Description

INVESTMENT OPPORTUNITY: SALE OF BARE OWNERSHIP IN ALICANTE The bare ownership of a property located in the Plaza de Toros–ADDA Auditorium area in Alicante is exclusively for sale. The current owner, 71 years old, will retain the lifetime usufruct. The property is currently rented, and the usufructuary will maintain the status of landlord, being responsible for the management of the contract and the full collection of the rent. Therefore, the buyer acquires the bare ownership without immediate possession and without the right to receive rent while the usufruct remains in effect. Property Features The property has approximately 37 m² of private built area, plus 10 m² of common elements. It is distributed as follows: One exterior bedroom with a built-in wardrobe. Exterior living-dining room. Independent kitchen with a serving hatch to the living room. One full bathroom. It has air conditioning and is sold furnished. It is located on a second floor from one entrance and a third floor from the other, due to the difference in elevation between the two streets. The building was constructed in 2005 and has an elevator. Location Located in a consolidated urban environment, close to the Plaza de Toros and the Alicante Provincial Auditorium (ADDA), a few minutes from the city center. The area has supermarkets, shops, restaurants, educational centers, health centers, and public transport, as well as good connections to the main access roads to Alicante. Distribution of expenses during the usufruct To be paid by the usufructuary: Ordinary community fees. Contents insurance. Urban waste tax. Utilities. Management and obligations derived from the lease agreement. To be paid by the bare owner: Real Estate Tax (IBI). Extraordinary building assessments. Building insurance. Property Transfer Tax (ITP). Notary and registry expenses derived from the sale. An operation especially indicated for investors looking to acquire a real estate asset at a discount on its market value and with a medium or long-term wealth strategy. Important: only the bare ownership is for sale. It is not possible to occupy the property or receive rental income until the usufruct is extinguished and full ownership is consolidated. The advertised sale price includes real estate brokerage fees. Taxes and notary and registry expenses are not included.

Features