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THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Market Value euro287,000 Purchase today* euro176,050 Discount 38% *Inclusive of Buyers Commission THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this fantastic 3 bedroom, 2 bathroom Farm house. The current owner, a 80 year old male reserves the right to use and enjoy the property for the rest of his life. 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 fantastic 250 year old Farm House has been tastefully and professionally converted, retaining a lot of the old original features and is set in approximately 6 hectares of land containing Olive and Almond trees. At an altitude of 750 metres with spectacular views. Situated just 6 Kms from Puerto Lumbreras and 40 minutes from the coast . This property benefits from: Living Area Dining Room Study Kitchen Utility Room 3 bedrooms all with bathrooms ensuite. Two of the bedrooms have their own access to one of the bathrooms and one bedroom has its own private ensuite 2 Bathrooms Garage Swimming Pool Open Fireplace Woodburning Stove Underfloor Central Heating Build Area - 100m² Plot - 60000m² Construction Year 1965 IBI/Suma Tax - euro155 Community Fees - euron/a 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.