INVESTMENT OPPORTUNITY!
The bare ownership of this fantastic duplex apartment is for sale in Calle Robert Graves, Palma (Illes Balears).
The current owner, a 69-year-old man, will retain the right to use and enjoy the property for life. The property has a market value of €195.000 and a 50% discount is applied on that value.
What does this imply?

FORMALIZATION COSTS: Paid in full by the buyer.
The expenses generated in the sale (Property Transfer Tax, notary and registry). With the exception of the Municipal Capital Gains Tax, which will be paid by the seller.

MAINTENANCE EXPENSES: Once the operation is formalized before a notary, the housing expenses will be distributed as follows:
1. The Real Estate Tax (IBI), extraordinary spills and maintenance insurance will be assumed by THE PURCHASING PARTY.
2. The ordinary community fee, contents insurance, urban waste rate and supplies (electricity, water, etc.); individualized or not, will be assumed by THE SELLING PARTY.

Property Description:
Ground floor duplex of 60 m² built, located on Robert Graves street, in a residential area of ​​Palma (Illes Balears), well connected and with nearby services.

This is a duplex apartment, distributed over two levels, with one bedroom, one bathroom, a living room, and a kitchen, offering a functional and well-utilized space. The property comes from a former commercial space that has been converted into a residence.

The property is currently rented, a return that the usufructuary will maintain.

Important: It does not have a certificate of occupancy.

Located in an area with shops, public transport, services and good connection to the center of Palma and coastal areas, this property is ideal as an investment in an area with constant demand.

THE PROFESSIONAL FEES ARE €6.000 PLUS VAT AND ARE NOT INCLUDED IN THE SALE PRICE.