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THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Property Value euro203,000 Purchase Price euro109,050* Discount 46% *Inclusive of Buyers Commission THIS IS AN EQUITY RELEASE PROPERTY/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this lovely 3 Bedroom, 2 Bath, Townhouse situated on a small community with communal Swimming Pool, located in Guardamar del Segura, Alicante. The current owner, 63 years old, will have a Usufruct and reserves 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 their lifetime. 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 , 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 This beautiful well maintained Town House, has 3 Bedrooms and 2 Bathrooms and is located on a quiet residential complex in Guardamar del Segura. 5 min drive to the beach and close to shops and restaurants. As you enter the property, you are greeted with a large garden and terrace with seating area. There is a large sitting room with dining area and convenience of a downstairs bathroom. The kitchen is self contained and has a separate utility room. The stairs take you to the 1st floor bedrooms and an extra bathroom. The 1st floor bedrooms have access to balconies and at the top of the property is a large roof solarium. Build Area - 85m² Plot - 90m² Construction Year 2003 IBI/ Suma Tax - euro340 Community Fees - euro300 Both buyer and seller benefit from legally sound contracts, officially signed and registered with a Spanish public notary and the Land Registry. In addition to the purchase price, the buyer pays Property Transfer Tax, notary fees, Land Registry fees, and future annual IBI/Suma tax and property insurance. The sellers remain responsible for utilities and community fees (if applicable).
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.
Phone: +47 924 93 220
E-Mail: tom.martinsen@alicante-property.no
Address: Ilaveien 1a - Norge
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