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Distressed Sale - 2 Bed Apartment in Denia

Home » Spanish Property » For Sale » Spain » Valencia » Alicante » Denia » 2 Bed Apartment

Property ID: 416185

Apartment

Price : €175,000

Delivery date: 1/1/2008

Key Features

  • - SERIOUSLY DISCOUNTED STOCK
  • - SUBSTANTIALLY BELOW OFFICIAL VALID BANK VALUATION
  • - FANTASTIC AREA
  • - 18 HOLE TO BE 27 HOLE CHAMPIONSHIP GOLF COURSE
  • - VERY FEW PROPERTIES AVAILABLE IN AREA
  • - EXCLUSIVE

Distressed Sale - Liquidation of Developer Stock

6 Apartments X 2 Bedrooms, 1 Bathroom Properties with parking & storage

Price 175.000 Plus VAT and Closing Costs (APPROX 10%)  TOTAL COSTS 192.500 EUROS

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Full Description

Bank Valuation - Bank Inter 20th Feb 2008. Average 260.000 euros per apartment. This is valid and can be used for mortgages.

INSTANT EQUITY OF 85,000 EUROS

Maximum loan to value for non residents 70% of bank valuation is 182.000 for capital repayment mortgage.

Only 10.000 Euros per apartment down is required the rest is via the bank.

Interest Only Mortgages available at 60% of the bank valuation.

Reason for Sale -

Developer liquidation to build a new golf course.

6000 euros non refundable deposit, 30/70 with bank finance.

Mortgages are subject to status.

ALL PROPERTIES ARE LEGAL AND CORRECT WITH ALL CERTIFICATES.

Properties are unfurnished. Except one 

This is direct developer stock

The developer has a solid and strong track record for over 30 years.

 

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