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Property for sale information

 
Matagorda Bay Apartments, Lanzarote  
Reference nr: BB459894
Description:

High spec apartments in Matagorda

'Matagorda Bay' apartments enjoy panoramic sea and mountain views and are just minutes from the beach, shops and restaurants.

Completely renovated in 2008, Matagorda Bay apartments enjoy an upmarket location just minutes from beach, shops, bars and restaurants; 3km from Puerto del Carmen and a 10 minute drive from the airport. All apartments are completely renovated, and feature furnished stylish, modern interiors, with one or two private terraces.

Studios and 1 beds available.

Majority of apartments have sea views
2 solar heated swimming pools
Free wireless broadband internet connection
BBC1, BBC2, RTE1, RTE2, ITV, Channel 4, Channel 5, Sky News (free to all apartments)
Gated community on 6500m2 grounds (approx. 1.5 acres)
Ideal Holiday Apartments

The renovation has been carefully planned to impress investors and pamper sun seekers. Highlights include a heated pool, sunbathing areas, mature gardens, on-site laundry and reception facilities, wireless internet access and satellite TV, making the properties ideal for those buying with holiday lets in mind. All apartments feature ergonomically designed, stylish modern interiors and are being sold fully furnished with appliances and flat screen TV included.

The bedrooms are styled on hotel accommodation and feature spacious built-in wardrobes. Bathrooms and kitchens are modern, with quality tiles and granite worktops. Some apartments offer utility rooms. External doors and windows are double glazed. All apartments have a private balcony or terrace.
Prices from €89,950!


Guaranteed Rental Income and Personal Use
You purchase the property and we rent it out for you with up to €6,000 guaranteed rental income for up to 5 years. In addition you may use the apartment for up to 8 weeks per year, with no restriction on which weeks you use. There are no maintenance fees to pay and the management company handles everything, making this the ideal opportunity for buyers looking for a hands off approach to property investing.

• Legally binding contract up to 5 years
• Up to €6,000 income per year
• Up to 8 weeks personal use
• Freehold
• Prices from €89,950
• 70% finance

For more details call +34928514856 or email info@bellalanzarote.com

Bedrooms: Bathrooms: Price (€):
1 1 89,950
Features:
Beach
Submission Date:
12-10-2007
Last Update:
10-24-2008
Advertiser Details:


Name:
Brian Brosnan

Company:
Bella Lanzarote

Phone:
+34 928514856
Fax:
0034928514856
Mobile:
+34 660616078

 
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Matagorda Beach

Bedroom

Lounge

Spacious Terrace
 
Calculators

 
Property price: €89,950
 

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