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Property for sale information

 
Club Valena, Metagorda  
Reference nr: MM706583
Description:

The Club Valena Apartments are situated in Matagorda, Lanzarote and are about 3 kilometres from the lively centre of Puerto del Carmen but only a 10 minute walk to the beautiful beach of Los Pocillos. There are shops, bars and restaurants all within walking distance and the Airport is only just 5 minutes away.

The club Valena Apartments are in the smaller cosmopolitan area of Matagorda. They are only a few minutes walk to the nearest sandy beach where you will find a variety of water sports on offer and are close to the resort centre where you can grab a short taxi ride to the more lively resort of Puerto del Carmen.

The Matagorda area offers you peace and tranquility, yet is within easy reach of the centre of Puerto del Carmen which has a friendly atmosphere, vibrant nightlife and a superb beach. There is a wide choice of shopping, eating and drinking establishments and it is known as the nightlife capital of the island.

The apartments are light, airy and quite spacious. They have an open plan design with lounge, kitchen and breakfast bar with stools. The kitchen is fully fitted with fridge freezer, kettle and a toaster. All bathrooms are fully tiled and have a bath, shower and bidet. The bedrooms all have twin beds and built-in wardrobes with a safety deposit box.

The rental potential is excellent as there is a tourist license attached to the complex. You can quite easily obtain 550 euros per week for 2 persons, plus an extra 50 euros per person in the two bedroom apartments. Additionally, you will have the option to advertise your new property online direct to the growing holiday rental market in Ireland and the UK through our new holiday rental website at www.holidayrentsabroad.com

A number of the apartments have sea views and all have a private terrace with patio table and chairs. There is a large communal pool with non slip tiles, ample sun loungers, separate children`s swimming pool and a play area with rubberised tiles to prevent accidents or injury. Outside the pool area there are showers, changing rooms and toilets. The reception area has a cocktail bar and snacks are served all day at the pool side bar. There is also a pool table and a computer with internet access. The complex also has its own in-house Launderette.

These apartments in Matagorda will appeal to couples and families looking for a relaxing base from which to enjoy the excellent sandy beaches and calm warm waters of the Lanzarote coastline.

The Club Valena Apartments are set within their own well maintained, mature gardens where you will find the odd Magnolia tree which, when fully in flower, is absolutely fabulous. The complex has a nice friendly and relaxed atmosphere with 44 one bedroom apartments and ONLY 10 two bedroom apartments.

These apartments will sell very quickly as the location is fantastic. A credit card payment of just 1,000 euro will reserve one of these apartments and we can arrange an inspection visit to the area so that you can see first hand what a great opportunity this is to get your foot on the property ladder in Lanzarote.

Facilities

Pools, Children's pool and play areas, Garden, Bars, Launderette, close to beaches, shops restaurants and nightlife

Bedrooms: Bathrooms: Price (€):
1 1 125,000
Features:
Beach
Furnished
Private Swimming Pool
Submission Date:
11-17-2007
Last Update:
11-17-2007
Advertiser Details:


Name:
Michael Mee

Company:
Spain Home Assist

Phone:
00353 41 9827995
Fax:
00353 41 9827995
Mobile:
00353872581108

 
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Calculators

 
Property price: €125,000
 

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