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Equity Release Opportunity – Tenerife

€95,000
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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 180,000 euro. The 65 year old man owner reserves the right to live there for the rest of her life. If he 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/

 

 

 

This is PROPERTY a fantastic apartment is sold in Costa Adeje, Santa Cruz de Tenerife, in exchange for a one-time payment of 95,000 euros. The house is valued at 275,000 euros.

The current owner, 65-year-old man, reserves the right to use and enjoy it for life.

Once the sale is formalized, the expenses of the property
will be distributed as follows: – The buyer will start to assume the Real Estate Tax, extraordinary spills and mainland insurance.
– The seller (usufructuary) will continue to assume the community fee, payment of supplies (light, water, etc.) and content insurance.

This spectacular apartment consists of 2 bedrooms, each with an en suite bathroom. Cozy kitchen that links to large living room. Two large terraces, one enabled with a hanging sofa area and dining table and the other equipped to put a garden (currently there is only land). In addition it has an internal space that is enabled as a washing area and storage of cleaning materials.

 

The community has excellent features, within which there is a wonderful swimming pool.

The location of the apartment is exceptional, it is close to a health center, sports areas, a water park and a shopping center. It is surrounded by a variety of bars and restaurants. Better to visit!

Address

  • City: Tenerife
  • Country: Spain

Detail

Updated on November 10, 2020 at 9:30 pm

  • Property ID: ER104
  • Price: €95,000
  • Land Area: 82
  • Bedrooms: 2
  • Bathrooms: 2
  • Year Built: 1987
  • Property Type: Apartment
  • Property Status: Equity Release
  • Exclusive: Yes
  • Bare Ownership: No

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