Located in the Hotel Parque Tropical, we are offering the freehold for Apartment Number 3754, 63,22m2 with two bedrooms, a bathroom, large living room with 58.66m2 of terraces, fully equipped kitchen, parking space and 3 community pools.
This property is sold furnished and is part of a tourist entity where you lease the property back to the community. It yields approx. 3% return after costs per year. There is a period that you can use it for personal use by application to the community.
The community leaseback covers the community fees (70 Euros a month) and management of the property as well as all utility bills such as water, electric and public insurances.
Set in a residential area, this relaxed all-apartment hotel in a modern, terracotta-toned building is a 12-minute walk from the beach and 12 km from Desert Springs Golf Club.
Leaseback when the hotel / community leases it back from the owner to an agreed period (renewed yearly); therefore, enabling the Hotel to continue to be able to have use of the property but the Owner is beneficially entitled to the freehold of the property.
The Owner established a right of use to the Hotel / community for a Leaseback period .
Each year is divided into three distinct seasons for example:
Low Season closing (LS) comprising, January, February, October, November and December.
Mid Season (MS) comprising April ,May, June, July, and September
High Season (HS) comprising the month of August.
Typically, this Hotel will close from end of September to the beginning of March as a tourist calendar.
The Owner is entitled to reserve for themselves the use of the property by prior arranged agreement as the Hotel has the right of use of the property for the remaining period of the year in which you receive a yearly payment.
THE HOTEL IS RESPONSIBLE FOR:
All of the annual costs of maintaining the property and furnishings, equipment and effects in good condition.
All Community and Property Management Fees, including the period of use of the property by the Owner.
Property Contents Insurance.
All costs incurred for use of water, electricity, waste disposal and rubbish collections other than the periods of use of the property by the Owner.
THE PROPERTY OWNER IS RESPONSIBLE FOR:
An annual fee for the usage of water, electricity, waste disposal and rubbish collection during the periods of their use of the property.
The cost of laundry, cleaning and welcome packs required during the periods of the owners use of the property.
All costs corresponding to the contracting of electricity water and drainage with the supply companies and with the Municipality for the collection of rubbish and other such contributions including Property Tax (rates 352,97 Euros a year), whether national or local and which are incurred annually.
It is a nice option to get onto the property ladder whilst having an asset in Spain. The hotel is a popular venue with all services and amenities available onsite. A breakfast buffet (fee) is served in the relaxed bar / cafe with a terrace, which also offers lunch, dinner and tapas, and there's a sports bar with big-screen TVs. Other amenities include 3 outdoor pools, a gym and a game room, plus a kids' playground and a summer entertainment program.
Who We Are
We are an Irish owned company and trading since 2005. We are CIF registered in Spain (Number B04833737) & inscribed in the "Registro Mercantile de Almeria", AIPP regulated and CIPS - Certified International Property Specialist, we are also a member of the National Association of REALTORS® with NRDS ID: 061237049.
We offer more than just selling property. The company was formed as a combined venture between Stephen Howlett and Victoria Venturini. We have three children together (Two born in Almeria). This has provided us with experiencing many different aspects from local integration to schooling since our permanent move from Dublin, Ireland to Mojacar, Costa Almeria, Spain in 2003