THIS IS AN EQUITY RELEASE/ INVESTMENT PROPERTY Property Value euro250,000 Investment today* euro160,000 Discount 36% Guaranteed rental return euro300 pcm *Excluding conveyancing costs Sale & Leaseback Investment Opportunity Fabulous Detached Villa in Lorca! THIS IS AN EQUITY RELEASE PROPERTY Please read the terms proposed at the end of the listing. Sale & Leaseback Investment Opportunity Buy this property today and take advantage of the stress-free Sale & Leaseback arrangement. Our owner in his 80’s, wishing to free up some of the value in his Spanish home will give our investor a reduction in the price. In return he wishes to remain living in this property at a reduced rent for the rest of his life. The owners/new tenants will pay a rental return of euro300 pcm. Like any rental agreement, they must honour all the terms and conditions of the deal. This is a detached villa in the Spanish countryside; a perfect escape from the hustle and bustle of 'normal life', boasting an array of features. The patient investor can buy it today with a 37% discount. Both buyer and seller will be protected by water tight contracts and agreements signed and stamped by the Spanish public notary and the Spanish land registry. Our agreement allows the owners of this home to remain living here until such time as they pass away, move to another country or go into full time health care. This property will ideally suit a savvy investor. We are aiming at those who intend to retire here in the next ten years or just someone who knows a wonderful deal when they see it. If you are thinking of retiring to Spain in the future, why not buy this property now? By the time the deal matures you may have bought a villa that is then worth around euro266,000 for just euro150,000 while your tenant maintained it like they have done for the past decade or so. ABOUT THIS PROPERTY Sleek finishes and a thoughtful open-plan layout, take full advantage of exactly what living in Spain has to offer. We can’t refer to the property as 'immaculate' as two bachelors are the current residents; A little TLC will fix that. Features of this 250 m2 home include a large covered and fly-screened terrace, overlooking the beautiful outdoor pool, entertainment and BBQ area. Beyond a functional entryway space, the home flows into a luminous, open-concept living, dining, and kitchen area. The spacious kitchen comes fully equipped, with fully working white goods, granite worktops, a double sink unit, American-style fridge freezer extractor hood over, and all you’d expect in a well-designed and constructed Spanish villa. It does get cold in winter, even in Spain. The wood-burning stove and indeed air conditioning units will provide a cosy warm atmosphere right through the winter. The inner hallway leads to a large family bathroom with a walk-in shower, and the 3 double bedrooms complete the layout. The large master suite is ready for the morning sunshine to burst in through the double glazed windows. To the rear, is the functioning central heating room, oil tank, and boiler. A beautiful staircase from the hallway leads to the upper floor with a size area of 94 m2 which is open and has not been divided yet. What about the outside space? We mentioned this is the antithesis of 'normal living', how does rearing chickens and running your own Almond farm sound as a way to ease you into Spanish life? You will entertain your guests in the large 5,000 m2 plot, bursting with light and shade courtesy of the large, old character-giving trees. One of the outside entertaining terraces has views of the surrounding mountains and even the medieval castle of Lorca. Are you looking for even more investment opportunities within this deal? When the owners purchased the property, their intention was to convert the 94 m2 attic. All the plans and licences are in place for conversion to a 3 bedroom, 2 bathroom apartment. An easy-to-add outdoor staircase makes it a fully independent property, within a property, both with their own entrances. A Granny flat, rental property or just more space will work here. If you buy this property in Lorca, and ultimately move here, you won’t be the first person to do so. Lorca, from Palaeolithic times through to the Roman era, was home to a wide range of cultures and settlers. This is evident among its historical remains; numerous archaeological sites, the Roman milestones, including the Espolon and Alfonsina towers. Since 1964 Lorca has been known as the Baroque city, due to the large number of Baroque monuments in the town centre. That year Lorca was declared an historic and artistic site. #13; Numerous cafes, tapas bars and restaurants now line these historic streets, just a few minutes from the featured villa.