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Investment property in Spain

WIN-WIN SITUATION

The condominium hotel sector is set to take the European market by storm.

Europe is ready for condos thanks to high pricing levels in the commercial real estate market and compressed yields in the hotel investment sector: "With fewer opportunities to acquire commercial real estate investments at prices that reflect attractive income yields, investors are prepared to shift further along the risk-reward spectrum."

While initial costs may vary from a €100,000 room in a Mediterranean resort to £250,000 (€370,000) for a London room, the average returns expected are between 6% and 7%".

Ian Chappell
Senior Vice President
Jones Lang LaSalle Hotels


Check out before you check in!

"Despite the slowing real estate market, condo hotels are continuing to thrive, largely because 74 million baby boomers are looking for places to spend their money.

Condo hotels are part of at least 10% of every hotel project currently being built"

Annika Mengison
Staff Reporter
The Street.com


The Royal Suites - Marbella, Spain


A quality five-star investment for the discerning buyer - 1, 2 and 3 bedroom luxury suites starting at €130k with anticipated R.O.I of 12%. 100% mortgages available subject to status.

FIRST PHASE UNITS ARE OFFERED AT 30% BELOW MARKET VALUE WITH BANK VALUATION TO PROVE IT!

These properties are expected to generate over €13K p.a net of taxes with no ongoing annual costs. Investors also automatically get a Spanish bank account with the mortgage plus an Owner Invest / Banesto Visa credit card.

Fastro is privileged to offer to the market the five-star Marbella Royal Suites, situated close to the ancient, picturesque village of Benahavís on the Costa del Sol – acclaimed for its fine restaurants, art galleries and fabulous scenery. For under €130,000 (with the option of an 100% mortgage subject to status), investors can purchase a fully furnished 80m² apartment in this extremely desirable, high-profile residence that promises exciting returns.

Occupying a prized location, Marbella Royal Suites consists of 120 one and two bedroom apartments and three-bedroom duplex penthouses. Just ten minutes from the chic Puerto Banús, and overlooking the fairways of El Paraíso golf course, it also boasts panoramic vistas from the mountains down to the sea.

 
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Impressive on-site facilities put the emphasis on luxury and include swimming pools, a full equipped fitness centre, landscaped gardens and business facilities.

All apartments come with fully fitted top-brand appliances, 24-hour security surveillance and each terrace is adorned with flower bowls and fitted with an automatic irrigation system.

Via a seven-year lease-back scheme, owners will earn 45% of ‘pooled’ income generated by the suites and accrue up to 56 days personal usage each year at no additional cost. This is an ideal investment for any shrewd buyer, as occupancy rates in this area are relentlessly high and capital appreciation is a given in this long-established property market. The hassle-free style of this purchase is also incredibly appealing, where the established and respected leisure management company Kasamia market and manage everything for you.



All the investor has to do is sit back and reap the considerable rewards.


Luxury Hotel and swimming pool




   
MARBELLA
 
» The Royal Suites