Oliva Nova Golf, Denia, Costa Blanca, Spain

Oliva Nova Golf, Denia, Costa Blanca, Spain

The temperature in the region rarely falls below 65ºF therefore providing an ideal resort for year round rentals to not only golf enthusiasts but also holiday makers in general. The town of Denia is only a few Km away and provides even more bars, restaurants, shops and water sports all this sits in harmony with the fantastic ever apparent Spanish culture and spectacularly overlooked by the Fortress on the hill above the town.

This fantastic development is situated only meters from the Olivia Nova golf course, beach and amenities. The development comprises of 1 and 2 bed apartments and townhouses and is set amongst beautiful landscaped gardens.

The apartments are all completed to the highest standards and each apartment has at least one balcony and a car parking space.

Long Term Rental Options
As construction continues in and around the northern region of the Costa Blanca the demand for accommodation has risen. Conversely the appointment and construction of hotels has diminished and as such there is a dearth of accommodation within the coastal areas.

Several large tour operators have now started to address this situation and are currently looking for suitable complexes and developments that can house significant numbers of holiday makers.

Residencial Dunas Golf Oliva has been earmarked by several operators as the ideal opportunity to add to their international portfolio - which they aim to do so 6 months prior to completion.

Investment Highlights

• Some apartments will have commanding views of the golf course, are 5 min walk from the white sandy beaches, and are freehold with terraces, gardens and balconies
• Facilities include outdoor communal swimming pool, an indoor covered winter swimming pool, gymnasium, tennis courts and extra communal gardens
• The prices of these apartments are low for the area; coupled with the Golf course and guaranteed rentals, there is excellent potential of capital growth of around 20% during the 18 month build program
• Option to resell at anytime before completion in 2008
• One car parking space included with each apartment
• 10 years building guarantee plus bank guarantees on all apartments

Benefits
For a capital investment of an initial 15% and a further 10% over an 18 month construction period the investor will achieve the following:

• Significant equitable growth through the construction period of 20%
• A continued equitable growth of approx 5-7%per annum after construction
• An anticipated rental contract which will yield greater than 5% of the property valuation at completion per year guaranteed
• In the event of an unsatisfactory rental offer the guaranteed compensation of €10.000
• The opportunity to borrow mortgage funds at rate of 3.2-3.5% over a 30 year period

Key facts

• Prices from €90,000
• Completion 2008
• Unit types Apartments and townhouses

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