Full Description

This property is a BANK REPOSSESSION hence the bargain price of ONLY 111,000uros, that's just £88,095 excluding the 3% legal notary fees, land registry fees, solicitors fees & 7% Spanish tax (IVA). On the market 50,000euros under current market value, with others the very same selling for 155,000euros upwards. Contrary to what you may expect, 99% of repossessions are ready to move in and enjoy straight away, this property could do with a fresh coat of paint and a good clean both internally and externally and this has been reflected in the bargain price.

The property..... is a large 105sqm build 3 bedroom 3 bathroom townhouse fully air conditioned and includes a private garage, and communal pool, set within a secure gated residential development. There is a communal pool and sun terrace area within the community.

The property has the following distribution: Ground Floor comprises of lounge/dining area with air conditioning and fireplace, staircase to first floor, Independent fully fitted kitchen, utility room and toilet & shower room, First Floor has two spacious bedrooms each with fitted wardrobes, and one of the bedrooms has a balcony to the front of the property, there is also a store cupboard on the landing and the main bathroom, The Second Floor has a very generous sized master bedroom and an en-suite shower room, plus a door leading onto the balcony at the rear of the property.  Other benefits include, all three bedrooms and the living room are air conditioned, and the entire property has already been fitted with security window and door grills. The is an independent garage included in the sale price, and the community benefits for a communal swimming pool with sun terrace and private gated access into the development restricts unwanted traffic or people gaining access.

The Location..... Playa Flamenca is a very popular location for people of all ages and young families, situated just 10 minutes from the town of San Miguel de Salinas and only 15 minutes walk from beautiful blue flag beaches Playa Flamenca. The property is conveniently located close to three challenging 18 hole golf courses, less than five minutes drive away. Facilities are in abundance here with many shops, bars, restaurants to enjoy all within easy walking distance. The property offers excellent rental potential for those looking to gain an extra income and can easily be reached from Alicante airport in 30 minutes or San Javier International airport in 20 minutes

The Price..... This property is only 111,000euros excluding your 7% taxes and 3% closing costs
The total fully inclusive cost of this property including all charges and taxes is just 122,100euros which is around £96,904 
 
The breakdown of costs.....? 
Property base price 111,000euros
IVA (Spanish property tax applied to all property sales) 7,770euros
Legal fees, notary fees, land registry fees,  3,330euros
Total fully inclusive cost of this property 122,100euros which is around £96,904

Additional yearly costs.....?
Community fees of 280euros
IBI or Suma (Same as UK Council tax) of 200euros

Mortgage Facilities..... Sure, no problem on this property we can arrange a mortgage of 100,000euros if needed, so you need a minimum of 27,594euros, around £21,000 to proceed. Over 25 years this will cost you 545euros per calendar month This quote is based on an interest rate of 5.2% and borrowed amount of 100,000euros over 25 years.
 
Additional information..... Repossessions are absolutely non negotiable in price as they are already way under market value. To proceed a 10% deposit is needed and the sale completing within 30 days- that's an easy timescale to work on, so don´t worry about that !  

If you think this is something you may wish to proceed with, contact us immediately. For a 3 bed 3 bath Townhouse, this is a totally absurd giveaway price......!!  Please don´t believe all the hype, properties are still selling in Spain don´t be fooled into thinking this will be around in weeks or months to come- quite simply, it. won´t be, and if you are seriously interested then urgency is needed to secure this property.