Flat for sale in Barranco Hondo, Candelaria, Tenerife

Attention investors!

We present an excellent opportunity to acquire the bare ownership of an impeccable property in one of the most sought-after areas. The current owner, a 72-year-old, will retain the lifetime usufruct, allowing you to purchase this home at a significantly lower price than the market value.

Light, space, and comfort: this apartment stands out for its excellent layout and enviable brightness in all its rooms:

Living-Dining Room: A spacious and cozy area, flooded with natural light thanks to its large windows.

Private Terrace: The heart of the home. An ideal outdoor space to enjoy the climate, with enough room for a table and chairs.

Master Bedroom: Independent, quiet, and with space for a built-in wardrobe.

Kitchen: Fully equipped and optimized to make the most of every corner.

Full Bathroom: Functional and in perfect condition.

Parking Space and Storage Room: Included in the price in the same building, a fundamental added value in the area.

Investment Details
Market Value: €192,000

Sale Price (Bare Ownership): €144,000

Usufructuary Profile: 72-year-old man.

Expenses: The buyer (bare owner) will be responsible for extraordinary expenses, community fees, and IBI, while the usufructuary will cover utility costs.

Note for the buyer: This transaction will be formalized before a notary with all legal guarantees for both parties.

The price of the property is determined based on the following objective parameters: surface area, type, condition, location, and market conditions at the time of contracting. Considering that the sale is for the Bare Ownership.

The sale price will be subject to legally required taxes according to the applicable tax rate at the time of accrual in the Autonomous Community of the Canary Islands, currently the Property Transfer Tax (ITP) (6.5%).

Real estate management fees: To be borne by the seller.

All notarial, registration, tax, and other expenses associated with the sale will be assumed by the buyer, except for the municipal capital gains tax, which will be the responsibility of the property owner, in accordance with current regulations in the Canary Islands.