- Discount: 30%
- Purchase Price: € 94,950
- Market Value: € 140,000
- Area: 86 m²
- Bedrooms: 3
- Bathrooms: 2
- Floors: 2
- Lot size: 200 m²
- Year built: 2003
- Usufruct Period: For life
- ID: JJC0071
Fantastic investment opportunity! Alicante, Spain.
For sale is the BARE OWNERSHIP of this beautiful villa in Rojales, Alicante. The current owner, an 84 year old lady, reserves the right to use and enjoy the property for the rest of her life. Usufruct is a Spanish legal concept allowing her to remain there for the rest of her days.
From the investor’s point of view it means they do not have to worry about renting the property or dealing with property management. Simply put, when the lady no longer lives there, the owner investor has full control and rights to sell the property for a profit, live in the property or rent it.
The current owner is aware that once the deal matures, the investor has this legal right which is recognised by the Spanish land registry.
This is a very rentable area with expats and Spaniards alike taking full advantage of 320 days of sunshine the Alicante region has to offer.
The property has a market value of 140.000€. It can be bought today with a discount of 45,000 euro or more.
Payment plan: Strictly speaking, the buyer will pay a one-off down payment of 94.950€. As with everything in the real estate sector in Spain, there can be some negotiation and the owner is at least interested in talking about terms.
As with all deal in Spain, the expenses generated in the sale and purchase (i.e. the transfer Tax, notary and Spanish land registry) will be paid in full by the buyer, with the exception of the Municipal Capital Gains Tax, (CGT) which naturally will be paid by the seller.
Costs on a deal like this one will run somewhere below 15,000 euro to cover law, tax etc.Once the transaction has been formalised before the notary, the costs of the property will be distributed as follows:
- The current owner will be responsible for maintenance of the property. This is a huge saving for the investor. Example; If the washing machine breaks, it is her obligation to replace it, not yours. Ditto for all maintenance. Regarding insurance, the “Bricks and Mortar” insurance for the property as well as the “IBI” (council tax) are paid by the buyer.
- The community fee, supply costs and content insurance are paid by the seller. She has lived here for many years and, like many owners, is house-proud. This is a perfect guarantee for the new buyer. The property will not be returned to you in great shape, not something we can always promise the investors who purchase student accommodation or buy to-short-term-let property here or abroad.
Description of the property
This south facing 3-bedroom 2- bathroom detached villa in Benimar is in the ideal location for both amenities AND peace and quiet.
Situated away from the main drag, and part of a quiet community, this property is also within a very short walk to the numerous bars and restaurants of Benimar and is very close to the neighbouring villages of Rojales and Benijofar. Tourist resorts such as Torrevieja, Almoradi, Quesada and Guardamar are right on your doorstep.
The popularity of the region is partly based on the wide range of things to do and see. The water parks, the lakes, the beach, (of course) and truly world class golf in La Fina, Quesada, (now known as La Marguesa) Las Colinas and Alicante golf. Many PGA tour golfers have been seen in the area including Spain’s Miguel Angel Jimenez so if you hit a wayward drive, make sure to shout “fore”!
There are two international airports within a short drive. For an investor right now this may not matter, after all you will not be visiting the house regularly. When this all does matter is when you go to sell or rent the property. This all adds value. Simply, people want to live here and will pay for the privilege to do so.
The closest beaches are numerous. Torrevieja and Guardamar del Segura are probably the most popular but there are hundreds of miles of coast to enjoy along the Mediterranean.With all the well-proportioned rooms on one level, this property is easy to navigate and it flows particularly well. Our clients call it Feng Shui!
An external staircase leads to the solarium with its distinctive tower; a feature which is full of potential. Glazed in, it could provide a very handy extra room for both summer and winter use, thus maximising what is a very nice space indeed. No planning permission is needed for an extension like this.
The property has its own parking and a glazed porch entrance. It also has a small garden area, and a kind of recreation area with awning, perfect for summer and winter entertaining. The property is an independent complex of 86 m2 approx. and is situated on a plot of 200m2.
It has a total of 3 bedrooms: the main one, one with two single beds and another one with one single bed. All of them have good exterior light. There are also 2 bathrooms.
The living-dining room is very spacious and is connected to a fully equipped American style kitchen. Under the staircase there is a gallery/storage area.
On the upper floor there is an incredible solarium terrace, with a large size, where you can enjoy the long sunny days in complete privacy. It has a glass tower and 2 other storage areas.
Your new dream home, very close to the sea, where there are plenty of leisure options and places to visit nearby.
Perhaps you are thinking of retiring to Spain in the next ten years. If you talk to us we can explain how this might be the absolutely best time to invest in this sort of property, enjoy your 40,000 discount and move one step closer to living your Spanish retirement dreams.
Regular investors will love the property, the deal and the discount.
Email us today and we can discuss how this opportunity will suit your personal situation.
View on map / Neighborhood
- Storage Room
This property is located in Rojales is a Bare Ownership operation and has been listed on JJC Capital Partners. It is currently listed at € 94,950. It has 3 beds, 2 baths, and is 86 m². The property was built in the year 2003.