Superb 1/6 Share in a 5 Bedroom Townhouse near Puerto Banus Spain
*€99,950 per 1/6 Share*
Fractional ownership arrangements
This is an opportunity to purchase a one-sixth share which you will co-own, entitling you to at least 8 weeks exclusive usage per year, whilst all running costs are equally shared between the owners. The detailed usage rights, rental options and property management arrangements will be discussed as a group of owners is formed.
Set in a beautiful landscaped community just 500m from the beach and a 10 min walk into Puerto Banus & San Pedro.
in addition to the five bedrooms the house has 3 bathrooms, cloakroom, games room, beautiful open plan sitting room, fibre optic broadband & cat 5 cabling, satellite dish, irrigation system, open fire and lined working chimney, garage & store room. This house has everything you could want.
This property comprises three floors and includes:
A spacious living-dining area and a separate, yet open plan fully equipped kitchen. A master bedroom with en-suite bathroom, four further bedrooms, two additional bathrooms, a large play room, a lockable office room, a utility room and a guest cloakroom.
The kitchen is equipped with a fridge & freezer, oven, hob, microwave, toaster, blender and dishwasher. There is a selection of pans, some non-stick, with implements to match and a full range of cutlery, crockery, glassware etc.
The complex offers 5 swimming pools (two children’s pools & three adult’s pools), which are set in superbly maintained mature communal gardens,. There is also underground parking and storage facilities.
The property is within walking distance of the beach, Puerto Banus and both, the town and promenade, of San Pedro. All of which offer numerous bars and restaurants.
The property also enjoys a well maintained private South West facing garden with both open and covered patio areas. These provide wonderful spaces to relax in the sun. The garden also contains a barbecue.
Air conditioning is also available in each of the bedrooms, the sitting room and the play room, each unit is remote controlled, can be programmed to hot or cold, and can be set using a timer.
The house is fully furnished is a tasteful style. Whilst personal items will be removed the furniture could be included in the sale subject to negotiation.
The house has an alarm system fitted for security along with external shutters which can be opened and closed when required.
included in the sale, if required, is a fabulous owner’s website http://www.perfectholidayinspain.com which the buyer can use to offer the property for rent.
A stunning video of the property can be seen below please scroll down for this. *Please note this Video was made before a recent refurbishment of the property*
Bedrooms – 5
Bathrooms – 3.5
Build Size – 297 square metres
Garden & Terrace – 50 square metres
Distance from Beach – 500m
Fibre Optic Broadband
Distance from Airport – 45 mins
Distance from Golf – 15 mins
Distance from Main Attraction – walking
Download detailed PDFs below
About the Area:
Puerto Jose Banus, more commonly known simply as Puerto Banus, is a marina located in the area of Nueva Andalucia, to the southwest of Marbella, Spain on the Costa del Sol.
it was built in May 1970 by Jose Banus, a local property developer, as a luxury marina and shopping complex. it has since become one of the largest entertainment centres in the Costa del Sol, with 5 million annual visitors, and is popular with international celebrities.
Developed around a coastal village in the Mediterranean architectural style, Puerto Banus contains expensive shopping malls, restaurants and bars around the marina.
it is also scene to many exotic cars that are owned by international celebrities and wealthy owners that also own large yachts.
Luxury cars like Rolls Royces and high-end sports cars like Ferraris, Lamborghinis and Mercedes Benz are a common sight in the summer months around Marbella and Puerto Banus.
These cars are brought to the eye of the public via huge showrooms and dealerships showcasing the latest supercars.
According to the Municipality of Marbella, Puerto Banus is visited annually by nearly 5 million people. Visitors to the port tend to be mostly tourists from northern Europe and Arabs, along with Spanish tourists.
The focal point of Puerto Banus is the marina. it has berths for 915 boats, including those of the King of Saudi Arabia and several of the world’s wealthiest individuals. Behind the harbour lie streets filled with bars, boutiques and nightclubs.
The marina has slips for boats and ships from 8-50 metres. There is a beach on each side of the marina where boats can be hired.
What is fractional ownership?
Fractional Ownership is the obvious and sensible method of achieving a significant lifestyle enhancement, enjoying true ownership of a second home and doing so at a fraction of the full cost of buying alone. The ‘fractional owners’ might be friends, family or more commonly unconnected parties.
This beautiful property typifies what many holiday home owners experience. Hundreds of thousands of pounds invested in a purchase, more spent annually in the usual property running costs, yet this holiday home is rarely used. Fractional Ownership makes sense.
Do people really share assets?
Yes, absolutely and very successfully. Fractional Ownership has been popular for decades with light aircraft owners and yacht owners. The owner of this property has had two shares in light aircraft. Fractional Ownership is also well established with holiday home owners in the United States, Canada and the Caribbean and is gaining popularity in Europe. The owner is willing to retain a 1/6th share if this facilitates the group formation.
How does it work?
it is not timeshare. You are not buying the right to stay at a resort(s). You and your co-sharers will own the property. One of the most common fractional ownership methods is through the formation of a company which owns the property. This facilitates easy re-sale of individual shares should one of the sharers wish to leave.
How are the weeks of use allocated?
There are myriad sharing arrangements which are relatively easy to arrange; it is rare that conflicts occur. Once there are at least six parties interested then the usage details can be discussed. Only if you are happy would you wish to proceed. Bear in mind, some sharers will want school holidays, others might have pre-school children (cheaper flights at these times), some might be golfers who want slightly cooler weather etc. The present owners, who both work, travel extensively and whose children have left home, literally visit the house for just 3 or 4 days a year if poor UK weather coincides with them doing nothing.
Will i wish that i had bought outright instead?
No, you will probably be delighted that you are part of a group. The moment the fractional ownership group is formed everyone will feel that they want to be in La casa de los limones all of the time. Reality quickly dictates that life, for most, can’t be lived through a holiday home. At this point there is tremendous feeling knowing that running costs are shared and that hundreds of thousands has not been invested in an asset which might be used just a few weeks of the year.
Who can i speak to about fractional ownership?
You could initially talk with the current owners. They will be able to tell you about their experiences of years of aircraft fractional ownership and nearly twenty years of holiday home ownership.