Estepona Modern Sea view villa for sale

Listing ID: ID-65589
Plot Size: 765 m²
Living Area: 390 m²
Built in: 2019
May 22, 2019

It is a spectacular and unique minimalist design Villa with high specs and quality with a 180º breathtaking views to Estepona marina, Mediterranean sea, Africa and up to Gibraltar and within a walking distance to the beach. The villa is located in one of the only three still not built plots in this neighbourhood and with a unique and prestige high hillside position, so there is no chance that the views can get blocked by new constructions. It is mostly occupied by UK citizens and the community has a positive income (accumulated yearly fee) of 130 K saving which allow to be properly and comfortably maintained. The yearly fee belonging to this plot is only 600€/year.

The Villa will be built in a 765 sqm. corner plot with 2 elevations facing to public areas and consist of 2 floors with 4 bedrooms (with fitted wardrobes and dressing room) + 4 on-suite bathrooms + 1 guest toilet + fully equipped kitchen with appliances + pantry + terraces + car park + chill-out area and a large garden, distributed as follow:

Ground floor:

-Living room-main entrance hall (40sqm.)

-Kitchen (38sqm.)

-Bedroom 4 (12 sqm.) + on-suite bathroom (7 sqm.)

-Guest toilet (2.1 sqm.)

-Pantry (2 sqm.)

-External car park (50 sqm.)

-Terraces and open areas (59 sqm.)

-Chill-out area with breathtaking sea views (21 sqm.)

-Garden (261 sqm.)

-Infinity pool (55 sqm.)

First Floor:

-Main Bedroom (26.5 sqm) + on-suite bathroom (8.5 sqm) + private terrace (18 sqm.)

-Bedroom 2 (20.5 sqm.) + on-suite bathroom (13 sqm.) + dressing room (8 sqm.) + 2 private terraces (10 sqm. + 12 sqm.))

-Bedroom 3 (16 sqm.) + on-suite bathroom (7.10 sqm.)

-Distribution hall (12 sqm.)

Giving a Total built area of 390 sqm. + 50 sqm. of car park = 439 sqm. built.

The final price of this off-plan and turn-key Villa is 860.000 € + 10% VAT. This is a slightly above 2.000 €/sqm. which is way below average prices of this area

The design intent is ready and it is also good to know that if the Client wants to do some changes, we are happy to assist, always previous agreement if any commercial impact.

A study has been carried out with different options for sale depending on buyer preferences (see attached options/prices drawings):

The following are the payment conditions under the turn-key contract:

1) 7% of the Total price including VAT is to be paid as a deposit. Once the deposit is received, the project will be off the market and no more offers will be accepted. This 7% will be used to immediately start with:

-Topographic study and project (already done)

-Geotechnical study and project (already done)

-Health and Safety project

-Final Design project and submission to the “Colegio de Arquitectos de Málaga” for validation and stamp

-Construction License and payment in official organism (Ayuntamiento de Estepona)

-Insurance contract and OCT

-Contract preparation with lawyers of both parties.

-etc.

2) 13% of the Total price including VAT is to be paid at contract sign off. Based on previous steps this can be around week number 6 after deposit paid. During this period and before this 13% payment, our´s lawyer will contact buyer´s lawyer to agree the contract in all term and conditions.

3) As soon as these payments are effective and License to build is received from the Ayuntamiento de Estepona, the project construction activities will immediately commence. We estimate a total duration up to completion of about 14 months. We always try to mitigate this time and handover the property to the Client a bit earlier anyway.

4) The rest of the payment will be paid in a monthly basis and during the duration of the project up to completion. The monthly assessment, based on site progress, will be issued for payment by the Developer´s representative and signed off and certified by the Architect and Technical Direction of the project every 30th of each month, having the buyer 5 working days to review with his lawyer/representative and having to make the payment every 5th of each month without delay.

All these points will be accordingly reflected in the contract.

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