Brand New Penthouse with Private Solarium in Villamartín – PAU 8

Fractional Ownership – 4 Shares
Price per Share: €115,000 (25% ownership each)

Property Highlights

• Type: Modern 3rd-floor penthouse (elevator)
• Area: ~80 m² interior + private solarium (all-day sun) + terrace
• Bedrooms/Baths: 2 / 2 full bathrooms
• Kitchen: Fully equipped with appliances
• Comfort: Pre-installed A/C, pre-installed BBQ on solarium
• Parking/Storage: Underground parking space + private storage included
• Community: Pool, landscaped gardens, elevator
• Location: Villamartín – PAU 8 (Orihuela Costa), one of the area’s most sought-after zones

Why Fractional Ownership

• Lower entry cost: Enjoy a premium penthouse at a quarter of full purchase price.
• Real asset: You own 25% of the property (not a timeshare).
• Flexible usage: Private calendar per share + guest access; rental permitted (see below).
• Professional management: We can handle cleaning, key handover, maintenance, and optional short-term rental marketing.

Ownership Structure (Proposed)

• 4 Shares x 25% each = 100% ownership.
• Legal form: Spanish SPV (SL) with 4 shareholders or título proindiviso (co-ownership deed).
• Title & Governance: Shareholders’ Agreement covering usage rotation, expenses, resale/transfer, dispute resolution.
• Notary & Registration: Standard Spanish conveyance; each buyer signs (or via POA).

We’ll recommend the optimal structure (SPV vs. deed co-ownership) with our partner notary/solicitor before reservation.

Usage & Calendar (Example)

• 13 weeks per share per year (total 52 weeks).
• Rotation: Fair rotation across high / mid / low seasons each year.
• Booking window: Rolling 12 months; digital calendar for transparency.
• Swaps & lending: Allowed within co-owners; guest stays permitted.

(Final calendar rules confirmed in the Shareholders’ Agreement.)

Running Costs (Pro-Rata 25%)

• Community fees: €500/year (current figure; ~€125/year per share).
• IBI / Council tax: €452/year (~€113/year per share).
• Utilities/Insurance: Metered or flat-split; building insurance via community + contents/owner liability via policy.
• Management (optional): Viveo can provide estate & rental management (cleaning, linen, check-in, maintenance) under a service agreement.

Rental Option (Optional, Shareholder’s Choice)

• Short-term rental allowed subject to community/bylaw compliance and regional license if required.
• Viveo can provide marketing, booking management, pricing, and supervision.
• Income & Costs: Attributed to the using/letting shareholder for their allocated weeks.

What’s Included per Share

• 25% ownership of the property (title/SPV shares).
• Underground parking & storage rights shared per the Agreement.
• Furnished, key-ready condition.
• Access to community amenities.
• Onboarding support (NIE guidance, bank account setup, utilities onboarding as needed).

Payment & Process

1. Reservation: €5,000 per share (refundable under agreed legal checks).
2. Private Contract: Balance to 10% deposit.
3. Completion at Notary: Transfer of deed / SPV shares; keys & calendar access delivered.
4. Setup: Calendar, management preferences, and (if chosen) rental onboarding.

Price Summary

• Share Price: €115,000
• Total (All 4 Shares): €460,000
• Buyer Taxes/Fees: Standard purchase costs apply in Spain (ITP/IVA depending on regime, notary, registry, legal). We’ll provide a tailored cost sheet before reservation.

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Call to Action

Interested in 1 or more shares?

• Book a private viewing (in-person or virtual).
• Request the Shareholders’ Agreement draft, usage calendar model, and full cost sheet.

Viveo Estate – Your Real Estate Partner in Spain
We can also arrange estate management and short-term rental marketing to maximize your enjoyment and returns.