Apartment for sale in Arrecife, Lanzarote

Spacious VPO apartment for sale in Arrecife – Ideal for families
First-floor apartment located in a central area of Arrecife, with all services nearby: schools, supermarkets, courts, bus stops and excellent connection to the rest of the island.
Main features
•105 m² built, distributed in:
•4 exterior bedrooms, all with windows
•2 bathrooms (one currently used as a storage room)
•Independent kitchen, ventilated and facing a patio
•Very spacious living room, with enclosed and integrated terrace
•Storage room in the basement of approximately 20 m², ideal for storage
The apartment needs some updates and renovations, but it is habitable and can be improved gradually as needed. The building is inhabited by quiet, long-term residents.
Official protection housing (VPO) – Purchase conditions
Important: This property is classified as official protection housing, so the buyer must meet the requirements established by the regional regulations:
•Neither the buyer nor their spouse may own another property.
•Be registered in the public registry of applicants for protected housing in the Canary Islands.
•Not exceed 2.5 times the IPREM in the weighted income of the family unit.
A great opportunity as a habitual residence (if the VPO regulations are met).