Description
THIS IS AN EQUITY RELEASE / NUDA PROPIEDAD
Sale and Leaseback Opportunity
Usufruct Duration: Lifetime
Market Value: €1,200,000
Purchase Today*: €901,425
Discount: 25%
*Inclusive of Buyers Commission
Property Type: Townhouse
Location: Nerja, Malaga
Bedrooms: 11
Bathrooms: 10
Internal Surface: 150m²
Plot Size: 300m²
Pool: No
Condition: Excellent
Occupants (Usufruct Holders): Male 71 & Female 73
Usufruct Rights: Lifetime use of property with rent
Rent: The owners/new tenants will pay a lifetime rental return of €2,500pcm. Rent will be revalued annually based on CPI. Like any rental agreement, they must honor all the terms and conditions of the deal.
Property Description:
This large property contains 3 complete self contained dwellings.
Upstairs of the property has a large lounge, kitchen, dining room, along with 4 double bedrooms, 3 of which have en-suite bathrooms, and office room (which could be a 5th bedroom if needed) along with a large family bathroom.
There is an Atrium in the centre of the villa with a roof terrace.
The downstairs contains 5 more bedrooms (3 doubles and 2 triples) all with en-suite bathrooms, an Office/storage room, a shower room, along with a kitchen, dining area, lounge and garage.
There is also a separate apartment with its own double bedroom, bathroom, lounge,
kitchen and a separate entrance.
Outside of the property, in the garden there is a beautiful 8m x 5m swimming pool, a pergola, several terraces and secure private car parking for up to 10 cars.
The property is located 1km from the centre of Nerja and 50Km East of
Malaga
.
Both buyer and seller benefit from legally sound contracts, officially signed and registered with a Spanish public notary and the Land Registry.
In addition to the purchase price, the buyer pays Property Transfer Tax, notary fees, Land Registry fees.
