Flat for sale in Ibiza / Eivissa town, Ibiza

No interior photos available and viewing is not possible; visits are only from the outside.

Ground floor apartment for sale in Sa Peña at a very good price, a great investment opportunity.

Currently occupied since 2022 without legal title. No rent has been paid, and the occupants are not the owners.

Property expenses: there is no homeowners' association. Property tax (IBI) and garbage collection fees are not billed individually for this property because, currently, there is only one cadastral reference, and these bills are being paid by the owner of the upstairs apartment. This situation will need to be rectified, along with the individualization of the utilities.

Water and electricity: the property has both utilities and they are currently functioning. This situation dates back several years: the owner of the upstairs apartment has kept the water and electricity accounts for all three properties in her name because the previous owner did not have a Spanish bank account. After the sale, these accounts will need to be separated and individualized.

Possible rental or compensation for the occupants: we do not know what amount they would be willing to pay in rent or what amount they would accept to voluntarily vacate the property, as negotiations have not yet started.

The property is being purchased as an investment, and then negotiations will take place with the occupants regarding their departure or rental. The purchase is made without being able to enter or see the interior.

The apartment has 2 bedrooms, 1 bathroom, a living room, and a kitchen.

It is located in one of the most sought-after areas of Ibiza Town, just a few meters from the Dalt Vila city walls and the port of Ibiza. It is a very good investment opportunity, for rental or as a residence. It needs renovation. Ideal for investors.

For more information, visits can be arranged to view the property from the outside only.