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Property ID: PBA104

Location: Playa Blanca, Lanzarote, SPAIN
Price: 28750 (EUR)
Number of bedrooms: 1
Property Type: Flat/Apartment
Sale Type: Resale

Property status: Available

You wont find anything else more affordable.

25% share with 3 other owners of a beautiful 1 Bedroom newly refurbished apartment in Playa Blanca, Lanzarote on a complex with four pools, pool bar, restaurant and supermarket.

Number bathrooms: 1
Parking: Off Street Parking
Pool: Communal
Garden: Communal
Tenure: Freehold
Condition: Excellent
Furnished: Furnished
Communal fee: 264
Distance sea: Walking
Distance airport: 30 mins
Distance golf: 30 mins
Distance attraction: Walking

Details: Features

- Modern apartment
- Quiet area
- Complex with 4 pools
- Restaurant
- Supermarket
- Games room
- Gym
- Pool bar
- Near to beach and shops
- Childrens play area

Full description

28,750 Euros + 3,450 taxes and buying costs (aprox)

Refurbished, one bedroom apartment, on a secluded, well maintained two story complex, close to the beach and the town centre of Playa Blanca. The apartment has been refurbished to a high standard, complete with new appliances which still have their labels on and the upgrade is quite outstanding. The apartment consists of an integrated living room/dining room with kitchen. There is a separate bedroom and bathroom with bath and shower. With the use of the day bed in the living room the apartment can sleep four people quite comfortably. The apartment is surrounded by beautiful mature well maintained gardens and has its own private terrace.

The complex has 4 pools including kiddies pool, pool bar , mini-golf, tennis, table-tennis, kids club & play area, gym, supermarket, evening bar and theatre with daily entertainment

All of this can be yours for as little as 10000 Euros deposit (buying costs included in deposit)when buying with our new own quarter concept.This is 25% of the freehold of the property

This 25% ownership in the property will give you a guaranteed
13 weeks personal use. The mortgage balance based on a 40 year old person over 30 years is only 100 Euros per month each year. The community fees including electric, water etc are 22 Euros per month .
Total out lay / year 122*12=1464euro
If you used it personally for 4 weeks and rented 6 weeks to friends at 250euro/week=1500 euros/year
you have no outlay apart from the deposit of 10000 euros!!!
And best of all this is an all inclusuve hotel complex where you can eat breakfast,lunch,and dinner in the restaurant and drink all you want for as little as 26euros per day (owners get 25% discount)

Ownquarter means exactly that. Own one quarter of the freehold property with three others. With the soaring costs of property it has started to become the way forward for Europeans as an affordable way to purchase their holiday home abroad, to get a footing in the property market and as a sound investment for the future. The biggest disappointment to most owners who have purchased a holiday home abroad is that they usually only use it for four weeks in the year. It then becomes a liability as it sits vacant for the remainder of the year, a whole 48 weeks, during which time the mortgage and the bills for the upkeep must be paid.
Remember, if you have a quarter share in your property, the annual running costs are carried by four of you and the weeks you do not wish to use can let out so there is no such thing as wasted weeks. From the investment side, you may not want to use the property for your holiday so all weeks can be let out. In today's economic climate where consumers want to make their money work for them, then quarter ownership is a particularly good form of investment.
You can sell your 25% share at any time just as you would should you own a complete property. This innovative way of buying has helped many clients not only to have their holiday home abroad but has allowed first time buyers to finally get a foothold on the property ladder. This property can also be bought as a half or complete ownership.

To see and understand more of this new concept in property buying, please visit our site, www.ownquarter.com

Ownquarter, Lanzacasas are now dealing with all the major banks on the island that have property repossessions. As the banks are keen to sell these properties, they are offering between ninety and one hundred percent mortgages. If you are able to complete the purchase within eight weeks then please enquire for a list of the repossessions. However if you are unable to complete within the eight weeks the properties will have been sold. Please send your details to allow us to update your list daily. Lists will only be sent to enquiries with telephone numbers.

Ownquarter, Lanzacasas also specialise in bargain properties well under market value and can normally obtain mortgages for difficult cases.

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