Co-ownership of a 2 bedroom apartment on La Torre Golf Resort from €3,595
Co-ownership
€3,595
Description
Buy Your Share of a Golf Property in Murcia from £2,995!
The Apartment
This stunning two bed, one bath apartment is one of only a few corner apartments which benefit from the larger lounge/dining area. Patio doors lead from the living room to the balcony which overlooks the pool and La Torre golf course.
The two double bedrooms both have fitted wardrobes and open onto a rear
balcony with views over the orange groves. The kitchen is fitted with oven and hob, fridge freezer, dishwasher and washing machine. The apartment also benefits from high-speed cable internet and International TV as well as air conditioning and gas central heating.
The apartment has been refurbished to a high standard, is tastefully furnished and includes all the home comforts you would expect to find to make your stay a comfortable and relaxing one. It is situated close to all the resort’s main amenities, restaurants and bars yet is located in a very quiet position. It also has a designated underground secure parking space with lift access to the apartment.
Views from the terrace!
Co-ownership of a golf property that makes sense
SSP in partnership with My Shared Property bring you this opportunity to part own a golf holiday home in Spain.
Each person owns a share or number of shares of the freehold property. It is a no fuss way to own a fabulous holiday home, offering you the high standard you require, yet eliminating the cost and hassle associated with owning and maintaining a property all year round.
Spend a week every year, in a luxuriously appointed home from home, for the one-off price of an average holiday – for the rest of your life?
AND ULTIMATELY YOU OWN A PART OF THE FREEHOLD!
For as little as £2,995 you could buy one freehold share which equates to one week every year.
IT’S YOURS TO DO WITH AS YOU PLEASE
There’s no catch – you will own a part of that freehold.
The Upside
The upside to your investment is that you have a holiday home you part own with the other
freeholders – it’s yours!!
Research shows most holiday homeowners only use their property for a maximum of 40 nights per year, yet they pay for 365. When purchasing shares it enables owners to enjoy a week, or weeks every year but only pay a small percentage of what it costs to own outright!
Once you have bought your share it is yours forever (in perpetuity) so is a part of your estate, but can be sold at any time should you choose to do so.
You can either use your home for your own use or potentially receive a return on your investment in the form of holiday rental income.
When you invest in My Share Property your luxury property will be fully furnished, fully serviced and fully managed on your behalf. All you have to do is turn up, unpack and enjoy your precious time off in your very own holiday home in the sun!!
How does it work?
The property is unencumbered with no loans or debts and is owned by a UK Limited Company. It is set up as a separate UK Limited Company, having 52 shares (one share per week of the year). You, the buyer, can buy one share (week) or more. You can choose to use your week(s) or rent out your week(s) or swap it/them with other shareholders.
The share(s) you buy can be sold at any time should you no longer wish to own a share in your
chosen property. The shares can be included in your estate.
Once you have bought your share, the only other cost you will have to pay will be the monthly
property management fee that covers maintenance, bills, changeovers and any other outgoings.
How much does it cost ?
You can buy your week/s starting from £2,995, this is a turnkey purchase – you buy and you have access immediately
Occupancy plans are based on low, medium & high season
Low season from £2,995 per week in perpetuity
High season from £5,995 per week in perpetuity
(Prices vary per week, contact us for a full list of prices)
Management, Bills, Maintenance
£29 per month per week purchased paid annually £348 pa
Each week purchased pays a management fee.
This includes
• Property rates & insurances
• Electric, gas, water
• TV
• Cable Internet
• Pool cleaning
• Change overs, cleaning, linen, welcome pack
• Repairs and decorations
La Torre Golf Resort
La Torre is situated on the Costa Calida (warm coast), with one of the most agreeable climates in Spain and is just 20 minutes from the new airport at Corvera, close to many beaches of the Mar Menor and the Mediterranean, and is less than 30 minutes away from the ancient port and city of Cartagena with its fantastic Roman theatre and Murcia City with its baroque cathedral, tapas bars and shops.
La Torre, designed as a 5* resort – has a private property complex of 2,670 apartments, townhouses and villas set in beautifully landscaped gardens with boulevards, gardens and fountains, a Double Tree Hilton Hotel and a Nicklaus designed golf course, regarded by many as one of the best resorts in the region.
