THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Property Value euro700,000 Purchase Price euro350,000* Discount 50% *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, detached Villa with private Swimming Pool, located in Playa Blanca, Las Palmas. The current owner, Male 64, female 82, 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 villa, has 3 Bedrooms and 2 Bathrooms and is located on a quiet residential complex in Playa Blanca, in the Light House area, at only 2 min walk to the shore and the seaside promenade and 5 min walk to shops and restaurants, a very privilege location in Playa Blanca, Las Palmas. The Villa sits on a large 671m² plot and boasts its own private Swimming Pool with beautiful mature gardens and even a private sauna. There are several terrace areas for relaxing and also a BBQ area. The property also has a outside covered seating area, from here you can access the self contained utility room. Inside the property you have a large sitting room with double doors that open on to the terrace. The Dining room has views out to the swimming pool. The stairs take you to the 1st floor bedrooms and bathroom, from the 1st floor you can also access the roof solarium with view of the sea. Build Area - 287m² Plot - 671m² Construction Year 2004 IBI/ Suma Tax - eurotbc Community Fees - euro900 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).