30 Jul 2008 2:13 PM:

So further info on this extension idea, having run it past the lawyers seems this is a non-starter, basically when the First Occupancy Licence is granted for the phase you have to proceed and sign purchase deed.
Idea is that the license will only be granted when perfectly safe/accetable to do so, so hopefully for phase 3 we will not be affected by the phase 4 building work.
Community tax and IBI not set yet as these only happen when community is up and running.

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14 Jul 2008 3:30 PM:

The other site is about 500 metres from side of final plot.. ...on next 'ridge'....the roads are there and the Promaga flags are already up ...
No idea of unsold...we did ask but developer didn't share this info...we did hear all 2 beds are gone...but haven't had it confirmed..think there are townhouses in phase 4 still available.
We could do with someone sending an anon enquiry into promaga!

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14 Jul 2008 1:58 PM:

Also, saw announcement Monarch will be operating direct flights from Manchester to Gib from September.

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14 Jul 2008 10:28 AM:

Hi, Just returned from a site visit and some general brain dump info we picked up...please note all personal info and opinions nothing in writing:-)
We have been asked for final payment however will not be signing and will be asking for an official extension.
LOFO to be released in phases...1 & 3 first. Didn't ask about two. -
Indications was the LOFO would be ready in 6 weeks - again i think highly unlikely Phase 4 is very much a full scope building site and can't possibly rent/live in Phase 3 with that much work ongoing.
Also, buidling work stops in August so personal opinion is October at earliest (however we are checking with lawyers)
Gardens / pool around 1& 3 are in final stages
Suggested costs - Community fees approx 100 euro per month
IBI (including Basura) suggested 500-700 euro per year
We viewed the show home (now moved to townhouse in phase 1)...build quality very high - will be very pleased....views of the rock and shore fantastic.
Long term rental very mixed views locally and in Gib (two bed apartment - opinions from 750 euro a month to 1000-1200 euro a month)
My opinion on Phase 4 is this time next year you may have the plots finished....there is a lot to do....
Nothing is happening on commercial area...this does not seem to be owned by promaga and is a very run down buidling...we are checking ownership plans with lawyers - cannot imagine this being ready within 12-18 months...
Also, there is another development plot Vista Hermosa 2 - which seems to be same size again as out plots..apparently buidling work to start in 3-4 years.
Area now well serviced new motroway exits and really is only 20 mins into Gib....
Beach 5 mins away by car...it is a fantastic hidden gem..(as beaches were 20 years ago)..we heard this area will not be developed as it is very strictly controlled....
all for now....


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07 Jul 2008 3:49 PM:

Haven't heard back yet about LoFo ...we are meeting local agents on site friday morning to see what the place looks like currently.....then be doing some research on current  rental/sales values...

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