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Key selling points
- 2 Bed 2 Bath Second floor or 2 Bed 1 Bath Penthouse
- 40% Under Market Value
- Brand new, Pristine Condition
- Communal Swimming Pool
- Mountain Views
- Close to Amenities, Beach and Golf
This property is a BANK REPOSSESSION hence the bargain price of ONLY 84,995euros, that's just £66,796 excluding the 3% legal notary fees, land registry fees, solicitors fees & 7% Spanish tax (IVA). Contrary to what you may expect, 99% of repossessions are ready to move in and enjoy straight away, and this property is no exception. Other properties exactly the same are selling for 129,00euros upwards, so this indeed is a genuine bargain ! The property..... is 74sqm build 2 bedroom 2 bathroom second floor apartment with two balconies, one from the master bedroom and the other from the living room, each with fantastic views. The apartment is pre installed for air conditioned, and benefits from a roof top communal pool and sun terrace area within the community. The property has the following distribution: Entrance hallway, lounge/dining area leading to a balcony. Independent fully fitted kitchen, master bedroom with full en-suite bathroom, second bedroom and main bathroom with shower tray. Both bedrooms have fitted wardrobes. The property is double glazed, and benefits from a video entry phone system, under ground parking and fantastic views. The Location..... Formentera del Segura is a very popular location for people of all ages and young families, situated just 15 minutes from the town of Torrevieja and only 10 minutes drive from the beautiful blue flag beaches at Guardamar. The property is conveniently located close to two challenging 18 hole golf courses, one being less than 5 minutes drive away. Facilities are in abundance here with many shops, bars, restaurants to enjoy all within easy walking distance. The property offers excellent rental potential for those looking to gain an extra income and can easily be reached from Alicante airport in 35 minutes or San Javier International airport in 30 minutes The Price..... the base price of this property is only 84,995euros excluding your 7% taxes and 3% closing costs
The breakdown of costs.....
Property base price 84,995euros
IVA (Spanish property tax applied to all property sales) 5,950euros
Legal fees, notary fees, land registry fees, mortgage set up fees 3,565euros
Total fully inclusive cost of this property for a cash purchase is 94,510euros which is around £73,476 Additional yearly costs.....
Community fees of 220euros
IBI or Suma (Same as UK Council tax) of 200euros Mortgage Facilities..... Sure, no problem on this property we can arrange a mortgage of 70,000euros if needed, but you do need to be able to pay the 10% deposit in order to remove the property from sale, the property can not be held with a lesser deposit.
Additional information..... Repossessions are absolutely non negotiable in price as they are already way under market value. To proceed a 10% deposit is needed and the sale completing within 30 days- that's an easy timescale to work on, so don“t worry about that !
A very Important point to know is that this property is sold entirely FREE of all Debts, should there be any, so you can be confident that you really are getting a bargain. Please don“t believe all the hype, properties are still selling in Spain don“t be fooled into thinking this will be around in weeks or months to come- quite simply, it won“t be, and if you are seriously interested then urgency is needed to secure this property.
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