Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
Apartment For Sale in Playa Blanca, Lanzarote  
Reference nr: 72361
Description:

This is a fantastic investment opportunity, the rental potential is excellent... these Bungalows can easily receive 250 350 per week, as they have a tourist licence with the complex, which means its legal to rent them out.



The Location



Located in the south of the island in Montana Roja situated in Playa Blanca. The complex is on the first line to the coast, and just 800 metres away from the sandy beach of Playa Flamingo, and only 1 Km from the resort of Playa Blanca bustling with night life. The complex lies just behind the red mountain (Montana Roja) and permission has been granted to build a golf course right behind the red mountain. Which means this will be a golfers paradise in the near future, and prices will most definitely rise in price



Complex Description



The complex was built in 1990 and is exceptionally we maintained. There are 106 bungalows built on 31,720 sqm, and 15,000 sqm of gardens that are beautifully kept, with lots of flowers and shrubs. It has two large swimming pools one of which is heated, and there is also a childs pool. Atlantic Gardens has everything you need to cater for your holidays, 2 tennis courts, mini golf, childrens play area, volley ball, 2 pool tables, table tennis, launderette, gymnasium and 2 saunas, a mini mart, and a covered over snack bar to cater for 150 people, and of course a reception area with receptionist, and a car park.



Bungalow Description



The 1 Bedroom apartments are between 56m2 up to 67m2 in size, all have their own private terrace with table and chairs, and small garden, some of them have sea views overlooking Fuerteventura. They have a nice spacious feel and are nice light and clean. The bungalows will sleep up to 3 to 4 persons, the sofa in the lounge will accommodate a single person, but if you replaced this with a sofa bed then you could accommodate 4 persons. The bathroom has a small childs bath, shower, toilet and wash basin, hairdryer, is fully tiled, and nice and clean. The bedrooms have 2 twin beds. Each bedroom has a telephone and fitted mirrored wardrobes. The lounge/kitchen is open plan, the furniture is comfortable and clean, with satellite TV and a direct telephone line. The kitchenette has fridge, microwave, toaster, and coffee maker. We will help you advertise your new rental property to gain maximum rentals.



There is a large drying area at the back of each bungalow, this could possibly be converted to a second bedroom with its own bathroom.



Prices From: Euro 160.000 Approx. 107.000

Bedrooms: Bathrooms: Price (€):
1 1 160,000
Features:
Submission Date:
10-04-2009
Advertiser Details:


Name:
Lynne Robinson

Company:
Freedom 4 Sale

Phone:
+34617225369
Fax:

Mobile:
+34617225369

 
Property Photo Gallery

 

Apartment For Sale in Playa Blanca, Lanzarote

Apartment For Sale in Playa Blanca, Lanzarote

Apartment For Sale in Playa Blanca, Lanzarote

Apartment For Sale in Playa Blanca, Lanzarote
 
Calculators

 
Property price: €160,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations