Option No Longer Available – Property rented long term to tenants
Opportunity to Try Before You Buy
Rent to Buy Sotogrande Marina
An opportunity to rent to buy this 2 bed 2 bath property with outstanding views in Sotogrande Marina. Located in Ribera del Pez Luna it is close to all amenities. Everything is within walking distance, but the property is also sold with a storage room and parking spot in the underground parking area beneath the building.
If you are currently saving hard to buy your own home and have enough for a deposit but not for all the other expenses, this could be for you. Apartment for sale at 295,000€. You pay 29,500€ now, plus 1,200€ a month.
How Does this Work?
You would rent this property for 1,200€ per month and when you buy the property you do so at a cheaper title deed price. The amount you pay in rent is taken off the price you pay at Notary. This means that the property tax you have to pay is less. You safeguard your interest in the property by making a 10% down payment on the purchase price. The length of time you rent the apartment prior to purchase is something you and the landlord would agree on. This is usually around a year or even 18 months.
At present, this apartment is used for short term lets and forms part of the owner’s business portfolio. If you would be interested in buying it outright you can of course do so.