€ 149,999
Make an OfferApartment for sale in San Luis de Sabinillas, Manilva, Málaga
- 90 m2
- 2
- 2
- 99 m2
This fantastic apartment with 2 bedrooms and 2 bathrooms, is located in the center of Sabinillas, in a building of modern construction both exterior and interior. It is a few metres walk from the promenade and the beach, the health center, pharmacies, banks, shops, supermarkets, bars and restaurants.
The current owners have made many improvements, mainly in the patio, incorporating a shed in which they have installed the hot water heater and the washing machine. These were both originally in the laundry room next to the kitchen and making this change has allowed them to expand it and turn it into a beautiful designer kitchen, as you can see in the photos. The living room is very bright thanks to the large window that overlooks the terrace and the fitting with light installed. The terrace has been made private from view of the neighbours with white glass panels allowing light to pass through as well as awnings that are fixed to avoid noise.
In the bedrooms, it is necessary to highlight the wide doors and the space gained due to most of them being sliding doors, great for wheelchair access if necessary. Other items of note are the large showers, particularly in the en-suite bathroom, the direct access to the terrace from the master bedroom and the window leading to the patio from the other bedroom.
Basic features
• 88 m² built, 73 m² floor area
• 2 bedrooms
• 2 bathrooms
• Terrace
• Second hand/good condition
• Fitted wardrobe
• Orientation West
• Built in 2008
• Individual heating: Electric
• Fully glazed terrace means full use of terrace in Winter
Building
• 1st floor exterior
• With lift
RENT TO BUY OPTION
I can offer you a rent to buy contract on this property along the following lines:
Purchase Price: €165,000
Deposit: €35,000
Monthly Rental: €800
Contract Length: 2 years.
This option would lock the buying price at €165,000 for 2 years. So effectively the buyer could complete the sale at any time within the 2-year time frame at this price. Also, all rents paid over the 2-year period will be deducted from the sale price.
After 2 Years:
Deposit Paid: €35,000
Total Rent Paid: €19,200
Total paid: €54,200
Balance Due: €110,800
RENTAL OFFSET
We can rent the apartment out to the holiday rental Market. The high season weekly rental on this apartment would be between €1,000 and €1,250 per week.
So depending on the lower season rental occupation I would expect to make an annual gross return of between €15,00 and €25,000. If we achieve the higher rates on this scale it means that practically all of the buyers costs have ben paid for from rental receipts.
And if the buyer decides not to complete the sale for whatever reason, then they have got most of their money back whilst having free use of the apartment for 2 years.
Features
- Apartment
- Bedrooms: 2
- Bathrooms: 2
- WC: 2
- Build Size: 90 m2
- Plot: 99 m2
- Floor number: 1
- Storeys: 5
- Year Built: 2008
- Energy Certificate (Consumption): F
- Energy Certificate (Emissions): E