Flat

, Retiro, Madrid, Spain

Listed NaN years ago

3beds

2baths

100 m²area

3Bedrooms

2Bathrooms

100 m²Area

N/AYear Built

ApartmentType

Retiro, SpainLocation

About

IDEAL FOR INVESTORS: SALE OF BARE OWNERSHIP. Property Valued at €630,000 and the BARE OWNERSHIP is sold in exchange for a Single Capital Payment of €492,500. Usufructuaries are two ladies, aged 95 and 100, who will continue to use the property until their death. PROPERTY DESCRIPTION: EXTERIOR APARTMENT near Retiro Park, Cavanilles street, it is a unique opportunity to personalize to your taste, with 95 m² built and 90 m² usable, it has 3 bedrooms and a full bathroom, ideal as an investment. OTHER DATA: • Heating • VPO: NO. Free housing. • No community fees or garbage tax are paid (this remains the responsibility of the usufructuary). BARE OWNERSHIP IN SINGLE PAYMENT The sellers reserve the lifelong usufruct of the property. Therefore, upon the death of the usufructuaries, you as the buyer will have full availability of the property, as the Use and Enjoyment of it will be consolidated with the Bare Ownership. ANNUAL PROPERTY EXPENSES: The buyer will be responsible for the IBI (Property Tax) receipts, extraordinary Community fees, and the building insurance. The remaining expenses, i. e. , ordinary community fees, the Municipal Waste Fee (if it exists), contents insurance with civil liability, and utility bills will be the responsibility of the usufructuaries.