Flat for sale in Santiago de Compostela, A Coruña

Are you looking for a unique investment opportunity in Santiago de Compostela?

This property is offered exclusively under a free-market sale with a lifetime leaseback.

Financial terms:
- Sale price: €600,000.
- Rental income to be received: €1,760/month.

Property information:
- Location: Rúa Frei Rosendo Salvado, Santiago de Compostela.
- Area: 188 m².
- Condition: The property is in good condition.
- Year built: 1977.
- Other notable features: Large covered terrace, utility room and parking space.

About the area:

- Located on Rúa Frei Rosendo Salvado, very close to the Ensanche district of Santiago and the South Campus, this is an established, well-connected and highly sought-after area that combines residential tranquillity with proximity to the historic centre and Santiago de Compostela’s main shopping and service areas.

- Transport: Excellent connections via urban bus routes and quick access to the city’s main entrance and exit roads. The intermodal train and bus station is just a few minutes away.

- Nearby services: Supermarkets, pharmacies, health centres, schools, secondary schools, the University of Santiago de Compostela, banks, gyms and a wide range of shops are all within a short distance.

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

An investment with social impact

Through this investment, the current owners, a 75-year-old woman and an 85-year-old man, will sell their home and continue living there as lifetime tenants, ensuring their peace of mind and well-being.

At the same time, the buyer will receive the agreed rent amount every month, with the security of having as tenants the people who have lived in and cared for the property for years. When the lifetime lease ends, the buyer will be able to take possession of the property, an asset with significant appreciation potential in one of Galicia’s cities with the greatest residential stability and demand.

Associated costs

Paid by the owner:
- Property tax.
- Homeowners’ association fees.
- Waste collection tax.
- Building insurance.

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