An investment opportunity within a golf development in Mijas Costa on Spain?s Costa del Sol. The development is ideally located in a highly sought after location where returns from long and short term rentals are strong. * Only 20,000 EUR capital outlay * Unique finance packages in place offering rates from 3.2% (subject toAn investment opportunity within a golf development in Mijas Costa on Spain?s Costa del Sol. The development is ideally located in a highly sought after location where returns from long and short term rentals are strong.* Only 20,000 EUR capital outlay* Unique finance packages in place offering rates from 3.2% (subject to fluctuation)* Purchase 20% below market value* High capital growth projected aided by future infrastructure investment* High demand for rentals in the area* Apartments sold completed, fully furnished and equipped ready for immediate rental* Frontline golf apartments availableA rare opportunity to purchase a property with built in equity and low capital commitment. This investment offers the investor the opportunity to cover mortgage costs and achieve rental gains taking advantage of current market conditions.The DevelopmentPrados del Golf is located in the popular seaside resort of La Cala de Mijas and set on the 'La Noria Golf' complex, on the Costa del Sol.The development features include communal gardens, swimming pools and tennis court in a secure gated community.The InvestmentThe Costa del Sol generates a large volume of holidaymakers and is a popular retirement, second home or even re-location destination for many Europeans, giving the units long term as well as short term rental potential.Low season rentals can also be generated as the apartments are situated next to a major Costa del Sol golf course, La Cala Golf Resort, the biggest golf complex in Spain.The Units* 2 bedroom 2 bathroom units* Fully furnished and equipped* Finished to a high standard* Fantastic sea, golf or mountain views* Hot and cold air-conditioning* Marble floors* Fully fitted kitchens* Gated community* Frontline golf locationThe Facilities* 3 swimming pools* Paddle tennis courtThe Exit Strategies:The area of La Cala in Mijas Costa has a strong rental demand for both long and short term tenants. Attainable rental income for this market at the present time for long term rental is as follows:* 2 bedroom, 2 bathroom garden apartment: 850 EUR approx per month* 2 bedroom, 2 bathroom 1st and 2nd floor apartments: 750 EUR approx per month* 2 bedroom, 2 bathroom penthouses: 900 EUR approx per monthOpting for short-term lets during the summer period can increase rental income.Prados del Golf units are expected to appreciate steadily. The area of La Cala remains one of the most highly sought after locations by both locals and holiday makers on the Costa del Sol.The SecurityIPIN has carried out due diligence for this project and is satisfied that it complies with all necessary legal requirements.* All planning permission and licenses are in placeThe development is now completed with all habitation licences in place.The Financial PartnerRapide Finance is the financial partner facilitating finance for Prados del Golf, the company is based on the Costa del Sol and was founded to provide financial services for second residence buyers in the region. The company was founded by a team with extensive experience in the financial world and real estate industries and understands the special requirements of the foreign national sourcing a purchase in Spain.Rapìde Finance utilise their extensive experience to offer off-shore currency loans in addition to standard mortgage products. It is by using these new and advanced financial vehicles that they're able to offer highly favourable lending terms to applicants who qualify.Advantages offered by off-shore currency loans:* Standard interest rates for a mortgage in Spain - 5.5% ** Off-shore interest rate based on HKD loan - 3.2% ** Rates given above are approximate, for example purposes only and is subject to fluctuationThe main objectives of Rapide Finance are:* Building strong relationships with the world?s leading banks and financial institutions* Providing the most competitive, reliable and robust rates and financial products to its customers* Offering full attention to individual cases and requirementsComparablesComparisons have been made with apartments for sales in the La Cala area, within 1km of the Prados del Golf development. These sales prices are excluding IVA and furniture. The typical purchase procedure would also include a 30% down-payment and mortgage financing at 5.5% per annum.More InformationCountry: SpainArea: Costa Del SolPool: CommunalRef: CDSTown/City: MijasTo request further details please use the Contact Us link below.To view more properties from Property Shop Overseas click the 'More Properties' link below.