Equity release home/house/villa in Altea, Alicante, 5 bedrooms, 4 bathrooms, private pool, fantastic views, price 689,000 euros, market price 1,150,000 euros, (40%).

This is an equity release residence/house/villa in Altea, Alicante. This means that this aging owner is willing to sell at a very reasonable price if he can stay until he passes away or has to move to a nursing home/hospital. The person is selling for 689,000 euros. Market price is 1,150,000 euros. (40% discount). In addition, the buyer will receive a guaranteed rental income of 1,200 euros per month. The price is exclusive of mediation costs. Read more about equity release real estate here.

A fantastic 5 bedroom 4 bathroom property in the beautiful town of Altea, IS Alicante EQUITY. RELEASE PROPERTY Sale & Leaseback Investment Opportunity Buy this property today and take advantage of the stress-free Sale & Leaseback scheme. Our owners (aged 73 and 71) who want to release some of the value in their Spanish home will give our investor a reduction in price. In return, they want to live in this property at a reduced rent for the rest of their lives. The owners/new tenants will pay a rental return of 1,200 euros pcm. Like any lease, they must comply with all terms and conditions of the agreement. The rent will be reviewed annually based on the CPI. The buyer cannot evict while fulfilling the payments. This will be noted in the Spanish land register. However, if the owner stops paying, normal Spanish legal procedures will come into play. Both buyer and seller will be protected by watertight contracts and agreements signed and stamped by the Spanish Notary Public and the Spanish Land Registry. Our agreement allows the owners of this house to live here until they pass away, move to another country or enter Spanish healthcare full time. With all our sellers, we aim to find the perfect location. We need the investor to get an incredible investment opportunity and the sellers to achieve what they want, to live without stress in the house that has become their home for the last 20 years. ABOUT THIS PROPERTY Altea with its whitewashed house facades, caves of narrow streets, microclimate and palm-lined promenade is one of the most attractive towns in the Valencia region. The property runs over 3 floors and consists of a spacious living/dining room Study Large kitchen with a view to the sea and mountains. Utility room 4 double bedrooms all with en suite bathroom, 5th bedroom has WC and wash basin, with space for shower. A lift serving the 3 floors of the main house Central heating Fully alarmed and cameras There is also an independent apartment with 2 bedrooms, with shower room, kitchen and living room. Substructure with workshop etc. Plot - 1462 metres; Interior-350 sq m; Exterior - 450 sqm Parking for 8 cars Swimming pool Garden Terrace BBQ Magnificent south facing sea and mountain views This is the ideal investment, low commitment from the investor, virtually risk free, high yield property purchase. Buy this home today and watch your investment grow. Simple exit strategy, tax efficient deal