Playa Azul

Apartments Playazul, Las Americias has a total of 125 apartments divided in 3 buildings, elevators and reception are in the main building.

A choice between studios, one bedroom and two bedroom, spacious refurbished apartments, semi independent kitchen with electric hob, oven, fridge, microwave, toaster and kettle; large lounge area fully furnished with TV; balcony with sea, pool or mountain views.

Resort offers large swimming pool and kiddie’s pool, poolside bar and garden areas. Situated in the centre of Playa de las Americas, only 200m from the beach.

Playa de las Americas, the liveliest, most vibrant resort on Tenerife, located on the South West Coast, 1 mile from Los Cristianos and 12 miles from the International airport.

There is an 18 hole golf course situated between Playa de las Americas and Los Cristianos. Playa de las Americas comes alive at night offering shows, night clubs, bars, restaurants to suit all tastes and off course the Casino.

From only 100,000€ (71,430GBP approx)

“EXCELLENT RENTAL POTENTIAL”

MORTGAGE AND RENTAL INFO

Expected rental income:

Studio – 220€ to 280€ per week

1 bed – 280€ to 340€ per week

2 bed – 340€ to 400€ per week

Mortgage Example

Studio 100,000€

Mortgage of 84,000€ Approx repayments 700€ per month

4 weeks rent at lowest 220€ per week = 880€

Community fee – 60€

Monthly Rental income covers monthly mortgage and expenses.

Playa azul charges and rentals

Community fees

Studio   58€ per month

1 bed     72€ per month

2 bed     90€ per month

Valuations

Studio   up to  115,000€

1 bed    up to  170,000€

2 bed    up to  215,000€

Weekly rentals

Studio   220€ to 280€

1 bed    280€ to 340€

2 bed    340€ to 400€

Monthly rentals

Studio    450€

1 bed      600€

2 bed      750€

Have you ever dreamt of owning a holiday home or investing in property abroad, but neither have the amount of money required nor the time to enjoy it?

If you answer yes to any one of the following questions:

• Are you looking for a second home but don´t want to or cannot use it for much of the Year?
• Would you like to invest in a holiday home but cannot afford 100% of the cost?
• Would you like to avoid the expense of a full mortgage, upkeep, insurance and taxes for a property you don´t use more than a couple of weeks a year?
• Would you like to start on the investment ladder without too much cash outlay?
• Are you willing to part-own a property under a carefully managed system?

Then Fractional Ownership is the answer for you.

This concept started in the US and is now becoming increasingly popular in Europe, as an alternative to outright ownership. There are many reasons for this, the most common being the increase in property value, making fractional ownership more attractive to a great number of people. If you only plan to use your holiday home for a few weeks or months of the year then it makes financial sense to invest in a quarter share.

Fractional Ownership gives you a “bricks and mortar” investment, by owning a share of the freehold you benefit directly from owning a luxury property in an excellent location

Our freehold Fraction price includes a luxury furnishing package, fully fitted kitchen with top of the range appliances, including washing machine, microwave, double fridge freezer, plasma TV, DVD and Hi-Fi system.

The estimated annual charges will depend on the size of the property you purchase. Running costs, all associated taxes, notary and registration fees are shared equally between the shareholder owners.

The property will have an independent administrator, who will set up rules and regulations along with running costs, these will be detailed on the contract to be signed by each owner, you will be able to start using your property immediately and will be able to exchange contact details with your co-owners. Being able to sell at any time and rent your unused time to make a profit, all aspects are covered making fractional Ownership the perfect solution for many.

For more information please contact us stating that you are interested in the "Fractional Ownership Option"