THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Market Value euro110,000 Purchase today* euro56,050 Discount 49% *Inclusive of Buyers Fee THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this 3 bedroom apartment in San Cayetano. The current owner, a male 78 year old reserves the right to use and enjoy the property for the rest of his life/ until permanent entry into a nursing home or under state care. 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 The apartment is on two floors, consisting of three bedrooms, and two bathrooms. It is south facing and the lounge and main bedroom look out on to mature gardens from two terraces. It is in an urbanization that includes a leisure centre with tennis courts, and a large swimming pool. There is a local Spar supermarket, just 4 minutes walk away. A ten minute drive will take you to a number of beaches, predominantly the Mar Menor. Just ten to fifteen minutes away are the lovely towns of Los Alcazares and San Javier. Both have many supermarkets, restaurants and bars. The nearest International airport (Murcia International) is just 20 minutes drive away.