Solana Hills near Pedreguer Denia, Javea and Moraira, is a fantastic new development of duplex and townhouses, all with spectacular sea views out across the Denia coastline. With 100% mortgages available on a select number of plots, this is a great investment opportunity to purchase property in Northern Spain.
Investment Outline
The land on which the development is based was bought at recession at a discounted rate and has therefore provided a low cost base. As a result the overall prices represent a very attractive investment offer on this part of the Mediterranean Coast.
This phase of town house development consists of 40, two and three bedroom properties with good size terraces and private car park spaces included within the price. The complex has landscaped gardens and the benefit of 2 swimming pools linked by a waterfall feature. A number of the properties are very near to completion and a good proportion have already been sold. Further to this, the developer has been in business for over 30 years and has a reputation for high quality and financial stability.
Located around Denia, a very affluent area and a popular resort for the Spanish Residents the development is protected by the Mt Mongo (Approx 2500ft) which gives it a unique comfortable climate in both summer and winter. Professionals from Madrid, Seville and Barcelona all use this part of the coast as their holiday resort.
All along the Costa Blanca (270 km total) are many picturesque villages and old fortresses, and Denia Castle, perched on a hill overlooking the town is certainly worth a visit.
The New Denia Marina is one of the most impressive on the Spanish coast, as it accommodates private yachts Sailing Boats and Charter Ferries to the Balearic Islands.
The restaurants within the area are incredible too and open all year round. Perfect peaceful calm resort for any investor or second home owner
For golf enthusiasts only a few minutes drive is Oliva Nova Hotel & Golf Club, which offers a high quality course and amenities. Just outside the town of Denia, La Sella Golf provides a similar quality course with the 5* Marriot Hotel adjacent to the club.
Uniquely up to 100% mortgages are available on selected plots with investors only having to find an approximately 20,000 Euros. This is required to cover taxes, mortgage and legal costs.
The Deal
- A wide range of duplexes, town houses and bespoke villas available on this development
- Discounted Prices : 2 Bedroom 159,500€ and 3 Bedroom 169,500€
- Buy now and take advantage of the potential increase over the next 3 years
- Capital gains tax has now dropped from 35% to 18% of the DECLARED sale price
- Retention fees have dropped from 5% to 3%
- Inheritance tax 1% providing the property is willed to family
- All good news, Spanish government encouraging property investors by reducing taxes
- Very low deposit of 20,000 Euros required to purchase (this will be used to cover IVA and other taxes etc.)
Location
Nestling into the hillside at the foot of the surrounding mountains, Solana Hills is situated between the historic towns of Denia and Pedreguer, on Spain’s Costa Blanca, only 10 minutes drive from the nearest beach. Set in quiet, open countryside, the resort is made up of attractive whitewashed villas and town houses offering splendid views of the sparkling Mediterranean and the mountainous hinterland. Solana Hills is some 90 km Valencia and Alicante airports on the southeast coast of mainland Spain, and boasts beautiful long and clean sandy beaches.
Properties
A selection of duplexes, town houses and bespoke villas available on Solana Hills from as little as 159,500€. More enthusatic investors have the option to purchase bespoke villas on the development which are priced at around 250,000€.
Specification
Town House – Exterior double glazed windows and doors of aluminium with white plastic covering. Internal doors and wardrobes of pine wood model “ Provencal “. Chimney of stone clad and plain on chimney breast with wood mantle. Arched wood beamed ceilings or high ceilings in lounge/dining room. Iron rejas on windows or built in persiana blinds. Cavity walls with insulation. Marble window sills. Electrics ,TV, telephone points as shown in the project. Kitchen with floor and wall units and granite work tops. Stone clad around the perimeter of the villa up to 60cm in height.
Highlights
- Discounted Prices - approx 40,000 Euros below market value
- 100% Mortgage facility in place
- Take advantage of low Euro interest rates
- Low completion costs ( taxes and legals for 20,000 Euros )
- Highly reputable local developer
- Fabulous Views of the mountains or sea
- Landscaped gardens
- Communal Swimming Pools
- Great rental opportunities
- Close to Motorway links, marina, beautiful beaches and great golf course
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