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"Bare ownership sale at a 49% discount offers significant capital appreciation potential, but buyer must wait for usufructuary’s lifetime. Large 149 m² ground-floor apartment with garage in central Alicante, near amenities and transit."
Fantastic INVESTMENT! The BARE OWNERSHIP of this fantastic apartment on Calle Rafael Asín, Alicante, is for sale. The current owner, a 71-year-old gentleman, will retain the right of use and enjoyment of the property for life. The property has a market value of €215,000, and a 49% discount is applied to that value. What does this imply? FORMALIZATION COSTS: Paid in full by the buyer. The costs generated in the sale (Property Transfer Tax, notary, and registry). With the exception of the Municipal Capital Gains Tax, which will be paid by the seller. MAINTENANCE COSTS: Once the transaction is formalized before a notary, the housing costs will be distributed as follows: 1. The Real Estate Tax (IBI), extraordinary assessments, and building insurance will be assumed BY THE BUYING PARTY. 2. The ordinary community fee, contents insurance, urban waste tax, and utilities (electricity, water, etc. ); whether individualized or not, will be assumed BY THE SELLING PARTY. Property Description: Spacious ground-floor apartment of approximately 149 m² built, located on Rafael Asín street, in an established residential area of Alicante, with all services within walking distance and good connection to the city center. The house is distributed into three bedrooms, a full bathroom, and a second service bathroom, as well as an equipped kitchen and a spacious dining room, ideal for daily life and family gatherings. It stands out for having two patios, one of them a terrace type, which provide natural light and pleasant, very usable outdoor spaces. Includes a garage space, an important added value in the area. The surroundings offer proximity to supermarkets, educational centers, public transport, green areas, and shops, making this home a very convenient option both as a primary residence and as an investment. PROFESSIONAL FEES ARE €6,000 PLUS VAT AND ARE NOT INCLUDED IN THE SALE PRICE.