Apartment in Estepona, Estepona West, Valle Romano

Property description

PLEASE read the ad carefully. This property is for investment only, not suitable for living.

As an owner of an apartment at this golf resort, you can have personal use of your property for 8 weeks every year. Moreover, you will have access to all the facilities of this four-star hotel.

You can schedule these weeks of private use yourself, subject to respecting the conditions (low, mid and high season).

During the periods when you are not using your flat yourself, your flat will be included in the rental system of Ona Condohotel (part of ONA Corporation, a management group in the tourism sector).

Ona Condohotel is the operator and manages your property. You have nothing to worry or think about. If anything is broken, it will be repaired by the hotel.
In return, you are granted a rental guarantee and a guaranteed economic return.

This modern, fully equipped and in excellent condition apartment, has 2 bedrooms, 2 bathrooms, a large terrace and also a fully equipped kitchen. The bright and spacious living room has direct access to the large terrace. From there you have a panoramic view over the golf course and side sea view.

The property also includes a parking space in the underground garage and a storage room.

Besides that, this complex has a gym, paddle/tennis courts, 3 communal swimming pools, spa, golf, clubhouse, restaurants and children's playroom.

A shuttle service to the beach (3 km) is offered during the high season.

The investment opportunity is a return variable and with verified revaluation.

Investment:

Year 1 to year 3: 5% guaranteed net return per year
Year 4 to year 15: Guaranteed minimum return per year + Bonus through participation in operating profits

Personal use:

Low season: 4 weeks free for planning included (150 euros/week for water, electricity and cleaning)
Mid season: 2 weeks free for planning included (150 euros/week for water, electricity and cleaning)
High season: 2 weeks free for planning included (Official rate minus 35% discount for owners)
Additional weeks are possible to the eight weeks of personal use. Price: Official rate minus 20% discount for owners.