Flat for sale in Palencia city, Palencia

Are you looking for a unique investment opportunity in Palencia?

This property is offered exclusively as bare ownership, an ideal arrangement for investors seeking long-term returns through a secure investment with significant appreciation potential.

Property information:
- Location: Palencia.
- Property type: Apartment.
- Area: 77 m².
- Age: Property built in 1979.
- Condition: The property is in good condition.
- Other notable features:
Building with an access ramp, ideal for people with reduced mobility.
Elevator, providing convenience and added value to the property.

About the area:

Located on Santiago de Chile Street, in an established, well-connected area of Palencia, ideal both for everyday living and for future property appreciation.

- Quiet residential surroundings, with well-maintained buildings and services just a few minutes’ walk away.

- Transport: Good connections via urban public transport and easy access to the city’s main roads.

- Nearby services: Supermarkets, local shops, medical centers, pharmacies, and banks.

- Leisure and recreation: Nearby green spaces, parks, bars, and restaurants, perfect for enjoying everyday life in a comfortable and practical environment.

An investment with social impact

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

Once the usufruct ends, the buyer will acquire full ownership of the property, consolidating a real estate asset in an area with high residential demand.

Financial terms:

- Price: €54,715.

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

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