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Equity Release Opportunity – Malaga

€115,000
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Description

Investment. Fully legal operation.

This opportunity gives an investor the chance to purchase this property freehold with a discount of over 155,000 euro. The 69 year old lady owner reserves the right to live there for the rest of her life. If she passes away, the investor takes full ownership immediately. More details on the legality and tax implications are available form our legal and taxation partners, Spanish Solutions:

https://www.spanishsolutions.net/blog/bare-ownership/investment-in-spain/

 

 

Summary

House market value: 270,000

Gender and age of first user: 69-year-old lady

Gender and age of the second user: –

 

Proposal

A fantastic apartment is sold in Torrequebrada, Benalmadena (Malaga), in exchange for a one-time initial payment of 115,000 euros. The house is valued at 270,000 euros.

The current owner, 69-year-old lady, reserves the right to use and enjoy it for life.

 

Detail

Housing on the first floor very bright and with excellent qualities. The farm has 2 exterior bedrooms with fitted wardrobes and 2 bathrooms. Large living room with several rooms and very bright. It includes a cozy and spacious terrace that is accessed through the living room. The terrace is divided into 2 parts; one of them closed with a glazing system that can be opened and closed, with a large dining table and a quiet sofa area. The other part of the terrace is open and overlooking the interior of the urbanization. The kitchen is in excellent condition. In the price of the farm is included a parking space and a storage room.

The community is characterized by its great breadth. It has an amazing garden, swimming pool, gym, 24 hour surveillance, etc. The location of the farm is unbeatable; it is located in a residential area surrounded by high standing homes, in front of the golf course and 3 minutes drive from the beach. Better to visit!

Address

  • City: Malaga
  • State/county: Almeria
  • Country: Spain

Detail

Updated on November 10, 2020 at 9:26 pm

  • Property ID: ER105
  • Price: €115,000
  • Land Area: 102
  • Bedrooms: 2
  • Bathrooms: 2
  • Year Built: 2002
  • Property Type: Apartment
  • Property Status: Equity Release
  • Exclusive: Yes
  • Bare Ownership: No

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