for these properties either for the rental market, or for future resale.

In the central block, you can see in the image above, we have secured the whole of level 3 which is made up of 8, 1 bedroom apartments. This level will always have superb views to the sea and over the communal swimming pool and paddle courts.

In the block to the left, in the image above, we have exclusivity on 32, 2 bedroom apartments from which you will have a side view to the sea from the balcony.

The three buildings are set around the leisure area in the centre which includes a communal swimming pool, a paddle court (a little like a squash court), a children's play area and two buildings that will be used for leisure purposes, yet to be determined, but along the lines of a gym or community room. The resort has a security entrance and includes underground parking at no extra cost.

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

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

The deposit on these apartments is from 25% which, you will see on the price lists below. On the price list you will also see the amount of mortgage that is available for each apartment upon completion, by the funding bank, subject to status.

Location map

Click on the images below to open in a larger window

 

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

1 Bedroom apartments prices and floor plans - Located in the central block

Price and availability list - please click here!

Floor Plans - Floor plan of level 3 distribution

Plans - Plan E3   Plan F3   Plan G3   Plan H3   Plan H4   Plan G4   Plan F4   Plan E4

2 Bedroom apartments prices and floor plans - Located in the side block to the left of the central apartment building

Price and availability list - please click here!

Floor Plan  -   Floor plan of distribution of apartments

First Floor - Plan B1   Plan C1   Plan C2   Plan B2

Second to seventh floor - Plan B3   Plan B4   Plan C3   Plan C4  

Penthouse - Plan B5    Plan C5   Plan C6   Plan B6

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 projected marble layer and carpentry to match.
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
Top quality ceramic in general flooring.
Top quality stoneware 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.

Finishes
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 spaces.
Lift with direct access to entrance hall and garage.

Development
Private. fenced in development, with large open areas.
Multipurpose social quarters, reception, free spaces and children’s play park with impact absorbing paving.
Swimming pool and paddle courts.

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 some further information please ask and we will be pleased to answer any questions you may have.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.