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Spain > Green Sea Properties S.L. >
Terrazas Costa del Sol |
Project Location:
The Terrazas Costa del Sol development is located in
an area called Bahia de las Rocas, in the town of
Manilva, between Sotogrande an the La Duquesa Golf,
approximately 50 km from Marbella. With its beaches
which can be reached by foot, nearby golf courses,
yachting ports and polo fields, the area entertains
families, children and mature tourists drawn from all
over Europe.
Development Overview:
The site's gentle incline provides for a remarkable
vantage point offering spectacular views. Gaze out
from this magnificent location across the Mediterranean
bathed in the dazzling light of southern Spain, where
Gibraltar draws your attention like a magnet.
Enjoy breathtaking panoramic views of Sotogrande's
yachting port, sketch out the contours of the African
coast, and then lose yourself on the horizon, out there
where the sky and sun come together.
Leisure Facilities
- Some of the most famous golf courses in the world
- Cascading swimming pool
- Water sports
- Jogging path
- Sotogrande yachting port
- Kids’ club
- And many more…
Pricing:
1 Bed apartment
- 185,600€
2 Bed apartment - 243,000€
3 Bed duplex apartment - 382,800€
What is a Spanish Leaseback?
A new way to invest in property in Spain is to buy a
leaseback property which benefits from a
government-backed VAT-refund, designed to encourage
investment in apart-hotel residences. Through
freehold ownership of an apartment that is leased back
to the management company for a minimum period of 10
years, investors benefit from guaranteed annual returns
from their fully managed and maintained property with
relatively low up-front costs and no ongoing maintenance
or running charges. Main Features of a Leaseback
Property with P&V:
- A freehold, fully furnished property
- Investor entitled to reclaim the 16% VAT over a
10 year period
- Property leased to P&V management/tourist
company for minimum 10-year period, with automatic
renewal for a further 10 years
- Investors receive index-linked, guaranteed
annual rent with options for personal usage
- No running charges or maintenance costs
What Does Leaseback Mean?
Investors buy the freehold of a property outright and lease it back to a management company who specialises in the tourist management, maintenance and rental of these apart–hotel properties for a minimum 10-year period. In return owners receive a guaranteed annual return, irrespective of occupancy of the property, NET of all communal charges, maintenance and running costs.
Pierre & Vacances is uniquely and very importantly the developer and the manager of the properties it sells with 6.4 million clients staying in over 200 residences in 6 European countries each year, so has a very clear vested interest in the quality construction, location and ongoing maintenance of the properties.
Pierre & Vacances was the pioneer of the leaseback concept with the creation of the first car-free ski resort in Avoriaz, France, in 1967.
The P&V Leaseback
We take care of your property, including all maintenance and upkeep, guarantee you rent, net of all running costs, whether your apartment is actually occupied or not. You choose the purchase a formula which best suits your requirements: pure investment or a combination of investment with holiday usage. Moreover, an up-front VAT rebate is available. (Contact us for more details)
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