Flat for sale in Algorta, Getxo, Vizcaya

Are you looking for a unique investment opportunity in Getxo?

Property offered as a bare ownership sale, with temporary rental payments for 18 years and 7 months and a lifetime usufruct.

Financial terms:
-Initial payment: €150,000.
-Temporary rent (225 months): €2,000/month.
-Total payment: €600,000.

Property details:
-Location: Calle Obispo Echeandía, Getxo.
-Area: 231 m².
-Condition: The property is in good condition.
-Year built: 1976.
-Property type: apartment.
-Other notable features: spacious, exterior-facing home with 5 bedrooms and 4 bathrooms, elevator, central heating, terrace, and balcony.

About the area:

-Located in Algorta, Getxo, in an established residential area close to the Old Port and the coast. The area combines Getxo’s residential character with a wide range of services, shops, restaurants, and leisure spaces.

-Transport: The area has access to the Bilbao Metro via Algorta station on Line 1, providing convenient connections to Bilbao and other municipalities in the metropolitan area.

-Nearby services: The area around Calle Obispo Echeandía offers shops and everyday services, as well as facilities such as Muxikebarri, San Nikolas Library, and Andrés Isasi Music School. Algorta Market is also nearby.

-Leisure and recreation: The location offers easy access to Getxo’s coastal surroundings, with promenades, viewpoints, restaurants, and spaces near the Old Port. Cultural and sports facilities are also close by.

An investment with a social impact

With this investment, the current owner, a 65-year-old woman, will retain lifetime usufruct of the property, ensuring her peace of mind and well-being.

Once the usufruct ends, the buyer will obtain full ownership of the property, an asset with strong potential for appreciation in this area.

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

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