We are pleased to offer as Sole Agents a very lucrative Investment Opportunity to purchase 12 new Studio (2), 1 Bed (5) & 2 Bed (5) Apartments, fully furnished and equipped to a high standard in the prestigious Virginia Oasis complex in Playa Blanca, Lanzarote. This investment opportunity is for a corporate purchase of our clients company?s interest in these units and comes with guaranteed bank finance of between 70 to 80% of the Contract Price plus 5 year rental guarantees on all of the apartments, providing a self-funding investment opportunity for the discerning investor.

No of Studio Apartments: 2
No of 1 Bed Apartments: 5
No of 2 Bed Apartments: 5
Finance Available: 100%
Annual Rental Income: €75,600.00
Brokerage & Admin Fees: €33,785.00
Management Contract: Yes
Management Term: 5 Years
Tinsa Valuation: €1,705,000.00
Contract Price: €1,500,000.00
Deposit Required: €0.00
Net Return at 70%: €261,807.50
Net Return at 80%: €420,707.50


NOTES TO PURCHASERS

All negotiations are strictly Subject to Contract. Purchasers should be certain of their interest prior to making an offer as the contract will involve the payment of €33,785 in Brokers Fees and Administrative Charges in advance which will be non-refundable in the event of a withdrawal of offer before contracts have been completed. This proposal is for the purposes of a Corporate Purchase only. A Private Purchaser will be liable for Property Tax at the Rate of 6.5% of the Contract Price as opposed to the 1% allowed by Spanish Law for Corporate Property Purchases as calculated above. A non-refundable Administration Fee is payable in advance upon the Agreement of the Terms of Sale. The Brokers Fees must also be paid in advance at time of application. The Buyers Deposit will be provided by a Guarantor for the purposes of the purchase only and will be refunded in full upon completion of the purchase. The Rental Guarantees will be paid yearly in advance directly to the Mortgage Account of the Purchaser. Finance is guaranteed Subject to the provision of all necessary paperwork as required by the Bank or their Agents.
Solicitor?s costs have not been factored in to the above figures and both parties should agree their own rate with their legal representatives. Mortgage Repayments are calculated based on a Loan over 30 Years at an Interest Rate of 3%, Rates are Subject to change and may vary prior to the completion of the contract.

A Unique Opportunity To Obtain a Magnificent 4 Star Hotel Complex Situated Just Outside of Prague, In The Middle Of The Most Beautiful Czech Nature Reserve.

This Spectacular Luxury 4 Star Hotel Resort Has Just Been Released For Sale. This Is A Fantastic Opportunity To Acquire This Exquisite Property Set In Over 85 Acres Of Private Stunning Woodland, Lakes And Rolling Hills. This Is a Golden Opportunity for a Serious Investor to Obtain This Property Well Below Market Value

An opportunity to purchase 2 x Residential Development Schemes in Portlaoise and Wexford and 1 Site with Full Planning Consent. The developments are over 50% complete and have been finished to an extremely high standard. Due to the slow down in the Residential Sales market the properties are rented on Private Tenancies which provides a current rent roll in excess of €330,000 per annum. At full occupancy the projected rental income will be in excess of €770,000 per annum.

The completion costs for the Rinnuicci Development in Kilmichey, Portlaoise is estimated to be in the region of €4,000,000 but there is a contractual agreement with Portlaoise Council to purchase 28 of the units under the Affordable Housing Scheme at an agreed price of €4,340,000 which will more that cover the building costs.

This is a unique opportunity for a discerning investor to capitalise on the economic downturn and secure a virtually risk free self funding long term investment opportunity second to none.

A recently refurbished tourist complex centrally located in the resort of Puerto del Carmen, currently used by well known tour operators. 83 of the apartments are 1 bed with lounge, kitchen and terrace area and the remaining 2 are studios. There are 3 swimming pools, reception, offices, pool bar, supermarket and restaurant. Excellent sea and mountain views from top floor apartments.

Apartamentos Lanzarote is a completely renovated complex (2004) of 1 and 2 bedrooms apartments built around a large heated swimming pool with a bar, restaurant and common areas. All rooms are large approximately about 50 square meters, have 2 single beds, bathroom, lounge kitchen (with facilities to cook), the terraces have tables and chairs enabling guests to enjoy the sun, fresh air and watch the wonderful sunsets. All the apartments have satellite TV, telephone, safety deposit box and they are all on the ground floor.

Puerto Del Carmen is Lanzarote's original resort. The famous "strip" runs for eight kilometres, with golden sandy beach on one side, and bars, shops and restaurants on the other. The resort is a mecca for water sports enthusiasts as well as offering a fabulous nightlife. The Old Town area boasts some of the island's best restaurants, as well as The Biosfera shopping centre. Matagorda is a quieter part of the resort and is more family orientated. A new golf course is just outside the town.