Flat for sale in Palencia city, Palencia

Are you looking for a unique investment opportunity in Palencia?

This home is offered under a bare ownership (nuda propiedad) arrangement, an ideal formula for investors seeking long-term profitability with a secure investment and significant potential for appreciation.

Property information:
- Location: Palencia.
- Type of property: Apartment.
- Size: 77 m².
- Age: Home built in 1979.
- Condition: The home is in good condition.
- Other standout features:
- A building with a access ramp, ideal for people with reduced mobility.
- Elevator, adding comfort and added value to the property.

About the area:

Located on Santiago de Chile street, in a consolidated and well-connected area of Palencia, ideal for both day-to-day living and a future appreciation of the property.

- Quiet residential surroundings, with well-maintained buildings and services just a few minutes’ walk away.
- Transport: Good connections via public transport and easy access to the city’s main roads.
- Nearby services: Supermarkets, local shops, medical centers, pharmacies, and banking institutions.
- Leisure and recreation: Nearby green areas, parks, bars, and restaurants—perfect for enjoying everyday life in a comfortable and functional setting.

An investment with social impact

With this investment, the current owner, a 75-year-old man, will retain the lifetime usufruct of the home, ensuring his peace of mind and well-being.

At the end of the usufruct, the buyer will obtain full ownership of the property, consolidating a real estate asset in an area with high residential demand.

Economic conditions:
- Price: 54.715 €.

Associated costs:
- Paid by the owner:
- IBI (property tax).
- Extraordinary community fees (if applicable).
- Building insurance.

- Paid by the usufruct holder:
- Ordinary community fees.
- Municipal waste fees.
- Utilities.
- Home contents insurance.