Great Value Apartments in Monda

The Los Olivos development, is set in the beautiful countryside town of Monda, 15 minutes from Marbella.

Los Olivos comprises 48 one- and two bedroom apartments, built by "Bonifacio Solis", one of the oldest and most respected builders on the Spanish Costa del Sol. (Having built our successful five-star Los Flamencos complex, Fincalena has first hand experience with the quality and professional approach of B. Solis.) The Los Olivos apartments, with views overlooking the Monda valley and gorgeous "Castillo de Monda", will feature underfloor heating in the bathrooms, pre-installed air conditioning, balcony terraces, fitted kitchens, durable laminate wood flooring and private undergound parking. One bedroom apartments will offer 42 to 65 square meters of built space, and two bedroom apartments will offer 70- to 90 square meters. A communal solarium on top of the building will offer a barbecue area, overlooking the valley. The complex is situated close to the Marbella Gun and Country Club that has really great facilities including large swimming pool, bar and restaurants plus numerous outdoor adventure activities are organised on site.Click here to see the fantastic pool area.

In addition to the homeowner, Los Olivos represents a highly attractive opportunity for the investor, given the number of one-bedroom apartments on offer. In our own experience, and that of several of our clients, one-bedroom rental apartments consistently return the highest percentage on investment, given the percent of the mortgage covered by rent and their relative high occupancy (one-bedroom apartments are always in demand for both short- and long-term renters.) In this particular case, a normal rental income would completely pay off the mortgage and leave some money for other purposes. Demand is expected to considerably increase in Monda, as planning legislation in the Marbella district is beginning to severely limit local availability.

Payment terms are 6000€ reservation, 30% on signing of the purchase contract and the final monies on the completion in December 2007.

Contact us today about this truly unique opportunity, as the units are selling quickly and availability will soon be limited.