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Apartment in Orihuela, Orihuela

This Apartment has 2 bedrooms and is priced at €56,200

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Orihuela

€56,200

Reference JJC0077
Location Orihuela - See our Orihuela area guide!
Property Type Apartment
Bedrooms 2
Bathrooms 2
Build size 82m2
Usufruct For life
Investment type: Annuity
Market value €140,000

Full description of this Apartment

Fantastic investment! Discount of approximately 60%.

For sale is the Bare Ownership of this fantastic house in Dream Hills 2, Orihuela, Alicante, in exchange for a down payment of 10.000€ and a temporary monthly rent of 600€ for 6 years and 5 months. The market value of the property is 140.000€.

The current owners, a married couple aged 68 and 67, reserve the right of use and enjoyment of the property for the rest of their lives.

Formalisation costs: The expenses generated in the sale and purchase (Transfer Tax, notary and registry) will be paid in full by the buyer, with the exception of the Municipal Capital Gains Tax, which will be paid by the seller.

Maintenance expenses: Once the transaction has been formalised before a notary public, the property expenses will be distributed as follows:

- The Real Estate Tax (IBI), the extraordinary charges and the building insurance will be assumed by the buyer.

- The contents insurance, the urban waste tax and the utilities (electricity, water, etc. ), whether individualised or not, will be assumed by the seller.

Description of the property:

A beautiful ground-floor apartment on Dreamhills 2, which stands close to the edge of open countryside, with park, children's play area, petanca courts and walks.

The property has two bedroom, 2 bathroom,  lounge, kitchen, laundry/games room and an under build for storage.

A large wrap around garden to 3 sides, North & South facing patios.

The North side with a balcony giving shade from the heat of the summer, the South being a suntrap all year round, with a bar & bbq area, for chilling and entertaining family & friends.

The property is on a small community with a communal swimming pool a few strides from the apartment. Supermarket, shops bars and restaurants 5 to ten minutes walk. There is a bus route to the La Zenia Boulevard, a main shopping centre. The sea is also close!


Read more about Orihuela in our area guide!