Las Terrazas Costa del Sol
Bahia de las Rocas, Manilva

Las Terrazas Costa del Sol is situated on the Bahia de las Rocas urbanisation which is located just round from Punta Chullera and right on the Malaga/Cadiz border.

The proximity of some of the finest golf courses in Spain, marinas and polo fields attracts families, children and senior citizens from all over Europe looking to relax and get away from it all.

The Bahia de las Rocas urbanizacion winds around the hills either side of the Aroyo Calataraje, and affords spectacular views of the Sotogrande Port, Gibraltar, The Straits and Africa.

The Bahia de las Rocas development already has most of the infrastructure in place with roads, paths, lighting and all the community landscaping already completed.

Terrazas Costa Del Sol consists of 328 apartments in 16 buildings including 1, 2 and 3 bedroom units ranging from 40 to 80m². General services consist of a welcome area, reception, lobby, a pool with area for children, a restaurant, a bar, kids’ clubs, games and leisure areas, and a car park.

Las Terrazas Costa del Sol's architectural and landscaping environment conceived to recreate a genuine Andalucian village, is organized into districts around the main square, a haven of peace with its majestic palm trees. Contour lines form a natural amphitheatre throughout the village with terraces, patios, gardens and pools. Located at the edge of the development, the swimming pool appears as if at one with the sea.

Most of the apartments consist of two bedrooms and two bathrooms, some apartments being three-bedroomed with two bathrooms and a WC. Every apartment has an allocated underground parking space and private storage room.

THE SECURITY OF A LEASEBACK INVESTMENT

Whether you decide to holiday in your apartment (you can choose up to 6 months personal occupancy) or use it purely as an investment, this development will cater to your personal needs, guaranteeing security and with no strings attached.

Your apartment and the entire resort, including the grounds and all the facilities is fully managed and maintained.

The resort management lets your apartment and pays you the rent net of service charges. This rent is guaranteed contractually, whether your apartment is actually occupied or not.

You choose from flexible purchase packages, combining rent and holiday accommodation or pure investment.

You benefit from a VAT refund on the property, i.e. 16% of the purchase price, payable over ten years.

10 year leaseback with guaranteed rent free of charges (except property tax and Spanish income taxes).

Returns are index-linked starting on the second full year to the Spanish consumer pricing index.

Apartments in this development start from around the €149,000 mark. A building licence was delivered on November 10, 2004 and the end of works is expected for the 3rd quarter 2007.

For more information on Las Garzas, Bahia de las Rocas or the general and investment property market in the Manilva area of Spain's Costa del Sol visit the Property Index, the Manilva Life Discussion Forums or if you are interested in purchasing on this development or any other property in the Manilva area contact one of our independent property consultants at property@manilvalife.com.