Spain Costa Azahar Golf Course Development (MD10688771)
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This development of 214 properties is located on a well-regarded golf course it was constructed in 2008 and is just a 15-minute drive from the sea. The resort was closed 18 months ago as the developer has been going through the bankruptcy process and now is in the hands of the administrators. As all the properties have separate deeds, the development could be broken up and sold as individual units giving a projected return of between €25 & €30 million. The sale of half the asset could return all the initial outlay, the asset is a great investment from day 1. There are 174 large apartments of two & three bedrooms, all with minimum 2 bathrooms, 31 x three bedroom duplexes & 9 x three bedroom villas We feel the property is also suitable for an aparthotel, serviced apartment investor, or retirement home operator. This is a fantastic opportunity to acquire the development at a third of the bank debt. Tel: Int + 44 (0) 7932 833545 E: allseasons@easy.com
This property is located in: Vinaros, Vinarose, Vinaroz (Comunidad Valenciana, Spain).
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Lingfield Park Marri... Hotel ~ 0,428 km
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All Seasons (Real Estate Agent & Developer) from Spain
About All Seasons
All seasons specialises in Spanish property bargains, Spanish bank repossessions and distressed sales on the Costa del Sol.
These properties rarely come on the open market and are usually bought by investment groups who know that it is cheaper during this small window of opportunity to buy than to build.
Uur insider knowledge gained by over 20 years involved in spanish property, enables us to source apartments, luxury villas, & whole developments at up to 50% discount.
So why not cash in on the credit crunch? frequently properties can be bought with very low, or no deposit mortgages, plus in some cases “cash back” to service the mortgage.
All properties are checked for legality and we can handle everything for you