Menu Search
Mallorca, 07311, Spain
Property features
Email AgentEmail Agent
  • 2 bedrooms
  • 80 m²
Property description
Life-annuity Apartment for Sale Son Espanyolet/Palma...
Life-annuity Apartment for Sale Son Espanyolet/Palma. Apartment sold on an occupied life-annuity formula basis (French "viager") in Son Espanyolet, quiet and very sought-after district of Palma. The apartment has 2 bedrooms, 1 full bathroom and a total area of 80 m2 including a 15 m2 terrace. Additional Features: Air conditioning, south orientation, view over the tennis club. 2nd floor (no lift) - Low community fees: 40 euros /mes Transaction: The transaction is established as follows: - Initial settlement (bouquet): 200,000 euros,   paid by the buyer cash at the time of sale* - Life Monthly Annuity: 400 euros / month, until seller's death and up to a maximum of 150,000 euros. The seller commits to maintain the property in good conditions, but the buyer is responsible for the important renovation works. *Like any deed of sale, the life annuity is subject to rules and is validated by a notarial deed. The notary will take out a sort of mortgage known as a "seller's privilege" over the property sold to enable the seller to reclaim the property if the buyer fails to pay the annuity. This transaction allows you to acquire a real estate at a lower cost in a prominent area of Palma. Please, don't hesitate to contact us for more information on this property. About the Area: Son Espanyolet is a quiet and charming Palma neighbourhood next to popular Santa Catalina district and near the capital's historic center. In Espanyolet, one will find a high quality of life with all amenities (even the beach) within walking distance, while living in a peaceful area, away from the busy city core. Find also this property on Idealista , Piso.com and ImmoWelt. See other listings from same agent here...
Mallorca, 07311, Spain, Mallorca, Spain
More Properties From This Agent
Other Results From Your Search
People who viewed this item also viewed
Scroll To Top