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Freehold

Private Property for Sale:

 Two Inter-Connected Adjacent Studios

MareVerde Complex

Torviscas

Southern Tenerife

This is a rare opportunity to acquire 2 adjacent studio apartments on this much sought after complex

These apartments have been fully refurbished and furnished and have an inter-connecting door thus giving the ultimate versatility and letting potential

Each studio can be let out individually or together sleeping up to 8 people

At the moment these properties are a complete bargain as prices on this complex are now rising rapidly. This has all happened in the last 18 months since new English management was appointed and a complete refurbishment of the site was started.

At the moment these apartments are not selling quickly as they were overlooking a building site plus materials and site huts for the construction of the fantastic new commercial centre and cinema which is adjacent to the complex. This is now complete and the land is being cleared so that a park with gardens and walkways can be constructed.

The apartments are usable and rentable right now but significantly these properties represent a fantastic investment for future capital growth.

Each apartment is individually priced at 95,000 Euros (An offer for both units would be considered)

For more information please email sharon@wadyproperties.co.uk

All Year Round Sunshine means All Year Round Rent in Southern Tenerife

Nothing compares with the Canary Islands for holiday rental income and Southern Tenerife has the most consistent weather of all within the EU.

(Tenerife, as a Spanish Island, enjoys special status and protection within the EU)

To earn the same amount of rental income elsewhere you would need to buy at least 4 apartments in Spain, Turkey or Bulgaria due to the much shorter holiday seasons.

We believe that Tenerife is a truly great investment ... that's why we ourselves invest here

A beautiful Pool Complex

Lounge and Bar

On site Restaurant & Pool Bar

For each studio the charge for Community Services is approx 68 Euro per month (excluding utilities)

IBI taxes are 165 Euro per annum

The income from letting each of these properties short term could be approx £150 per week (Net of cleaning costs)

Although Tenerife property prices stabilised in 2007 one or two complexes rose significantly against a general trend. Torviscas is a much sought after area and any available apartments situated here are very highly priced. MareVerde's potential as a bargain investment has been apparent for the last couple of years and now these apartments are in high demand. The Tenerife government has started to control all new building and no more holiday complexes can be built, all the new-build that is apparent now is for residential property. There are no new planning consents allowed for holiday property in this area, so existing property is rising rapidly in value.

When MareVerde was built, over 20 years ago, there was far less pressure on land values and there was nothing else in the vicinity. Hence the apartments are comparatively large and there are lots of communal areas with a large swimming pool complex. Torviscas, which lies at the Northern end of Playa de Las Americas, is renowned for its many wonderful restaurants, bars, shopping etc. and now has the finest shopping centre and cinema complex on its doorstep, not to mention one of the finest beaches and esplanades in Tenerife.

Looking a little further into the future we are about to see the opening of the biggest attraction in the South of Tenerife, Siam Park www.siamparktenerife.com which is a multi million pound theme and water park owned and built by the owners of the world famous Loro Parque. This new attraction is within walking distance of MareVerde and already MareVerde apartment rental is appearing on the Siam Park web pages.

To summarise, there is not a better positioned complex than MareVerde and under any circumstances these apartments represent a great investment. The real icing on the cake is that the site is being completely refurbished and prices should ultimately gain parity with the expensive real estate all around it.

A mortgage is available on these properties

For any of our properties, on the payment of a deposit we will handle the complete property transfer through our Tenerife office, who can also arrange local mortgages ... Please be aware that the costs of buying are approximately 10% over the buying price... That includes all costs, legal fees and taxes. (Mortgage fees are approx 2% extra)

For more information please email sharon@wadyproperties.co.uk