Sale of apartment in Calle Concepción Arenal, Elche / Elx

This property is located in a residential area within a vibrant municipality. It has been acquired through a legal process by the seller, who has not yet taken possession of the premises. The current condition of the property, along with its occupancy status and utility supply situation, remains unknown to the seller. The property will be transferred under the following conditions: (i) as is and for a fixed price, (ii) as a whole and inseparable unit, (iii) in its current legal and cadastral state, (iv) in its physical condition without any guarantees regarding quality, legal, urban planning, licensing, protection, maintenance, and cleanliness, and (v) fully compliant with any outstanding expenses and taxes applicable by law, without any utilities or services provided.

The buyer will assume responsibility for: (i) the physical condition and maintenance of the property, (ii) the urban planning situation, (iii) any discrepancies between the physical reality and the recorded legal or cadastral information, (iv) the rectification of these records, and (v) the procedures necessary to obtain judicial possession of the property.

The seller will not be liable for: (i) the state of conservation, (ii) any apparent defects, (iii) the rectification of legal or cadastral records, (iv) discrepancies related to the area of the property that may exist, (v) any responsibility for obtaining the habitation certificate unless it is mandatory in the relevant autonomous community, and (vi) any costs, fees, or taxes arising from these conditions.

The property’s occupancy status and any restrictions on access could hinder: (i) an official appraisal according to regulatory requirements, meaning the property could not be mortgaged while occupiable conditions remain, and as a result, alternative guarantees would be necessary for financing, and (ii) the owner obtaining an energy efficiency certificate.

The sale price of this property reflects these circumstances, resulting in a diminished value that must be explicitly acknowledged by the buyer at the time of the transaction. It is strongly recommended for the buyer to seek professional legal advice before proceeding with the purchase decision.