Flat for sale in Mahón / Maó, Menorca

Are you looking for a unique investment opportunity in Maó/Mahón, Menorca?

This property is located on Calle Sant Manuel and is being sold as bare ownership, with a temporary income stream for 8 years and 3 months and a life usufruct.

Financial terms:
-Initial payment: €60,359.
-Temporary income (100 months): €900/month.
-Total payment: €150,359.

Property information:
-Location: Calle Sant Manuel, Maó/Mahón
-Area: 78 m².
-Property type: Apartment.
-Layout: 3 bedrooms and 1 bathroom.
-Condition: The property is in good condition.
-Year built: 1975.
-Other notable features: exterior-facing property with an elevator, balcony, heating and air conditioning.

About the area:

-The property is located on Carrer de Sant Manuel, within the urban area of Maó/Mahón, in a residential neighbourhood with numerous everyday amenities nearby. The street connects to roads such as Camí des Castell, Carrer de Santa Eulàlia and Carrer de San Fernando.

-Transport: The area has a bus stop on Camí des Castell and taxi services on Calle Sant Manuel, making it easy to get around Maó and the surrounding area.

-Nearby amenities: There is a pharmacy on Calle Sant Manuel, as well as nearby supermarkets and food shops, along with schools such as Col·legi Cor de Maria and Escola Infantil Cap de Creus.

-Leisure and urban life: Nearby, there are restaurants, cafés, sports facilities and cultural venues such as Orfeó Maonès. The area offers convenient access to the amenities and activities of Maó’s urban centre.

An investment with a social impact

With this investment, the current owner, a 69-year-old man, will retain the life 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, a real estate asset located in Maó/Mahón, Menorca’s main urban centre.

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

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