Sale of apartment in Calle Esmeralda, Orihuela

This is an exceptional opportunity to invest in a charming upper-floor apartment located in a desirable coastal area. The property has a market value of 123,000 euros, but it is available for purchase at a discounted price of 69,050 euros, which includes the buyer's commission. This offering utilizes the concept of "bare ownership," which allows you to acquire property while the current owner maintains her right to live in and enjoy the space for the duration of her life or a predetermined fixed period.

Here's how this unique arrangement works: when you purchase the bare ownership, you buy a share in the property at a reduced price compared to its market value. This creates two distinct ownership rights: the usufruct, which is held by the seller, enabling her to occupy and use the property for her lifetime or until the set period concludes; and the bare ownership, which grants you ownership of the property itself, minus the right to occupy it until the usufruct period ends. Upon the expiration of the usufruct, full ownership rights, including occupation, will transfer to you. This structure allows for investment in the property's future value at a lower initial cost while ensuring the seller can continue to use the home she cherishes.

The apartment features two spacious bedrooms and one bathroom, situated within a gated community that includes access to a communal pool. As a top-floor unit, it boasts stunning sea views and includes a front terrace or balcony. The generous living room flows into a gallery-style kitchen complete with a separate utility area at the rear. The two large bedrooms come equipped with built-in wardrobes, complemented by a sizable bathroom featuring a bathtub. Additionally, a private rooftop solarium offers the perfect space for sunbathing or simply taking in the breathtaking views.

With a construction area of 69 square meters and a plot size of 80 square meters, this property represents a fantastic opportunity to enter the real estate market or make a medium-term investment. Both the buyer and seller will be safeguarded by robust contracts and agreements that are formalized and notarized, ensuring a secure transaction under Spanish property law.