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

Contact seller Share

Related listings

  • 5 Star Beachfront Resort /212rooms
    5 Star Beachfront Resort /212rooms
    Resorts for sale Da Nang (Da Nang) September 12, 2016
    400mts of Beachfront 212 rooms Land for expansion 10 minutes from touristic town 40 minutes from Danang airport Selling way below market price Contact me for more details; Mike International Hotel Broker Cell; 55 84 99993 8936 / whatsapp
  • 150 Keys on white sandy Watamu Beach
    150 Keys on white sandy Watamu Beach
    Resorts for sale Watamu August 15, 2016
    -150 rooms spread over 10 acres of garden. 40sqm per room. 70% of rooms have sea view. -170m of beach frontage - 2 pools, tennis courts, kids club & dive / water sports center. - All day dining, casual restaurant and fine dining restaurant.
  • 132 room Beachfront Hotel in Fortaleza
    132 room Beachfront Hotel in Fortaleza
    Resorts for sale Fortaleza (Ceara) June 13, 2016
    The Hotel is situated on the main beachfront strip of Fortaleza city, a 2-minute walk from Iracema Beach. You can enjoy the rooftop pool with 360 degree views of the city in an unbeatable location! The rooms are spacious and decorated in white, with ...