A great investment opportunity at a prime location on the Costa del Sol

This represents a truly great opportunity to acquire top-quality real estate at a fantastic price.

We talk here about a recently completed luxury residential complex in the Marbella — Estepona area. It consists of 40 very spacious apartments / penthouses spread over 3 blocks of residences amidst mature tropical gardens, a lovely swimming pool, maximum built height of 2 floors and spacious underground garages.

The apartments can be bought in blocks of 12 or 14 units, as follows:
Block nr 1 : 12 units with an average price of Euro 322.400 and a build size of 226 m2, at € 3.869.000
Block nr 2 : 14 units with an average price of Euro 323.400 and a build size of 232 m2, at € 4.527.800
Block nr 3 : 14 units with an average price of Euro 345.400 and a build size of 247 m2, at € 4.836.100

These prices represent a big discount from the 2008-levels when the project was completed. The present prices are approximately € 1.400 per m2, which is extremely low in comparison with any other prime location at the Costa del Sol. And what is more: the sales prices include a parking space in the big underground garage and a 10 year membership of a nearby luxury sports- and social club with golf-, spa-, restaurant- and leisure facilities.

All apartments are south facing and are located in a great location very close to the Mediterranean beaches, 10 golf courses in the direct vicinity, 12 km from Marbella and even closer to the famous Puerto Banus.

It is a fully secured residential complex with access control and alarm systems in every apartment. All units enjoy a lot of space with ample terraces, very high built quality and with state-of-the-art equipment. The apartments are fully furnished, facilitating rental during holiday seasons.

The apartments on the GROUND FLOOR have a private pool and a huge semi-basement; they measure between 243m2 and 325m2 with two bedrooms with their bathrooms and wide terrace, lounge-dining-room, fully equipped kitchen with laundry area. Furthermore, these homes have a room in the semi-basement with exterior light, independent entry and private bathroom (between 63m2 and 141m2 depending on the home) which could be used as a bedroom, a study, a reading-room, a playroom or be converted into an independent studio flat.
The apartments on the TOP FLOOR have a penthouse (from 55m2 to 70m2) with Jacuzzi (optional); they measure between188m2 and 212m2, with two bedrooms with their bathrooms, lounge-dining-room, fully equipped kitchen with laundry area, wide terrace to which you have access from the living-room, main-room and the penthouse; the majority with great sea views.
Even though sales prices have been reduced substantially during 2009 and 2010 they are still negotiable. Prices do not include 8% VAT.

Most apartments are presently rented long term with good rental income.

The 3 apartment blocks and the outdoor space, including gardens and swimming pool, are very well maintained by the company which developed the project. The community charge is presently Euro 150-170 per month per apartment.

EURO PRICE RANGE : € 322.000 — € 345.000 (average price per luxury apartment)

Please contact Thom Pearson for more information on 0034 647 178 667 or please e-mail to info@sierra-estates.com ( please quote reference SEC 1384)

You can also visit the website www.propertymarbellaspain.com

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