Bungalow in Mijas

Features

Property ID:

ERS-44721

Bedrooms:

Bathrooms:

Price:

€ 166.000

Taxes:

€ 22.410

Total price:

€ 188.410

Total price* Housing price + Overhead costs approx. 13.5%

Property Status:

Resale

Property type:

Bungalow

Year of construction:

Meters:

70m²

Garage:

Swimmingpool:

Yes

Distance to beach:

Distance to airport:

Distance to restaurants:

Distance to Golf:

Distance to supermarkets:

Description

This text could be translated with Google Translate and can therefor contain errors.

THIS IS AN EQUITY RELEASE PROPERTY/ NUDA PROPIEDAD Usufruct Duration Fixed 10 Years Property Value euro270,000 Investment today* euro166,000 Discount 38.5% *Inclusive of Buyers Commission THIS IS AN EQUITY RELEASE PROPERTY/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this wonderful house in Mijas, Malaga, on a fixed 10 year deal. The current owner, Male, 60 years old. Reserve the right to use and enjoy the property for the next 10 years, at which time full access rights will go to the buyer. 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, this is a 10 year Usufruct. Bare Ownership (Nuda Propiedad): You acquire ownership of the property and can occupy it in 10 years. 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 for the next 10 years. It's a great way to enter the property market or invest for the mid term. ABOUT THIS PROPERTY 2 Bedrooms 1 Bathroom 1 Covered car parking Gated community 10 minutes drive to the Golf course. Sea view from the house and ample sun 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. The sellers remain responsible for utilities and community fees (if applicable).

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Agent

Tom Martinsen

Owner and estate agent Phone: +47 924 93 220 Email: tom.martinsen@alicante-property.no

Finances

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.