| Bungalow for Sale in Caleta de Fuste |
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| Photo: Front View |
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Type: Bungalow
Town/City: Caleta de Fuste
Province: Fuerteventura
Ref:
813989
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| Price: €19,975 (App. £18,159) |
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| **** GREAT INVESTMENT **** *** FRACTIONAL OWNERSHIP *** / *** PROPIEDAD FRACCIONARIA *** 12.5% Buying a Fractional Ownership freehold property is slightly different and cheaper than buying a full freehold, it also has its own legal structure. This guarantees the safety of your purchase and allows the correct management of the property. As there are eight owners, a UK company is set up to buy the property and then eight equal owners buy into the company, in turn becoming equal equity owners of the property. When you buy 12.5% of the property, you actually buy 12.5% of the company. Why? - This structure is essential to ensure the security of your investment. It prevents any of your co-owners from using the property against a loan or debt. Your share in the company entitles you to use the property for 6 weeks a year on a rotating basis following the chart below. You can agree through your property manager to swap weeks if you don’t want to use any of your allocated time for that year. Alternatively, you can rent out any spare weeks to gain an income from your property. The management company will help you to do this The Castillo Beach Complex is in the privileged location of Antigua in the tourist area of Costa Caleta (Caleta de Fuste), situated on the east coast of Fuerteventura and so provides easy access to the beach and the Fuerteventura Golf Course. The complex also offers easy access to enjoy visits to the north and south of the island as well as the west's virgin sands, offering you the opportunity to enjoy the whole island of Fuerteventura during your stay. 19,975 € for a 1/8 share which gives you 6 weeks usage per year PLEASE CONTACT US FOR A FULL COLOUR BROCHURE |
| Additional features of this Caleta de Fuste Bungalow: |
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