SPANISH PROPERTY OF THE WEEK: 2 BED, 1 BATH APARTMENT, COSTA BLANCA, ALICANTE, LA ZENIA

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Spanish Property / 2011-08-24 20:10:31

Beautiful views of the Spanish Mediterranean sea

2 BED, 1 BATH APARTMENT, COSTA BLANCA, ALICANTE, LA ZENIA

Beautiful apartment for sale located in the heart of La Zenia, Alicante, Spain. Two bedrooms, one bathroom, second floor apartment with fantastic views of the Mediterranean. A short 10 minute walk to the sandy beaches of La Zenia and only a short distance from local ammenities including restaurants and cafes, bars, supermarkets. A superb holiday home with existing rental clients and the opportunity to generate a good return on capital invested. Fully furnished and complete with all white goods. Communal pool available for use for residents and visitors to the urbanisation.

MUST BE VIEWED!

INVESTMENT OPPORTUNITY

This is a fantastic investment opportunity not to be missed.

€ 84,500.00 with FANTASTIC RENTAL INCOME POTENTIAL.

DEPOSIT:
€ 84,500.00 x 40% = € 33,800.00

BALANCE:
€ 84,500.00 x 60% = € 50,700.00

APPROX. COSTS (notary, legal, tax):
€ 84,500.00 x 10% € 8,450.00

25 YEAR REPAYMENT MORTGAGE ON BALANCE AT 6%:
€ 330.50 per month

25 YEAR INTEREST ONLY MORTGAGE ON BALANCE AT 6%:
€ 253.50 per month

These properties rent out short-term for between € 400.00 and € 500.00 per week in the high season (June, July, August) generating potential income of € 6,500.00 (13 x € 500.00). Long-term rentals would return between € 350.00 and € 450.00 per month generating potential annual income of € 5.400. These properties are in high demand and are currently being sold at 55% of their 2007 valuations when they were selling in the region of € 160,000.00. This suggests that any savvy investor would receive an excellent return on capital over the next 10 years.

Please visit www.theleader.info/property/91738 or call +34 96 897 1860 to make an appointment to visit this property.

For 1000's of Spanish properties at GREAT prices, please visit www.theleader.info/spanish-property/ or call +34 96 897 1860 for sound investment advice from leading property experts.

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