Lagos de Alenda is an exclusive development consisting of 2 bedroom apartments in a lakeside setting on a first class golf resort. The complex has the best position on the entire golf course, set on a sunny, gently sloping site with spectacular views over the beautiful lake and fairways.
Many of the homes have direct golf views, whilst others benefit from southerly aspects over wide landscaped grounds, which include shaped lawns, two lake style swimming pools, water features, palm trees and viewing platforms designed to take advantage of the best views.
All of the apartments are spacious, well appointed and include; 2 bedrooms, 2 bathrooms, fitted kitchen, utility room, attractive lounge, large sun terrace.
Each apartment will have an allocated basement garage space and large storage room, ideal for storing golf clubs, etc.
The total cost of purchasing the apartment will be approx ?150,000.
The actual apartment within the complex will be decided by the fractional scheme members once enough interest has been expressed to make the fractional scheme viable.
The fractional scheme will run for 5 complete years. At the end of this period the property will be sold and the value will be payed back to the fraction owners pro-rata based on the size of their fraction. The sale can only be stopped if either all fraction owners agree to an extension of the fractional scheme or the members who wish to end the fractional scheme are bought-out at market-value.
Time allocation will be on the following basis.
Fraction size from GBP3,000 to GBP14,900. For each whole fraction of ?3,000 you will receive 1 week each year, the date of that week to be decided by lottery.
Fraction size GBP15,000 or above (maximum share size GBP45,000). For each whole fraction of GBP15,000 you will be able to choose weeks at the apartment from blocks as follows: 1 week from high season (typically school holidays), 2 weeks from mid season (Late Spring, Summer outside school holidays and early Autumn), and 3 weeks form the rest of the year. The initial order in which you get to choose your weeks will be decided by lottery, thereafter the order will rotate.
To register interest or as a question, please email neil@thefractionaltimes.com
Tags: fractional ownership, fractional ownership deals, fractional property, fractional real estate, fractional Spain
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