Apartment for sale in Frigiliana, Málaga

THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD SALE & LEASEBACK INVESTMENT OPPORTUNITY Property Value euro1,200,000 Purchase today* euro901,425 Discount 25% Guaranteed Rental Return euro2,500pcm *Inclusive of Buyers Fee Buy this property today and take advantage of the stress-free sale & leaseback arrangement. THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Buy this property today for a discount of over euro298,575 and take advantage of the stress-free sale and lease back arrangement. Our owners, in their late 60's, are wishing to free up some of the value in their Spanish home, in exchange for a long term, discounted price rental agreement, giving the buyer a 25% reduction verses market price. The owners/new tenants will pay a lifetime rental return of euro2,500pcm. Rent will be revalued annually based on CPI. Like any rental agreement, they must honor all the terms and conditions of the deal. What does this mean? This property offers a unique chance to acquire ownership through Nuda Propiedad, a concept meaning "bare ownership." Here's how it works: You purchase a portion of the property's ownership at a discounted price compared to the market value. This creates two ownership rights: Usufruct: The seller retains the right to live in and use the property for a predetermined period, typically their lifetime. Bare Ownership (Nuda Propiedad): You acquire ownership of the property itself but cannot occupy it until the usufruct period ends. Once the usufruct period expires (usually upon the seller's passing), full ownership, including occupancy rights, will transfer to you. This approach allows you to invest in the property's future value at a reduced cost, while the seller enjoys continued use of the property. It's a great way to enter the property market or invest for the mid term. About this Property This large property contains 3 complete self contained dwellings. Upstairs of the property has a large lounge, kitchen, dining room, along with 4 double bedrooms, 3 of which have en-suite bathrooms, and office room (which could be a 5th bedroom if needed) along with a large family bathroom. There is an Atrium in the centre of the villa with a roof terrace. The downstairs contains 5 more bedrooms (3 doubles and 2 triples) all with en-suite bathrooms, an Office/storage room, a shower room, along with a kitchen, dining area, lounge and garage. There is also a separate apartment with its own double bedroom, bathroom, lounge,kitchen and a separate entrance. Outside of the property, in the garden there is a beautiful 8m x 5m swimming pool, a pergola, several terraces and secure private car parking for up to 10 cars. The property is located 1km from the centre of Nerja and 50Km East ofMalaga.

Apartment for sale in Frigiliana, Málaga

House in alto Pago Castillo, Frigiliana

Description

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