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Bitacora Apartments, Puerto Del Carmen, Lanzarote Five one bedroom fully furnished apartments reduced for a quick sale. All apartments come turn-key and ready to move into. Finished to the highest specification these apartments are part of a development that has access to great facilities and is ideally located close to the Old town and all the beaches Puerto Del Carmen has to offer. A recent bank valuation valued the apartments at €137,000 but due to the fact all other remaining apartments are sold (and achieving excellent rentals) the last 6 are for sale from an amazing €86,500 fully inclusive of furniture (see construction photos). Lanzarote benefits from amazingly easy access from all areas especially the UK and Ireland (Aer Lingus from Belfast, Cork and Dublin) and all flights are fully operational all year around with a perfect climate during the Winter months. The furniture pack includes, hot and cold air con, fully fitted kitchen, furniture, 32” TV with access to all terrestrial channels and all terrace furniture. This is a one off opportunity to buy a completed development at rock bottom prices with finance available.
The apartments also have the luxury of being only 5 minutes drive from the brand new 18 Hole Golf course in Tias
You get full use of the facilities in Bitacora 1(the holiday complex) which has a mini market, internet, pool bar, adults and kids pool to name but a few.
Location Puerto Del Carmen, Lanzarote. Construction Schedule Completed. Facilities And Maintenance Maintenance fees are Euro 50 per month.
Use of a communal swimming pool.
Nearby "Bitacora 1" holiday camp facilites, including:
Adults and kids Pools
Pool bar
Restaurant
mini market
Payment Terms We have a refundable reservation fee policy which enables you to hold an apartment for up to 28 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first installment. The reservation fee is only refundable if the client views the property for sale in the development within the 28 day period. Only 10% of your reservation fee is retained by us as an administration charge. We will accept verbal reservations which are valid for 48 hours. The refundable reservation fee is £2,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first installment. After 28 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.
FURTHER COSTS AND FEES
10% Closing fees which covers the following:
- 6.5% transmission tax (Stamp Duty)
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- Land registry and Notary fees €650 (not exact but fairly accurate)
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- Installation of Electricity and Water meters €400
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- Security bond for community and management fees €250
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- Local Solicitor (English speaking) €1,000
Property Management For investors, there is a waiting list of qualified tenants waiting to move in as soon as apartments become available.
You have two options should you wish to rent your apartment:
For long term tenants you can expect a return of approximately €600 to €650 per month (Lanzarote is a true all year round resort) For this you will expect to pay 10% in management fees.
For short term rentals you can expect €30 per night which increases your return – as there is a greater amount of work involved management fees will be approx 15%. About the Immediate Vicinity 6 minute walk (500m) to the main Beach of Puerto Del Carmen.
6 minute walk (500m) to the main promenade.
10 minutes walk to the Old town.
10 minute drive to the Airport.
5 minutes drive to 18 hole Golf course in Tias.
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