Investment Opportunities in Los Belgas
There will be several investment opportunities in Los Belgas most of which will be suitable to the small investor.
There are individual buildings in need of various amounts of repair and reform as well as some new build apartments.
The repair and reform programme will be phased over two years.
Some of the changes will be purely cosmetic whilst others will be structural.
The cosmetic changes range from new decoration both inside and out (painting and weatherproofing) new kitchens and bathrooms and in some cases improvements to the cellars and roof spaces.
The structural changes will be to the internal lay-outs of the buildings to increase the scope for accommodation and lettings. (This may well mean demolishing and/or moving the internal walls, etc.)
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All the buildings will be bought into line in the Andalucian style with the maximum permitted heights (this is still single buildings, I believe the max height permitted is 7/9 metres) but will allow for more accommodation, i.e., more rooms per building and a uniform look to the row of townhouses.
Hopefully the existing bar will also have accommodation above.
The swimming pool and terrace areas will be renewed and revamped.
It is hoped to obtain planning (using the existing footprint of the concrete outbuildings) for a small block of 6 apartments.
All this means there will be opportunities to the small investor.
The investment will be classed as investment loans (to protect the investor as investments can go up or down , loans cannot and are repayable including terms and interest payable, etc.)
The improvements will be extended almost one at a time or in 3 stages through the development and will not interfere with habitation or income from holiday lettings .
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All investments can be paid back with one months notice without any penalties.
The 4% interest will be paid monthly, and this ensures each investor has ongoing rewards and the debt to the borrower never increases and will remain manageable.
one months notice from either party to terminate the agreements, but they may continue renewable every 12 months.
All investors will be allowed to visit the village and entitled to a free accommodation holiday of one week per year (assuming investment stays in place that year). Likewise investors will be able to buy the finished properties , especially the new build at a discounted sales price.
It is envisaged that this will be a 20% discount from the completion sales price.