Property Name: Project Luxor Ibiza

Property Types: Luxury Apartment Building Project

Location: Beachside, La Joya, Cala Llenya, Ibiza, Balearic Islands

Reference Number: Not Listed

Price: 4.300.000 Euros

Description

Location: 2 minutes walking from the beach (Cala Llenya – Santa Eulalia)

The architect attached is famous international architect Carlos Lamela (www.lamela.com).

Carlos Lamela has designed a building project for 6 luxurious apartments.

Total project surface to build: 2.300 m2. Building works schedule: 15 months, during 2017/2018. (bear in mind that in

summer season building works are not allowed in touristic places in Ibiza). Delivery: December 2018.

Desired Payment schedule/risk:

- initial payment of 45% with plot as warranty

- 15 monthly payments to cover the remaining 55%

Current market research forecasts for operating the project as rental properties:

- total rental net incomes from summer 2019 to summer 2023 (5 years): €2 million

- Expected property value at the end of 2023: €5,7 million

- Total estimated investment profit after 5 years: 3,4€ million (yield of 15% a year)

IMPORTANT NOTES:

- 4.3M Euros includes the land, architect fees, permit fees, development and construction

- the purchaser(s) will be the sole owner(s) of the development

- You may change the concept and design as you desire (E.g. one duplex apartment for private use + 4

apartments for sale/rental or 4 duplexes for family and friends in a gated complex)

Ibiza – Property Market

Ibiza is the third largest of the Balearic Islands. Ibiza has become well known for its association with nightlife, VIP tourism

and celebrity tourists.

https://www.casafari.com/insights/is-now-the-time-to-invest-in-ibizas-property-market/

http://www.onthepulse.es/spanish-property-news/rise-in-rental-luxury-properties-summer-150810

http://www.telegraph.co.uk/luxury/property-and-architecture/luxury-property-predictions-2017/

http://www.opp.today/ibiza-real-estate-demand-to-explode-worldwide-in-2016/

http://spanishnewstoday.com/spains-property-market-goes-through-the-roof_84018-a.html

1. Large market

With amazing beaches with turquoise water and white sand, top restaurants and the world’s hottest nightclubs Ibiza has

become a top summer destination (ca. 3 million tourists each year) that translates into huge returns for investors.

2. Only the best hotels are allowed

The local government passed a law that all new hotels in Ibiza must be five-star, which means: a) HNW tourism; and b) A

need for luxury accommodation..

3. Celebrity popularity = continuous global media coverage = market value growth

George Clooney, Will Smith, Justin Beiber, Kate Moss, Leonardo DiCaprio, Paris Hilton, Kim Kardashin, Zac Efron, Beyonce,

Jay Z, Valentino Rossi, Shakira & Gerard Piqué, Jade Jagger, Roberto Cavalli, Puff Daddy, Kanye West, Naomi Campbell,

Oliver Bloom, Michelle Rodriguez, Prince William, Jared Leto and many others all holiday on Ibiza.

Project

This Project tries to define a residential space which brings a consistent response with the environment and to increase the

exceptional characteristics of the plot.

The plot location is one of the most important values of this project, as in a short vision as well as considering its location in

the “Cala Llenya” territorial structure area.

The goal is to maximize sea views, while maintaining terraces and/or green areas privacy and, at the same time, assuring

exclusivity and uniqueness of style.. . . . . . .

Preliminary Architectural Design - 6 apartments housing development - La Joya Cala Llenya

Preliminary Architectural Design - 6 apartments housing development - La Joya Cala Llenya

Preliminary Architectural Design - 6 apartments housing development - La Joya Cala Llenya

Preliminary Architectural Design - 6 apartments housing development - La Joya Cala Llenya

Preliminary Architectural Design - 6 apartments housing development - La Joya Cala Llenya

Gary Thoulouis

gary@dudley-estates.com

+34 617 229 454

www.dudley-estates.com