Arana de Mijas – guaranteed rentals in guaranteed sunshine

In a competitive Spanish property market the development of Arana de Mijas stands out as a beacon amongst a blur of mediocrity. The superb development of 160 apartments occupying a privileged spot within Mijas’ iconic new one million square metre golf resort, Cerrado del Aguila, not only wins on place but also on price and product. And, such confidence has the developer that a guaranteed rental of 5% per annum for two years from completion is being offered to all purchasers.

With a contemporary architectural style, homes at Arana de Mijas are spacious, equipped with the latest domotics and importantly – courteous to the environment. Modern construction techniques ensure energy efficiency, saltwater systems are used in the communal swimming pools, the attractive landscaped gardens are lovingly planted with native species and a centralized solar energy system is expected to cut individual consumption costs to less than half the usual rate.

Arana de Mijas itself treats owners to a heated indoor swimming pool, Spa with Turkish bath and sauna, two outdoor swimming pools, padel tennis court and a residents-only concierge service to cater to every whim including repairs, cleaning, babysitting, car hire, maintenance and rentals. The macro-resort of Cerrado del Aguila extends its facilities to Arana de Mijas residents and these include an 18-hole PGA standard golf course and luxury suite hotel which is sited at the highest point of the resort affording guests panoramic views across the golf, the picturesque town of Mijas and the deep blue Mediterranean beyond. After a long round golfers will enjoy an innovative yet practical Clubhouse. Fusing oriental, Caribbean and tropical styles, the facility will have a coffee shop, bar and restaurant with spacious terraces from which to capture the all-day sun, pro shop plus changing rooms with Jacuzzi and sauna.

Cerrado del Aguila is located at the heart of Mijas’ ‘Golf Valley’ with an additional six golf courses within five minutes of the resort to tackle. The famous Hipodromo Costa del Sol racecourse, fun-packed AquaPark, sweeping sandy beaches and tasty seafood restaurants of Mijas are also within easy reach. Málaga International Airport served by both no-frills and no-corners-cut airlines can be accessed by motorway in 15 minutes and the new high speed AVE connects Madrid to Málaga in a rapid two and a half hours.

Prices start from 285,000 euros for a two bedroom apartment and payment terms begin with a 6,000 euro reservation deposit followed by 10% on private purchase contract and 90% upon completion scheduled for Summer 2009.

The guaranteed rental scheme of 5% per annum for two years is optional but owners must either fully furnish and equip the property themselves or request that the developer carries out this task for an additional charge. Owners are liable to pay community fees, IBI (similar to council tax) and utility bills during the guaranteed rental period.

For further information, visit duchyestates.co.uk.