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GUARANTEED  RENTAL PROGRAM OF 5% OF YOUR INVESTMENT !

MEDINA ELVIRA

An urbanization that includes quality and nature all around. Andalucian tradition and Mediterranean architecture in front line of the golf and surrounded by the Sierra Nevada offers a superb quality of life.
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FOUR PROJECTS

                               

MEDINA GOLF

151 one, two, three and four bedroom apartments and penthouse.

Attention to detail in the finishes. An innovative design. Homes made to your own taste.

Come and live in MEDINA GOLF at Medina Elvira Granada, Spain. It's located in the best area of Granada. Breathe in nature. Inhale tradition. Exhale golf.

Only ten minutes away from Granada centre. Thirty minutes from Sierra Nevada. Ten minutes from the airport. Less than an hour from Granada's Costa Tropical. A privileged location in Andalucia.

A step away from Granada's splendour. Culture, gastronomy, history, monuments. Your best alternative.

For free brochure about this development register here!

MEDINA ELVIRA 

Golf Resort and Country Club is unique to Granada. The resort features an 18 hole Championship Golf Course & Club House, Boutique Hotel & SPA, Horse-riding Centre, Shopping Arcade, Sports Centre, ample Lakeside Activities, 24 hour Security and a Private School. All this makes MEDINA ELVIRA Granada´s finest residential development.

186 FRONTLINE GOLF LUXURY APARTMENTS, PENTHOUSES AND LOFTS

FAIRWAYS is all about views. Spectacular views over the golf valley, panoramic lake views and breath-taking views of the Sierra Nevada. FAIRWAYS offers 25 different types of apartments ranging from lofts, duplex penthouses through to open access garden apartments. Each unit is kitted out with the latest top of the range fittings with unheard of attention to detail. Included in the price each unit has its own parking and storage space. Residents can also enjoy the gymnasium with full height windows and the scandinavian sauna. The impressive swimming pool is surrounded by mature landscaped gardens & sun decks over looking the golf course. For free brochure register here!

Medina Elvira 23

Medina Elvira 23 is composed of 198 one-to-four bedroom luxury apartments with fully fitted kitchen, storeroom, garage, terraces, gardens and solarium as well as communal gardens and swimming pool. 

All the apartments reflect the exquisite care taken in the selection of top quality materials, finishing, fittings and maximum use of space.  

All apartments have their own parking space and storeroom. 

Tranquility, charm, sport and unsurpassable leisure options make Medina Elvira the ideal residence or investment opportunity.

 

HOTEL & SPA CUBILLAS

If you would like to receive a brochure about this development ask here and we send it to you within 48 hours.

Luxury Suites

Where else in the world can you own an apartment that is actually part of an award winning club House. The answer is Medina Elvira Granada where you really do live for Golf! Suites 72 apartments are cleverly built around the club house allowing all residents permanent access to all the five star facilties. Buying at Suites will give you 24 hour security, access to the gym and spa, a fantastic bar & restaurant at your beck and call and of course the unique concierge service to tend to your every need. Each apartment is built to the highest standard offering residents typical Andalucian style, spectacular views and "front door" access to the golf course...

Suites Medina Elvira has created a privileged lifestyle for you. With your Golf membership included with the purchase of your apartment, you will enjoy the opportunity to practice your favourite sport, in an ideal setting with exclusive access to all the country club services.

Ask for your brochure here and contact us about this excelent, five star development with all services on your door step.

Services on the Medina Elvira project: International bilingual school, hotel, horseback riding club, shopping centre, amusement park, restaurants. A development designed to make your life more comfortable. Eighteen reasons to come. Eighteen reasons to stay. Eighteen holes of wellbeing. 

All in all, eighteen reasons to enjoy Medina Golf.

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Superior Quality Fittings
  • Underground parking
  • Automatic Garage Doors
  • Lifts to all floors
  • Entrance door with double lock
  • Video entry phone
  • Optional wooden or tiled floors
  • Gas heating
  • Double glazed insulated windows
  • Fully fitted A.C.
  • Fully furnished kitchens
  • Quality light fittings and power sockets
  • Sat TV
  • Built in wardrobes
  • Large terraces with pergola
  • Terracota floor on terraces
  • SPA and gymnasium in the club house  
  • Superb swimming pool and gardens
  • 24 hour security
  • Concierge service

 

 AN INVESTMENT WITH GUARANTEED RENTAL INCOME UP TO TEN YEARS!