The complex has 24-hour security, a supermarket, shop, bars and restaurants, as well as 21 outdoor swimming pools, floodlit tennis and padel courts, children’s play areas, petanque, table tennis and outdoor gym equipment available to all residents.
Distance from airport:-
Murcia Airport 20 mins
Alicante 60 mins
Is this a timeshare?
No, this is not timeshare, which is basically a holiday system, which gives owners only a right to use a particular property for a time of year. Timeshare has no real estate value, in other words, there is no bricks and mortar ownership.
With MY SHARE PROPERTY ownership, the purchaser actual owns a piece of equity (share) in the property. If the property goes up in value, the owner’s share of the pie also becomes more valuable.
With a timeshare, ownership is not distributed. The owner purchases only weeks or months of
enjoyment in a property, and these weeks or months do not rise and fall in value with the value of the property. The title of the property is still owned by the principal owner.
That is the big difference with MY SHARE PROPERTY you own a share of the property.
Bricks and Mortar.
Who owns the property?
Initially each property is owned by a stand-alone UK based Limited Company. The Company is divided into 52 shares, which are purchased by the individual wishing to use the property. As a shareholder they own the percentage of the company relating to the number of shares they purchase. Any shares, which are not bought, remain the property of the Limited Company.
If I choose not to use a week or week’s can I allow family or friends to use the residence?
You are free to use your week(s) as you choose – use them for you, your family and friends or
advertise it as a short-term holiday rental.
When do I pay for my week/s share?
Payment for your week(s) share is made in stages. A non-refundable deposit of £500 is payable immediately upon reservation by bank transfer The balance is paid on completion.
How long do I own the share(s)?
Your share(s) are owned by you for perpetuity.
Can I sell my share(s) at any time?
You may sell your share(s) at any time you decide you do not wish to remain a shareholder.
What if My Share Property goes out of Business?
This will not impact on you. My Share Property does not handle any of the funds used to pay
for the weeks/shares. The funds are paid into the stand-alone Limited Company that owns the
property you are buying into.
Do prices vary amongst seasons?
Yes, prices vary by season – high and low weeks.
Are pets allowed?
Pets are not allowed in any of the weeks available.
Once I purchase will there be any charges?
The only charge you have to pay is the yearly management and maintenance charge which includes all bills, Council Tax, Electric, Gas, Water, Internet & TV insurances and your weekly change over full clean, bed linen, welcome pack. Monthly fee £29 (£348 per annum).
Will I need to furnish the property?
The properties are carefully furnished and the furnishings maintained by the management company, which will include linens, towels, crockery, glassware, cutlery and cooking utensils. You will only need to supply any food and drink or personal toiletry items although a welcome pack is included.
Can I purchase a week/share as an investment for rental returns?
Yes – you can rent out your week(s) which will give a favourable rate of return on investment when compared to money on deposit with banks.
Can I change my mind?
Yes, There is a 14-day cooling off period once we have received your deposit and completed
application form.
Who is My Share Property?
My Share Property is a new concept in purchasing a vacation property at an affordable level in
Spain. The directors have over 25 years of experience in the purchase and sale of properties and management of investment properties, both in the UK and overseas. If required, My Share Property can source the property, organise the full company formation, manage any building or refurbishment works, as well as deal with the sales and management of the property.
My Share Property provides the solution for those people who
• Don’t have the funds to own a property outright in Spain
• Have the funds to own a property outright but are only able to use it for a few weeks or months a year
• Would prefer to part own a property for a fraction of the cost rather than own a property
outright of lesser value or location
Typically, our clients enjoy visiting Spain periodically and benefit from owning a share of a luxury property they can use for holidays or as an investment with a ROI in a prime location and at the same time benefiting from the likelihood of owning an appreciating asset.
Click here to download PDF Brochure
3D TOUR OF PROPERTY – CLICK BELOW
https://my.matterport.com/show/?m=rxgTNTFmo6K
Click on the whatsapp icon to the left to talk with one our team
E-mail leticia@solsportsproperties.com
Tel. no: +34 607 375 234 / +34 965 655 774