Flat for sale in Laredo, Cantabria

Are you looking for a unique investment opportunity in Laredo (Cantabria)?

Property offered as a bare ownership sale with temporary income for 5 years and a life usufruct.

Financial terms:
-Initial payment: €50,000.
-Temporary income (60 months): €750/month.
-Total payment: €95,000.

Property information:
-Location: Calle San Martín, Laredo (Cantabria).
-Property type: Apartment.
-Year built: 1968.

About the area:

-The property is located on Calle San Martín, in the historic Puebla Vieja district of Laredo. Its location lets you enjoy both the town’s historic character and its privileged coastal surroundings. Nearby landmarks include the medieval city walls and the Church of Santa María de la Asunción.

-Laredo is one of the main towns on the eastern coast of Cantabria. It is known for its maritime setting and Playa de La Salvé, which stretches for more than 4 kilometres and features a seafront promenade.

-Transport: Good road connections via the A-8 and N-634. Laredo also has a bus station and an urban bus service connecting the town’s different areas with the centre. Santander is about 48 km away and Bilbao about 50 km away.

-Nearby services: The area has shops, food stores, pharmacies and healthcare services. The Laredo Health Centre is nearby, along with supermarkets and local shops.

-Leisure and recreation: Its location makes it easy to enjoy Laredo’s dining and shopping options, historic heritage, and natural and coastal areas. The town has Playa de La Salvé, a marina, sports facilities and various leisure areas.

An investment with a social impact

With this investment, the current owner, a 72-year-old man, will retain the life usufruct of the property, ensuring his peace of mind and well-being.

When the usufruct ends, the buyer will obtain full ownership of the property, a real estate asset located in a coastal town in Cantabria with residential and tourism appeal.

Associated expenses:
-Paid by the owner:
-Property tax (IBI).
-Special community fees (if applicable).
-Building insurance.

Paid by the usufructuary:
-Regular community fees.
-Municipal waste charges.
-Utilities.
-Contents insurance.