THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Market Value euro735,000 Purchase today* euro577,225 Discount 21% Guaranteed rental return euro1,300 pcm *Inclusive of Buyers Commission PRICE REDUCTION, WAS euro583,275, NOW euro577,225 Sale & Leaseback Investment Opportunity Buy this 5 bedroom House in Estepona today and take advantage of the stress free Sale & Leaseback arrangement. Our owners (66 & 70 years of age) wishing to free up some of the value in their Spanish home will, in exchange for a long term, discounted price rental agreement, give our investor a reduction in the price. The property can be owned by paying one-time payment of euro577,225. The owners/new tenants will pay a rental return of euro1,300.pcm. 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. 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), 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 property is set over 3 floors, with the first floor being a fully self contained apartment consisting of 2 bedrooms, 2 bathrooms, full kitchen, lounge, dining room and a private 15' garden. Ideal as a granny flat or for teenagers and could be leased for euro1,000 per month The second floor consists of Lounge, Dining Room, Kitchen and Bathroom and benefits from a large balcony The third floor has 3 Bedrooms, 2 Bathrooms and 2 large balconies. Fantastic views of the Mediterranean sea and the Rock of Gibraltar Garden area with Pool Build Area - 308m² Plot - 327m² Construction Year 1988 Suma - euroTBC 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).