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THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Property Value euro175,000 Purchase today Down Payment of euro51,550* Monthly annuity of euro350pm for 120 months Total Paid euro93,550 Discount 47% *Inclusive of Buyers Fee THIS IS AN EQUITY RELEASE PROPERTY/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this lovely Townhouse in Benijofar, Alicante. The current owners, (Female, 69 & Male 62 years old) reserve the right to use and enjoy the property for the rest of their lives. 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 a predetermined period, typically their lifetime/ until permanent entry into a nursing home or under state care. 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 (usually upon the seller's passing/ until permanent entry into a nursing home or under state care) 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 Semi-Detached Three Storey Townhouse currently divided into Two Self Contained Apartments The main apartment is on two levels Hallway WC/Laundry Large Lounge area Open Plan Kitchen Master Bedroom Family Bathroom A Spiral staircase leads to Small second Bedroom Conservatory Area, used as an office which leads to Sunroof Solarium (soon to be covered as a sunroom) Large roof space storage area Ground Floor Apartment with its own separate entrance Large Lounge Area Large refurbished Kitchen & Dining Room Master Bedroom Bedroom 2, currently used as an office & storage area Family Bathroom Integral Garage with power Garden with a few trees and artificial lawn laid to front and side 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.
This info given here is subject to errors and do not form part of any contract. The offer can be changed or withdrawn without notice. Prices do not include purchase costs.