Property Description:
El Oivo gets its name from the Olive tree in the middle of the garden. It is a bright
and spacious 3 bedroom apartment on the ground floor with a large beautifully
maintained 100 square metre garden and makes for an ideal family orientated
holiday property. Floor area of the apartment is 85 square metres so the total
property area is 185 square metres. It comprises reception foyer, 1 double
bedroom, 1 bedroom with two single beds, 1 bedroom with bunk beds, 1 large
bathroom with a full sized bath and shower, a utility room, an American style

kitchen and a large living cum sitting room area with patio doors opening onto a
large covered patio and garden. This in turn leads to the swimming-pool. Due to
the small size of the complex, just 10 properties in all, the pool is never crowded
even in the high season. El Olivo has its own private parking space situated on the
grounds of the complex which is five metres from the front door entrance to the
apartment. The complex also provides a small playground. Entry and exit is via
automatic gates. El Olivo is for sale fully furnished with flat screen TV and DVD. The
interior is stylish and comfortable and is suitable for disabled holidaymakers. The
property is also air-conditioned.

El Olivo is located in Cap Roig, the oldest and most established beach-side resort
in the area and is 200 metres from the famous Cap Roig beach. While L’Ampolla is
the nearest village at 3 kilometres, El Olivo is just 100 metres from Vanessa’s
Pizzeria, where great pizza and salads are served under the olive trees and at
exceptionally good prices. Through Catalan Ways, it enjoys access to all the
facilities of the nearby Les Oliveres Beachside and Spa resort.

Pricing and Investment Potential
On the market originally at €275,000, Catalan Ways can now offer the property at
€220,000. This represents a significant reduction in price and an opportunity to
invest in a holiday home that yields a strong annual rental income through Catalan
Ways. Rental Property requires no modification nor upgrade in furnishing.

1 Purchase Price and Associated Costs

Asking Price € 220,000
7% ITP (sale transfer tax) € 15,400
Notary and legal fees (approx.) € 4,000
Total Effective Cost of El Olivo as
Investment/holiday home € 239,400

2 Rental Potential and Return on Investment

3 Additional factors to consider

• The above data is based on 100% availability of El
Olivo as a rental property. Obviously to make this
scenario realistic, it is important to schedule ones own
holiday requirements into this financial breakdown

• Once you are the owner of a holiday property, the
cost of a holiday reduces in terms of accommodation
which is a factor in doing a cost benefit analysis

• There is an existing transferable mortgage available
for El Olivo of € 81,900 variable interest (Euribor plus
1%). To avail of this mortgage, there is a transfer
charge of € 819 that will be applied. This represents
one percent of total amount.

• El Olivo is fully furnished and equipped to a high
standard and does not require any outlay whatsoever
in this respect

• El Olivo is a rental holiday property which, through
Catalan Ways, enjoys the benefit of access to all the
facilities in Les Oliveres Beachside Spa Resort

• Close to Reus airport which is serviced daily by
Ryan Air, this provides great access at the lowest
possible fares.

• Our strategy going forward is to present El Olivo as a
rental home in conjunction with Les Oliveres
Beachside Spa complex as both a family holiday
destination and for off-season weekend breaks.