Manilva 2 bed Ground Floor Apartment R5002723

For sale is a privately owned Ground Floor Apartment in the coveted RESORT TERRAZAS COSTA DEL SOL, located in beautiful Manilva. This spacious flat spans 94m2 and features two bedrooms and two bathrooms, making it ideal for families or holidaymakers.

The large living room integrates seamlessly with a modern kitchen, leading to a charming terrace that offers direct access to a small garden.

One of the standout features of this Ground Floor Apartment is the stunning sea views. The apartment serves multiple purposes: it can be used for personal enjoyment, as a holiday investment, or you can take over the existing contract with the management company, Pierre & Vacances.

This arrangement guarantees a profitability of 5%, with a fixed annual income of around €8247 for the current year.

Prospective buyers will need to subrogate to the existing lease, which is in effect until 31 October 2030. Upon expiration, there is the option to renew the contract for an additional 5 or 10 years. The complex operates during the high season from June to October, allowing owners to enjoy their homes for 60 days a year outside this period.

The resort boasts extensive communal areas that offer magnificent views of the sea, the Strait of Gibraltar, and even the breathtaking African Mountains. This tranquil residential complex is nestled among mountains, providing a serene escape just a 5-minute drive from the beach.

With excellent transport links, you can enjoy the best of coastal living without the burden of community fees; all utilities, including electricity, water, and internet, are covered by Pierre & Vacances, leaving you responsible only for the annual IBI.

In summary, this Ground Floor Apartment in Manilva presents a unique opportunity for both personal enjoyment and investment, all within a stunning setting that epitomises the best of the Costa del Sol lifestyle.