Life-annuity Apartment for Sale Son Espanyolet/Palma Son Espanyolet, Palma

€ 350.000
Property type: Apartment
Property Reference ID: 6209
Area (M 2)
80
Bedrooms
2
Bathrooms
1

The space

  • Year Built: 1975

Amenities

  • Air Conditioning
  • Terrace

Description

Life-annuity Apartment for Sale Son Espanyolet/Palma.

Apartment sold on an occupied life-annuity formula basis (French “viager”) in Son Espanyolet, quiet and very sought-after district of Palma.

The apartment has 2 bedrooms, 1 full bathroom and a total area of 80 m2 including a 15 m2 terrace.

Additional Features:

Air conditioning, south orientation, view over the tennis club.

2nd floor (no lift) – Low community fees: 40 euros /mes

Transaction:

The transaction is established as follows:

Initial settlement (bouquet): 200,000 euros,   paid by the buyer cash at the time of sale*

Life Monthly Annuity: 400 euros / month, until seller’s death and up to a maximum of 150,000 euros.

The seller commits to maintain the property in good conditions, but the buyer is responsible for the important renovation works.

*Like any deed of sale, the life annuity is subject to rules and is validated by a notarial deed. The notary will take out a sort of mortgage known as a “seller’s privilege” over the property sold to enable the seller to reclaim the property if the buyer fails to pay the annuity.

This transaction allows you to acquire a real estate at a lower cost in a prominent area of Palma. Please, don’t hesitate to contact us for more information on this property.

About the Area:

Son Espanyolet is a quiet and charming Palma neighbourhood next to popular Santa Catalina district and near the capital’s historic center.

In Espanyolet, one will find a high quality of life with all amenities (even the beach) within walking distance, while living in a peaceful area, away from the busy city core.

Find also this property on Idealista , Piso.com and ImmoWelt.

See other listings from same agent here…

Contact the Agent






Life-annuity Apartment for Sale Son Espanyolet/Palma

Son Espanyolet, Palma

Property type: Apartment

Property Reference ID: 6209

icon1

Area (M 2)

80

icon2

Bedrooms

2

icon3

Bathroom

1

Land Size:

-

Amenities

  • Air Conditioning
  • Terrace
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