{"id":1935,"date":"2023-08-28T11:47:04","date_gmt":"2023-08-28T11:47:04","guid":{"rendered":"https:\/\/blog.destinyhome.es\/?p=1935"},"modified":"2023-08-29T06:13:26","modified_gmt":"2023-08-29T06:13:26","slug":"bristol-sunset-beach-refurbishment-and-sale-of-properties-in-fuerteventura","status":"publish","type":"post","link":"http:\/\/blog.destinyhome.es\/en\/bristol-sunset-beach-refurbishment-and-sale-of-properties-in-fuerteventura\/","title":{"rendered":"Bristol SUNSET BEACH: Refurbishment and sale of properties in Fuerteventura"},"content":{"rendered":"

We present one of the greatest successes, since the creation in 2008 of the real estate Destiny Home Fuerteventura, in rehabilitation and promotion-sale of housing<\/strong>.<\/p>\n

It is Bristol SUNSET BEACH, apartments with swimming pool in Fuerteventura<\/a><\/strong>.<\/p>\n

Rehabilitation of the holiday complex in Fuerteventura<\/h2>\n

The complex was a bank repositioning asset<\/strong>, acquired in 2013. It was in very bad condition, with debris, no swimming pool, unusable roofs, a poor distribution of housing and with an illegal occupation of 25 out of a total of 164 apartments.<\/p>\n

\"bristol-apartments_investment\"<\/p>\n

A project plan<\/strong> is proposed, incorporating a capitalist partner for the purchase and sale of the real estate complex, sharing the business idea.<\/p>\n

After obtaining the building permits and removing the squatters, construction began at the end of 2014, with the show apartments and sales offices.<\/p>\n

After 2 years, the work is completed, with estimated sales figures for the complete refurbishment of 5 apartment blocks, the first 2 blocks are proposed for sale to investor clients and second home buyers (75 apartments). Prices ranged according to market supply and demand and the company’s specific needs.<\/p>\n

Some of our investors have achieved not only the annual return, but also a five-fold increase in the value of their investment through the appreciation of the property.<\/p>\n

As of today, the apartments are valued at \u20ac177,000:<\/p>\n

\"corralejo<\/a><\/p>\n

View apartments for sale in Corralejo<\/a><\/em><\/p>\n

This money will be used to complete the work on blocks 1, 2 and 3, which Destiny Home owns, as well as the common areas and roofs.<\/p>\n

At the beginning of the works, during the excavation it was discovered that there was already a half-finished pool, which conditioned the construction of the new one. The solar panels did not fit to make the complex self-sufficient. The energy meters are individual in the first 2 blocks built; the other 3 have community meters.<\/p>\n

The sale of the last 3 blocks was made by means of a mandatory tourist management mandate; the buyer has to dedicate 100% of it as an investment to make it profitable as a vacation home. In this way, Destiny Home maintains the management of the apartments.<\/p>\n

The spaces that were used as warehouses, which did not even have windows, electricity or any facilities, were reconverted to:<\/p>\n