30 Aug 2008 10:25 AM:

Kenneth,

I agree something needs to happen regarding Don Juan as it has been a White Elephant to date. It is clear that no opportunity to sell will exist in the short term so the rental returns are key. 

I will personally be trying to rent my apartment outside of the hotel pool as I can no longer live with the poor performance.

I am hoping the new management company is more successful but cannot hang around to find out.

Paul

Community thread: Anyone for a meet up around Duquesa next week?

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05 Mar 2008 11:21 PM:

This is my first posting on this thread. I will be going to HR on the 14/3/08 to view the development and surrounding area. I will be arriving Friday pm and leaving Sunday pm. Can anybody recommend a place to stay either in HR or in close proximity.  Also can you recommend places to visit to get a feel for the area and to sample the nightlife. It is important that not only does the development tick the box but it is a place that appeals to all not just golfers.

Your feedback would be greatly appreciate.

Paul

Community thread: HR Apartment for Rent.

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08 Sep 2007 10:58 AM:

Hi, This site is very quiet. I have some interesting information you may find interesting.

Please see attached link - apartments are being sold off at less than we paid in 2005 with a guaranteed 6 months rental income.

In the illustration based on a worse case 60% occupancy level a 1 bed will return 12000 euros minimum per annum.

What do you think - it looks like a good investment to me.

http://www.eurpropertyhosting.co.uk/ebooks/spain/DonJuan.pdf

Happy reading

Paul

Community thread: Anyone for a meet up around Duquesa next week?

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15 Jun 2007 6:54 PM:

Paul I am in the same position I will have to sit on it.

I hope EH sell out or Manilva becomes the place to be.

My next investment will be in commercial property - lessons have been learnt.

 

Community thread: All is Quiet!!!

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12 Jun 2007 9:51 PM:

Paul they are obviously still struggling to sell Don Juan although I was told some time ago that somebody had bought the balance - obviously not.

EH Hotels website says it all for me - poor. I suggest they will not continue with Don Juan if current apartments available to let doesn't increase. My apartment remains solely for personal use as I still cannot get any idea what the variable rental will be and I will not sign up for 5 years blind.

The last time I was there no gym equipment was installed and the place was like a ghost town. Never saw anybody use the restaurant. I think something has to give.

They asked for a community fee nine months ago but I have not paid (based on solicitor feedback) as no community has officially been set-up, are you paying community.

In hindsight not a good investment but it looks like I will have to take the longer term view as we seem to be in negative equity and I dont see that position changing for a number of years.

Community thread: All is Quiet!!!

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