4-Room Apartment with Terrace and Garage, Milady District in Biarritz - Bare Ownership

Property Description

In the Milady district, discover this 87 sq m (936 sq ft) 3-bedroom apartment, located on the raised ground floor, boasting a lovely 20 sq m (215 sq ft) terrace with unobstructed views and a beautiful southern exposure.

It comprises an entrance hall with a built-in wardrobe, a separate kitchen and a living room, both opening onto the terrace, and a hallway leading to three bedrooms, a shower room, and a separate WC.

This property also includes a 29 sq m (312 sq ft) garage and an adjoining 6 sq m (65 sq ft) laundry room.

- Tree-lined setting in a very quiet residence
- Garage and apartment connected by a shared access door
- 5-minute walk to Milady beach and the shops of Beaurivage

Apartment sold as bare ownership with a down payment of €430,000 (including agency fees), calculated on a market value of €590,000 (including agency fees). The couple, the woman aged 82 and the man aged 83, retain the usufruct.
Notary fees will only be due on the initial lump sum payment. The buyer of the bare ownership does not pay any property-related expenses or property tax, which are the responsibility of the usufructuaries.
Perfect for individual investors or those investing through a real estate investment trust (REIT).

The purchase of the apartment is not included in the calculation of the bare owner's taxable income, and therefore they owe nothing in terms of income tax or wealth tax (IFI).

Viewings available through Sélection Océan agency.
Condominium of 18 units (No ongoing legal proceedings).

Annual charges: €1,440.00.