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Vera Mar Residential - 1, 2 Bed Apartments in Valencia Town

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Property ID: 313055

Apartment

Available units

1 bedroom apartment

56.18m2 - 77.06m2 : from €290,000 to €320,000

2 bedroom apartment

96.4m2 - 99.06m2 : from €355,000 to €384,000

Delivery date: 2009

Key Features

- Valencia city off plan investment property
- 2.9% payable on contracts
- 7.1% payable monthly during build time until 2009
- 89% mortgage agreed
- Situated 2nd line to the sandy beach
- UK sole agency of these EXCLUSIVE apartments

Investment opportunity on rarely available land that commands spectacular sea views yet within a few minutes reach of Valencia city centre Superb payments with 2.9% on contract 7.1% in monthly instalments until completion in 2009 89% mortgage agreed

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Full Description

An investment opportunity on rarely available land that commands spectacular sea views yet within a few minutes reach of Valencia city centre
A superb financial payment package with 2.9% payable on contract
7.1% payable in monthly instalments until completion in 2009
89% mortgage agreed with the funding bank

Vera Mar Residential is a superb development located second line from the sandy beach of Valencia city in an area undergoing extreme expansion and investment in the before and after wake of the 32nd America's Cup. This development is located within walking distance to the newly extended port of Valencia and within very easy reach to the vibrant and diverse city centre of Valencia.

We are able to exclusively offer our clients 51, 1 and 2 bedrooms apartments which presently are only being offered to the Spanish market. You will not find this Investment Property opportunity with any other agent! This development is situated in a prime location being, not only being just set back from the beautiful sandy beach of Valencia, but also in the middle of an area that has undergone major investment and an area that is attracting a lot of excitment and attention nationally and internationally. The area in front of these apartments has been developed, by the same developer and built with the same high standards. Due to the position of this apartment building some units on the higher levels will have a sea view from the balcony.

The two buildings in this block include a central communal area that will include a swimming pool and a children's area. The entire development is completely free of traffic and includes a lovely park area.

Underground parking with storge is included in the price.

These buildings are in construction and the development as a whole will be ready in 2009.

Payment terms
We have agreed an excellent, lowest ever payment package on your behalf:

On contract just 2.9%
7.1% payable in monthly instalments until 2009.
The balance is payable on the mortgage already agreed, subject to status.

The deposit on these apartments start from an incredibley low 10% which, you will see on the price lists below, is payable in easy instalment payments during the build time. On the price list you will also see the amount of mortgage that is available for each apartment upon completion, by the funding bank, subject to status.

Rental income
Similar high-quality properties in this prime location are rare, making these apartments perfect as long term lets to locals and this will also be one of the most popular locations for the future emerging holiday market which will in turn produce a far more lucrative rental income.

There is a strong local demand for rental accommodation in this area and after speaking with various rental agencies a 2 bedroom apartment basically furnished would generate a monthly income of around 1000 Euros on a long term let.

Its location makes it increasingly popular with Spanish nationals and Europeans being developed on prime land just set back from the 4km long sandy beach and also within 5 km of the city centre. As the holiday rental market establishes itself, properties with easy access to the beach will have an additional, more lucrative market in the future, which means that anywhere near to the Malvarrosa and Patacona beaches would be a good choice.

Location report profile
This superb development is located in the Valencian suburb of Alboraya - an area that is undergoing major expansion and is situated just set back from the 4 km long sandy beach front. This area is attractive to local professionals who work in the city of Valencia or in the nearby University of Valencia. There is very little land available in the surrounding area that can command such spectacular views and positioning in Valencia making this a very special development and investment.

This development is well connected by way of the metro which is within walking distance from this development that will transport you to many attractions and facilities such as, the city of Valencia 5 km away, directly to the airport, University of Valencia 2 km away and the Arts and Sciences buildings 4 km away, now the most visited museums in Europe.

The sandy beach of Patacona is literally on the door step of this development that also has a lovely long promenade with bars and restaurants alongside, ideal for evening strolls into the port and other local areas. The recently redeveloped magnificent Port of Valencia is within walking distance being just 2.8 km away and the newly agreed Monaco style Formula 1 circuit, that can produce speeds higher than those achievable in Monaco, is within walking distance from these apartments.

Prices and plans
Please request and we will send these through to you by return.

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Disclaimer

All investments bear varying degrees of risk. TheMoveChannel.com strongly discourages you from making any investment decision based upon information that you cannot independently confirm and strongly recommends that you seek advice from a qualified financial advisor or solicitor before you make any financial investment.