Spain Costa Azahar Golf Course Development
Euro €10,500,000
Published date: May 18, 2017
- Location: Costa Azahar, Spain
This development of 214 properties is located on a well-regarded golf course it was constructed in 2008 and is just a 15-minute drive from the sea.
The resort was closed 18 months ago as the developer has been going through the bankruptcy process and now is in the hands of the administrators.
As all the properties have separate deeds, the development could be broken up and sold as individual units giving a projected return of between €25 & €30 million.
The sale of half the asset could return all the initial outlay, the asset is a great investment from day 1.
There are 174 large apartments of two & three bedrooms, all with minimum 2 bathrooms, 31 x three bedroom duplexes & 9 x three bedroom villas
We feel the property is also suitable for an aparthotel, serviced apartment investor, or retirement home operator.
This is a fantastic opportunity to acquire the development at a third of the bank debt.
E: [email protected]
Tel: Int + 44 (0) 7932 833545
The resort was closed 18 months ago as the developer has been going through the bankruptcy process and now is in the hands of the administrators.
As all the properties have separate deeds, the development could be broken up and sold as individual units giving a projected return of between €25 & €30 million.
The sale of half the asset could return all the initial outlay, the asset is a great investment from day 1.
There are 174 large apartments of two & three bedrooms, all with minimum 2 bathrooms, 31 x three bedroom duplexes & 9 x three bedroom villas
We feel the property is also suitable for an aparthotel, serviced apartment investor, or retirement home operator.
This is a fantastic opportunity to acquire the development at a third of the bank debt.
E: [email protected]
Tel: Int + 44 (0) 7932 833545
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