THIS IS AN EQUITY RELEASE/ INVESTMENT PROPERTY Property Value euro57,500 Investment today* euro29,500 Discount 48% *Excluding conveyancing costs LOS ALCAZARES: 1 BEDROOM APARTMENT: INVESTMENT OPPORTUNITY!! We seek an investor for an Equity Release opportunity to buy this property at a great discount with the allowance of the current owner to live there for the rest of his life. The current owner is 68 yrs old and would hold the right to live in the property rent-free for the remaining time he has or decides to stay in Spain. THIS IS AN EQUITY RELEASE PROPERTY For sale is the BARE OWNERSHIP of this great 1 bedroom Apartment in a sought after location. Our client a 69 year-old gentleman wishes to pursue a "Sell and Stay" option. This means once we introduce him to the right investor, he will remain living in his home. The property can be owned by paying one time payment of just euro29,500 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 long, lovely 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. The apartment is located in Los Alcazares, a coastal spa town just 25 minutes from the Corvera international airport. The Mar Menor which belongs to three other municipalities, San Pedro, San Javier, and Cartagena attracts tens of thousands of visitors every year. They flock here to dip in the therapeutic waters (and mud!) of the area. This is after all Europe's largest saltwater lagoon. Connected to the adjacent Mediterranean sea by several smaller channels and canals, it is a very popular destination for sailing, windsurfing, kiteboarding, and other water sports enthusiasts. The water in the Mar Menor tends to be 3 degrees warmer than the "regular" Mediterranean waters, a bonus for year-round swimmers. Los Alcazares plays host to numerous fiestas and festivals throughout the year. the most famous being a large medieval market at the end of every March. Another famous festival is 'La Huerta'; an international folklore festival in celebration of the region's status as the market garden of Spain.