 

BUYERS OF MEDINA ELVIRA 23 CAN CHOOSE BETWEEN VARIABLE RENT OR GUARANTEED RETURN OF 5%!

 

VARIABLE VS GUARANTEED RENTALS

    

  

STUDY OF VARIABLE RENTALS

The VARIABLE RENTAL STUDY for MEDINA ELVIRA 23 is based on various factors:

Official tourism figures furnished by the INE (National Institute of Statistics) for Spain and passenger statistics published by AENA (the governing body of Spanish airports and civil aviation) The Financial Times also reported that there was an increase of 25.88% in tourism for Granada last year.

What we have also taken into account, although there are no official studies, is the number of European tourists who drive to Spain. Our own experience over the last five years has shown us that French, Italian, Spanish and in some cases German, tourists prefer to drive to their holiday destination here in Spain. These tourists would be over and above the official 2,500.000 figure of visitors to Granada in 2004/5.

Once we take all these factors into account, and then add the unique qualities of MEDINA ELVIRA 23, (superior quality of accommodation, location, amenities, ease of accessibility either by air or road) we can then confidently project rental income.

The rental prices shown are real prices for 2005 based on a 2 bedroom 2 bathroom property. Over the last 5 years we have seen steady increases in rental prices of between 10 and 15% without affecting occupancy figures.

If we base our figures on 2005, and take into account the various factors, the rentals projected for MEDINA ELVIRA 23 are very achievable.

How Do Guaranteed Rentals Work?

In effect, the properties are "leased back" to Royal Peninsula for an agreed number of years. This can be for 2,3,5, or 10 years. Royal Peninsula then place these properties with Tour Operators (both national and international) for a fixed, guaranteed return for the term specified.

The guarantees are provided by the Tour Operators themselves, their financial institutions, and their insurance companies. Over and above this, Royal Peninsula will also insure the guarantees via the international insurance company "ARAG", (Compania Internacional de Seguros y Reaseguros SA). Once the properties are leased back and contracted out, they cannot be used by the owners for the term agreed. Owners can however rent other properties on Medina El Vira 23 for a special discounted rate, allowing them to enjoy the resort and all its amenities whilst still earning income from their own property.

Occupancy rates are of no concern to the owners: the Tour Operators have to pay whether the properties are occupied or not. Occupancy rates do NOT affect the yield.

Furnishings must be purchased through Royal Peninsula to ensure uniformity - it is part of the contractual agreements that all properties are returned to the owner in the same pristine state. Any wear and tear or damage costs are borne by the Tour Operator. Utilities, maintainance and cleaning costs are also borne by the Tour Operator.

How Do Variable Rentals Work?

Variable rentals are rentals which are not guaranteed.

The properties are free for use by the owners whenever they wish, whilst at the same time earning income from holiday rentals.

The holiday rentals are generated by Royal Peninsula through advertising and their already existing data base of holidaymakers who have enjoyed stays at other resorts managed by RoyalPeninsula. Each booking has to be accepted by the owner before the booking is confirmed back to the holidaymaker, ensuring that the dates, term (usually one or two weeks) and the prices are acceptable.

The prices charged are higher than Tour Operator prices as each booking is individual and not block booked. The income is variable as there are more factors to take into consideration, including the owners personal use and availability of the property for rental purposes. A "rental pool" will be in place to ensure a fair distribution of rental bookings. If the Tour Operators have over booked, these bookings will also be offered to owners for acceptance or rejection. Utilities, maintainance and cleaning costs are also borne by the owner when the apartment is booked for personal use. Cleaning and maintainance charges are paid by Royal Peninsula when they have rented the apartment.

 

If you are interested in one of this four exclusive projects please contact us en fill in the form. 

We will be sold out soon.

We are glad to help you with the purchase of your property. 

And we remind you.

*No commission on new constructions*

If you want more information you can ask for a brochure here!

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