Property Details
Area: Los Cristianos
Complex: Royal Palm
Price: £138,500
Mortgage available: £97,000
Mortgage per month: £463
Cash deposits needed: £56,500
Exterior m2: 12
Bedrooms: 1
Bathrooms: 1
Balcony/Terrace Large Terrace
Garden: Communal Gardens
Community Fee per month: 108€ incl water
Property Photos
1 bed, 1 bath ground floor apartment for sale on Royal Palm in Los Cristianos
The asking price is £142,000 now £138,500 and the owner is open to sensible offers on the property. The property is touristic and in high demand from holidaymakers. It is currently rented for around 300€ per week.
This apartment is on the ground floor on the complex. Inside, you have a good sized lounge, a fully fitted American style kitchen a and a double bedroom. There is easy access to the terrace outside from both the lounge and the double bedroom. The terrace is large and spacious, perfect for dining outdoors and a popular feature of the apartment with holidaymakers.
The apartment is sold fully furnished, can be moved into straight away and has a good amount of rental bookings which can also be taken over if desired. The net price to the owner after cleaning and management is around 250€ per week and 40 weeks per year is easily achievable giving between 10,000€ and 13,000€ per year income.
The Royal Palm complex has several swimming pools, one of which is heated during the Winter months. It is centrally located in Los Cristianos, close to the El Mirador strip and there is high holiday rental demand for apartments on this complex. The on-site reception takes care of apartment cleaning, key-holding etc meaning it is quite easy to derive a substantial income from owning on Royal Palm.
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