Full Description

This property is a BANK REPOSSESSION hence the bargain price of ONLY 116,995uros, that's just £91,402 excluding the 3% legal notary fees, land registry fees, solicitors fees & 7% Spanish tax (IVA). Contrary to what you may expect, 99% of repossessions are ready to move in and enjoy straight away, and this property is no exception. Other properties exactly the same are selling for 167,00euros upwards, so this indeed is a genuine bargain !

The property..... is 96sqm build 2 bedroom 1.5 bathroom duplex townhouse with a private solarium. The property benefits from a fantastic communal pool and sun terrace area set within the private gated secure community. The property has the following distribution: Entrance hallway, lounge/dining area leading to balcony. Independent fully fitted kitchen, and cloakroom toilet. Upstairs there is the master bedroom with balcony, second bedroom and main bathroom. Both bedrooms have fitted wardrobes. There is a third level accessed by the internal staircase which takes you to the private roof solarium. The property has many of the traditional features throughout including feature wooden windows with shutters, detailed wooden internal doors. This property is in excellent decorative order and has been well cared for prior to it becoming a repossession. The property also has a private individual garage included in the price. 

The Location..... The townhouse is set within a charming development on Spain´s Costa Blanca where you can feel the genuine essence of Mediterranean architecture, all located minutes from the Blue Flag Los Locos beach. Costa Blanca is one of the most beautiful parts of Spain for families or anyone to visit all year round, with its exceptional climate & spectacular scenery, magnificent sports, leisure, cultural lineup & an extensive culinary palette, Torrevieja & its nearby tourist villages are considered one of the most attractive spots on the Mediterranean coast. The townhouse is located near to restaurants, bars & supermarkets. Just a 15-minute scenic walk along the coast to the lively town of Torrevieja where you will be greeted with local Spanish street markets, a picturesque marina & harbour, a spacious new promenade & buzzing night life. Alternatively, you can choose to take the convenient regular public buses from Los Locos beach to Torrevieja or nearby wide sandy Blue Flag La Mata beach. Wide varieties of restaurants from different countries can be found around the town of Torrevieja to satisfy your pallet. Friday hosts one of the largest weekly Spanish local markets, it is well worth a visit for great local bargains, fresh food and an exciting atmosphere. The property is conveniently located with easy access to challenging 18 hole golf courses, and many other 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 25 minutes or San Javier International airport in 30 minutes

The Price..... The base price of this property is only 116,995euros excluding your 7% taxes and 3% closing costs
 
The breakdown of costs.....
Property base price 116,995euros
IVA (Spanish property tax applied to all property sales) 8,189euros
Legal fees, notary fees, land registry fees, mortgage set up fees 3,509euros
Total fully inclusive cost of this property for a cash purchase is 128,693euros which is around £100,752

Additional yearly costs.....
Community fees of 220euros
IBI or Suma (Same as UK Council tax) of 200euros

Mortgage Facilities..... Sure, no problem on this property we can arrange a mortgage of 90,000euros if needed, but you do need to be able to pay the 10% deposit in order to remove the property from sale whilst the mortgage is set up. The property can not be held with a lesser deposit.
 
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 ! 

All our Bank Repossessions are sold FREE of all Debts, should there be any, so you can be confident that you really are getting a bargain.

As you will know already when it comes to repossessions, the good ones get snapped up instantly,and this is a good one ! For a 2 bed 1.5 bath townhouse property so close to the beach, 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.