Flat for sale in Santiago de Compostela, A Coruña

Discover a unique investment opportunity in Santiago de Compostela.

This property is offered for sale under a freehold sale arrangement with life-long rental.

Economic terms:
- Sale price: 640.000 €.
- Rental income to be received: 1.760 €/month.

Property details:
- Location: Rúa Frei Rosendo Salvado, Santiago de Compostela.
- Size: 188 m².
- Condition: The home is in good condition.
- Age: 1977.
- Other standout features: Large covered terrace, utility room/laundry area, and a parking space.

About the area:

- Located on Rúa Frei Rosendo Salvado, very close to the Ensanche district and the Campus Sur, this is a consolidated area that is well connected and highly sought after, combining residential tranquility with proximity to the historic center and the main commercial and service areas of Santiago de Compostela.

- Transportation: Excellent connections via urban bus lines and quick access to the main roads for entering and leaving the city. The intermodal train and bus station is just a few minutes away.

- Nearby amenities: Supermarkets, pharmacies, health centers, schools, institutes, the University of Santiago de Compostela, banking entities, gyms, and a wide range of retail options are within easy reach.

- Leisure and recreation: Very close to Parque de la Alameda, one of the city’s most emblematic green areas, as well as a varied selection of restaurants, cafés, shops, and the cultural and heritage wealth of the historic quarter, declared a World Heritage Site.

An investment with social impact:
With this investment, the current owners—a 75-year-old woman and an 85-year-old man—will sell their home and continue living in it, as life-long tenants, ensuring their peace of mind and well-being.

At the same time, the buyer will receive the agreed rental amount each month, with the certainty of having as tenants the people who have been residing in and caring for the property for years. Upon completion of the life-long rental, the buyer will be able to take possession of the property, an asset with a high revaluation potential in one of the cities with the greatest stability and residential demand in Galicia.

Associated costs:
Paid by the owner:
- IBI (Property Tax).
- Homeowners’ association fees.
- Waste fee.
- Buildings insurance.

Paid by the tenant:
- Monthly rent.
- Utilities.
- Contents insurance for the property.