*Buyer Commission is €5,000 + IVA and are not included in the purchase price
THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD
For sale is the BARE OWNERSHIP of this lovely 1st floor apartment in the sought after Los Alcazares, Murcia. The apartment is situated only 1500 meters from the beach.
The current owner, (a 69-year-old gentleman) will have an Usufruct and reserves the right to use and enjoy the property for the rest of their life.
What does this mean?
This property offers a unique chance to acquire ownership through Nuda Propiedad, a concept meaning "bare ownership." Here's how it works:
You purchase a portion of the property's ownership at a discounted price compared to the market value.
This creates two ownership rights:
Usufruct: The seller retains the right to live in and use the property for their lifetime.
Bare Ownership (Nuda Propiedad): You acquire ownership of the property itself but cannot occupy it until the usufruct period ends.
Once the usufruct period expires , full ownership, including occupancy rights, will transfer to you.
This approach allows you to invest in the property's future value at a reduced cost, while the seller enjoys continued use of the property. It's a great way to enter the property market or invest for the mid term.
About this Property
The apartment is a charming home in a pleasant area, in the Mar Menor vicinity, Spain. Here you have shops, good restaurants, beaches, and a lovely long promenade. Clients enjoy the cozy cafes just around the corner! The apartment is situated only 1500 meters from the beach, just 5 minutes by car.
The apartment has been totally renovated recently. Renovations include new air conditioning, a new oven, and a hot water boiler. The bathroom is fitted with a walk-in Electrical power rain shower. The entrance room/music room, has been fully double glazed including new PVC windows and door. The living room has a new pellet-burning stove. All interior walls have been fully insulated, thus the temperature is warm in winter and cool in summer. The exterior has been recently redecorated.
Build Area - 46 m2
Plot - 56 m2
Construction Year 1991
IBI/Suma Tax - €200
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.
