THIS IS AN EQUITY RELEASE PROPERTY PLEASE LOOK AT www.equityreleasespain.com FOR A FULL DESCRIPTION AND HOW THIS WORKS. Welcome to this beautiful investment opportunity. This is an equity release property, located in the centre of the thriving bustling Alicante city. This well presented 1-bedroom property offers ample living space, a prime central location, and all the comforts of living in a cosmopolitan city centre. First floor one bedroom apartment based in the Mercado area of central Alicante. Close to all amenities and the marina. The apartment is one of six in the 3 storey block without a lift measuring 65m2. Open plan lounge/ dining/kitchen area with high ceilings and timber beams. Two full length windows lead onto small balconies at front of property. Large double bedroom, with dressing area and access to back terrace which has an utility area. Large bathroom with shower and is fully tiled. Air conditioning (cold and warm) fully installed with built-in fridge/freezer, dish washer, oven/hob/extractor and washing machine and dryer. THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Market Value euro220,000 Purchase today* euro112,000 Discount 54% *Inclusive of Buyers Commission THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD 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. 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.