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Property Details
Apartment, Cuevas de Almanzora - Ref: sun50+
Description
New to Spain an Over 50's Complex that offers brand new furnished apartments, a health care package from Almeria Angels to give complete peace of mind so you can enjoy the lifestyle that you deserve, and hobby activities, the cost of which are all included in the community charge!!!!
A new build complex that will be started in June 2009 with a guaranteed completion in June 2010. There are bank guarantees and special stage payments available.
The complex will offer Studio Apartments from 64,980€, 1 Bed apartments from 86,640€ and 2 Bed Apartments from 108,300€.
There will be a warden on hand for any problems and medical staff for health care.
The complex will include indoor and outdoor pools, jacuzzi, saunas, gymnasium. and bowls green.
There will be various hobby activities available - car restoration, greenhouse gardening, fishing with a boat supplied, golf, power walking, spanish and cookery lessons. All the activities and medical care are included in the cost of the community charge (the only extra being a charge towards diesel for the fishing boat if used).
Two types of purchase are on offer - Lifetime Lease or Full Ownership.
It is possible to start with a Lifetime Lease and at a later date change to Full Ownership.
Full details of these two types of purchase, availability and a full financial proposal are available on request.
We are able to offer clients 1,000€ cashback on completion if purchased through us.
Lifetime Leases
VALUE: Value of the property
DEPOSIT: Returnable amount
FEE: None returnable amount
LEASE: None returnable monthly fee
Value Deposit Fee Lease
€65,000 €9,750 €9,750 €300
€75,000 €11,250 €11,250 €346
€85,000 €12,750 €12,750 €392
€95,000 €14,250 €14,250 €438
€105,000 €15,750 €15,750 €485
€115,000 €17,250 €17,250 €531
€125,000 €18,750 €18,750 €577
€135,000 €20,250 €20,250 €623
€145,000 €21,750 €21,750 €669
€155,000 €23,250 €23,250 €715
LIFETIME FREQUENTLY ASKED QUESTIONS
Q. What happens if I wish to move out or I die?
A. We will return the deposit to you or your next of kin, upon the entrance of a new resident.
Q. Can the monthly lease be increased?
A. Only by the cost of living, inflation, and never above 3 %
Q. What happens if I decide later to change my contract from lifetime lease to full ownership?
A. The amount to be paid to finalise the full purchase would be the original value, plus legal fees and taxes, less the already paid deposit and fee. I.E on a €65,000 apartment.
The resort takes a €9,750 returnable deposit and a €9,750 euros fee. You can carry on paying monthly lease for as long as you wish. However, if at a later date, you wish to turn the lease into a full ownership, then, you would pay €52,000.
Which works out as follows: €65,000 (value of property) + €6,500 (tax and legal costs) – €9,750 (deposit) – €9,750 (fee) = €52,000.
Full Ownership Purchase
VALUE: Price of Property
VAT: Spanish tax on properties
OTHERS: Solicitors, deeds, etc.
TOTAL: Total amount paid for property
Value VAT Others Total
€65,000 €4,550 €1,950 €71,500
€75,000 €5,250 €2,250 €82,500
€85,000 €5,950 €2,550 €93,500
€95,000 €6,650 €2,850 €104,500
€105,000 €7,350 €3,150 €115,500
€115,000 €8,050 €3,450 €126,500
€125,000 €8,750 €3,750 €137,500
€135,000 €9,450 €4,050 €148,500
€145,000 €10,150 €4,350 €159,500
€155,000 €10,850 €4,650 €170,500
FULL OWNERSHIP FREQUENTLY ASKED QUESTIONS
Q. Can a person under 50 buy an apartment?
A. Yes. But cannot use it.
Q. Can an apartment be resold?
A. Yes it can.
Q. Can it be rented?
A. Yes it can. However, our intention is to create communities and we would like to have as many permanent residents as possible.
Q. What happens to the apartment if I die?
A. It will be passed on according to your will. If the new owner is under 50 years of age, we could lease, sell or rent the property for them .
Community Fees
The community fee
Property Photos
