Description
THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD
Usufruct Duration Life Time
Market Valuation €110,000
Purchase today* €55,000
Discount 50%
*Buyer Commission is 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 1000 meters from the beach.
The current owners, are 70 and 71 years old 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 1000 meters from the beach, just 5 minutes by car.
We present this fantastic first-floor apartment, located just 1000 meters from the beach, in an unbeatable location to enjoy the sea and the Mediterranean lifestyle.
The property has been completely renovated, offering a modern and functional design. It features two bedrooms, a bathroom, a living-dining room with a fully equipped kitchen, and a terrace ideal for enjoying the outdoors.
Due to its proximity to the sea, its excellent condition, and its layout, this apartment is a great opportunity both as a holiday home and as an investment, as it is perfect for tourist or seasonal rentals.
A move-in ready property in one of the most sought-after areas on the coast.
Build Area - 70 m2
Plot - 80 m2
Construction Year 1991
IBI/Suma Tax - €100
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.
