Ref : 206380
107% Mortgage! Apartments with Sea Views - Mazarron, Murcia

Country real estate on the costa del sol

Bedrooms :2 Plot : Bathrooms :2

Kitchen :1 Lounge :1 Built :

Dining : Condition :Good Access :Tarmac Road

This Property also includes the following :[Telephone] [Communal Garden] [Communal Pool] [Parking] [Terrace] [mins from the Airport] [Electric] [Mains Water]
This property is adjacent to a Tarmac Road

Price : 104,500 Euros - £89,483 ?

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2 bedroomed, 1 or 2 bathrooms, fully furnished and equipped kitchen.
Internal 55 - 70 m2 terraces 40 - 70 m2
Just 10 minutes from the Paramount Theme Park and 5 minute walk to the beach, a perfect location to benefit from which will become one of Europes biggest tourist attractions.

Original price 315,000 now reduced to from 104,500
Including a parking space too...
Accommodation when viewing for 3 days included.
Purchase costs IRO 6,000!

ALHAMA COUNCIL APPROVE "PARAMOUNT PARK" LICENSES, READY TO START CONSTRUCTION!

Alhama de Murcia council formally approved the special plan for the implementation of the Paramount Park in Alhama de Murcia. This completes the licensing phase and enables the Paramount company "Premursa" to initiate construction.

Â Once this final legal tramitation has been legally concluded, Premursa will be in a legal position to commence construction works. At the same time the pleno approved modification number 1 of the "Plan especial de Infraestructuras Comunes de los Desarollos TurÃsticos-Residencials del Sur del Municipio de Alhama de Murcia" a plan which establishes the procedures to grant installations and associated developments of the park the infrastructures necessary to provide utilities and services, ie water supply, water processing, sewage, electricity supply etc.

Â Finally, the agreement with El CasÃ³n de Carroscoy S.L. was also approved regarding granting of lands for environmental improvement in order to satisfy environmental requirements and ensure that the project meets with environmental demands, the lands in questions being those which were purchased by Premursa and which form part of the area projected for the park.Â

Construction and Logistics

There are four constructors who have expressed a written interest in builiding the main infrastructure: Dragados, OHL, FEE and Ferrovial, who will attend a planning meeting in the coming week, then have until the 30th of June by which to present their offers. The intention is to adjudicate the contracts around 15th July, with the intention of starting earthmoving works at the end of August, beginning of September this year.

The work will take place simultaneously on three fronts: the special plan for infrastructure and accesses, earth movement and construction of the Lifestyle Center (hotels, commercial etc) and the earthmoving and construction of the actual Paramount park. The budget for this phase of works was 160 million euros.

Sr Samper in the press conference held on the 10th of May said that the park would be ready for inauguration in the second part of 2015, as per the original forecasts.

See more news on Paramount ParkÂ

Click here to view "Premursa" website & Videotour of the future Paramount Park

Perhaps the most talked about of these new resorts is the Paramount theme park Murcia currently under construction in Murcia. Murcia already attracts over 2 million visitors every year and it is expected that the new resort will expand that hugely, with many predicting that visitors to the area could be doubled by the new resort, especially because of the new international airport due to open in the area this year.

The developer behind the resort has recently purchased the final land parcel needed for 133 hectare monster, a 29.58 square km plot purchased for 1.23 million Euros, in total the firm has invested 11.5 million Euros to buy all the land for the resort. The same land in 2008 would have cost in excess of 50 million Euros but as with many investors, Premursa is capitalising on the current climate to build what will be one of the largest tourist attractions in the world at below market value prices.

President and CEO of Premursa, Jesus Samper, expressed his satisfaction at having completed the acquisition of land and illustrating that "they are meeting the deadlines for the project”, which is due to start construction proper in October this year, and have its first phase completed by the first half of 2015. The resort will be divided into four thematic areas with two themed hotels. The Paramount Lifestyle Centre will have seven hotels and many attractions of its own including a Street Mall, restaurants, bars, discos, casino, convention centre, an auditorium and an office area.

Of course, big hitters can still make bad investments, but one would wonder how this one can go wrong. Tourists love Spain and tourist love big theme parks like this one, the combination of the two is almost certain to be explosive. The themed hotels will do a roaring trade, but not all tourists like or indeed can afford to stay in such places. A large proportion of tourists these days prefer self-catering, and indeed, prefer private rented accommodation, which, on top of those who can't afford the themed hotels means a massive upturn in demand for holiday let properties in Murcia.

Too, big hitters aren't the only ones who can buy property at below market value prices. Well, below market value is a poor turn of phrase; we could argue all day about what market value is, but the fact of the matter is that 50% discount from peak prices in a market where prices are widely agreed to have fallen by 40% tops, is still a good deal. And that is exactly the discounts that are currently available on bank owned property in Murcia.

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Ref : 206380 107% Mortgage! Apartments with Sea Views - Mazarron, Murcia

ALHAMA COUNCIL APPROVE "PARAMOUNT PARK" LICENSES, READY TO START CONSTRUCTION!

Ref : 206380
107% Mortgage! Apartments with Sea Views - Mazarron, Murcia