Tenerife Property Shop launch Amarilla Golf trade up plan

Tenerife Property Shop, the award winning Estate Agent, launched a new plan to help owners in Amarilla Golf to purchase homes in the new developments that are currently being released.  The trade up plan will allow Amarilla Golf owners to reserve a unit in one of the new developments with a deposit and defer payment of the balance until their existing property is sold.

Mary Spencer, a director of Tenerife Property Shop told us, 'There are so many exciting changes happening in the Golf and we have identified that many existing owners in Amarilla Golf wish to upgrade their property to a new and better one at the best pre-construction prices, but need to sell their existing property to facilitate the new purchase.  This plan is tailor made for them, so they don't miss out and can get in as early as possible when prices are at their lowest.'  The company has reached this agreement with selected developers, on behalf of Amarilla owners and already report considerable interest.

There is a new initiative to re-develop the Amarilla Golf area, which has been given the green light by the San Miguel local council.   The plans include the urban development of the area which will raise the quality of amenities available to residents.  Arturo Gonz'lez, the mayor of San Miguel, explained that the approved plans will be publicly displayed and then the improvements will be put out to tender in early February.  The work will take some 18 months to complete, and will cost about 9.6 million Euros.  The bill for this will be met by about ten developers with major interests in the area.  Mary Spencer told us 'The improvements being put in place are going to make Amarilla Golf  one of the most attractive places to have a property in Tenerife.  Even now we are  seeing a sharp rise in demand for property in the area.  Investors have already been reserving units in the new Palm Ridge development even before its official release.  About 25% has already been reserved within days of starting to promote the development.'

The plans include the construction of the largest leisure marina yet in Tenerife.  With a jetty of around 870 metres, and  350 moorings for boats with 10 to 20 metre berths, the San Miguel leisure marina will be located between the Amarilla Golf and Golf del Sur areas, on the San Miguel coastline.  Current estimates plan to have the marina finished and ready for use by the summer of 2005.  According to Antonio Tavio, the developer of the project, the marina will also feature a commercial area with a shopping area, restaurants and parking.  The new marina complex will occupy an area of 3,513 square metres and be situated just 5 kilometres from the Reina Sofia Tenerife Sur airport. Ample provision has been made for any future expansion required.

San Miguel's mayor, Arturo Gonz'lez, confirmed that the new marina combined with the recently announced re-planning of Amarilla Golf will bring an increase in tourism to the area, making the municipality more competitive within the tourist sector.  He said, 'Due to the location of the San Miguel marina, between Amarilla Golf and Golf del Sur, both areas will benefit.'

Francisco Tabares has been appointed to head up the construction.  Tabares has many years of experience of this type of project under his belt, having been previously involved in the construction of the Almerimar marina in Almer'a, the Marina Este complex in Almu'ecar, the esplanade in Peurto Nao, Lanzarote, and the expansion of the old port in Los Cristianos.