Own a freehold property in Spain for only £10,500

Assets International introduces you to this new development with the advantages of living in a small complex, located in a quiet peaceful area ... LA NUEVA ERMITA offers you the privilege of living in high quality two bedroom - two bathroom maisonette, including a solarium with solar panel and communal area with swimming pool. You can purchase as little or as much as you like to a maximum of 10 months.

What are the advantages of the co-ownership or fractional title?

• Price - You pay the price allocated to a fraction/portion.(eg a 10% fraction which in affect is a 10% of the total purchase price of the property)

• Expenses - Pay only for the fraction you own.

• Management - The property is rented in summer (July & August) and the income will be accrued to pay the yearly expenses (council tax, community fee and management fees). The property will be ready just for your holidays.


Fractional Ownership also benefits from the shared and therefore reduced running costs of your chosen property, everything from community fees, swimming pool maintenance, gardens etc. right down to when something needs replacing.

It is paramount to ensure that your chosen Fractional property is going to be looked after by a professional management company to ensure total peace of mind when you are both at the property and back at home.

Assets International and our Spanish partners can not only provide you with a first class service, but will also ensure that it is Properly looked after in your absence along with having a comprehensive owners agreement in place so everybody knows where they stand from the beginning.

FREQUENTLY ASKED-QUESTION & ANSWERS

HOW MANY PEOPLE WILL OWN THE PROPERTY?
Minimum percentage is 10% with the maximum of 100% outright. An Individual could purchase, a 20% interest. Therefore there is no limit.

Common practise is to purchase one fraction of 10%. Being that the case 10 people will own the 100% ownership of the property. The 2 outstanding months are used to rent the property and with the income cover the annual expenses.

WHAT ARE MY RIGHTS FOR THIS 10% OWNERSHIP?
Ownership of an asset
• Use of the property one month a year

Unlike many of the other ‘fractional’ or ‘co-ownership’ schemes currently available where the number of owners can be as many as 12, we believe that only having a maximum of 10 owners gives the purchaser more of a tangible share of the property and the realisation of a true investment.

Typically, those who buy into shared ownership are people who can afford to purchase outright but do not have the time to use it and don’t want the responsibilities attached to outright ownership. Another advantage is that you can purchase a more luxurious property than you may otherwise have been unable to afford.

The occupancy plans gives you complete freedom of choice. You can choose to either block book an entire 4-week season or divide your occupancy equally over the calendar year so that you can benefit from all seasons and guarantee that your chosen plan will always include all the school holidays!!

MAY I FRACTION THE USE OF THE PROPERTY?

You may fraction the time of use providing this is clearly stipulated.

Who will make sure the property is properly used by all co-owners?

A management company will be appointed to maintain the property in perfect condition. Actually, this company will make sure the property is vacant 2 days before your arrival, clean it, repair anything that may not work, replace what is needed. To summarise you will not only co-own a property but also enjoy the benefits of a managed property.



For further details of this fractional ownership investment contact Assets International on freephone 0800 335 7626

 

Email: jan@assetsinternational.co.uk
Website: http://www.assetsinternational.co.uk
Tel: 0800 335 7626