¥ 1,891,485
(225,000 €)
1 bedroom apartment, 77 m² Milan, Milan (province)
Description
Piazzale Brescia, Via Ricciarelli -
with EXCLUSIVE MANDATE, FOR INVESTMENT SALE the BARE OWNERSHIP of a TWO-ROOM apartment of 77 sq. m., consisting of entrance hall, living room with balcony, bathroom, habitable kitchen, bedroom, storage room, attic and parking space in the internal courtyard.
The small condominium has recently been the subject of building renovation aimed at improving energy consumption, achieving Energy Class B for this purpose.
WHAT DOES BARE OWNERSHIP SALE MEAN? The ownership of a house is composed of two distinct rights: 1) Usufruct, right to live in the property 2) Bare ownership, right to become full owner in the future, when the usufruct expires.
By purchasing the Bare Ownership through a Notarial Deed, the seller retains the right to live in the property, the buyer becomes the owner "on paper", meaning that they will not be able to live in the property until the seller passes away.
In this sale, the value of the bare ownership (equivalent to the age of the seller, according to a specific table) is 80% of the value of the property, the value of the usufruct by subtraction 20% value property therefore, evaluating the value of the property on the free market (apartment, attic and parking space) at € 290,000, the value of the bare ownership is € 232,000 and the value of the usufruct is € 58,000. Upon the departure of the usufructuary, the full ownership of the property will reunite in the person of the bare owner without paying anything extra.
For further information, details and property visit, Mr. Danilo De Angelis.
with EXCLUSIVE MANDATE, FOR INVESTMENT SALE the BARE OWNERSHIP of a TWO-ROOM apartment of 77 sq. m., consisting of entrance hall, living room with balcony, bathroom, habitable kitchen, bedroom, storage room, attic and parking space in the internal courtyard.
The small condominium has recently been the subject of building renovation aimed at improving energy consumption, achieving Energy Class B for this purpose.
WHAT DOES BARE OWNERSHIP SALE MEAN? The ownership of a house is composed of two distinct rights: 1) Usufruct, right to live in the property 2) Bare ownership, right to become full owner in the future, when the usufruct expires.
By purchasing the Bare Ownership through a Notarial Deed, the seller retains the right to live in the property, the buyer becomes the owner "on paper", meaning that they will not be able to live in the property until the seller passes away.
In this sale, the value of the bare ownership (equivalent to the age of the seller, according to a specific table) is 80% of the value of the property, the value of the usufruct by subtraction 20% value property therefore, evaluating the value of the property on the free market (apartment, attic and parking space) at € 290,000, the value of the bare ownership is € 232,000 and the value of the usufruct is € 58,000. Upon the departure of the usufructuary, the full ownership of the property will reunite in the person of the bare owner without paying anything extra.
For further information, details and property visit, Mr. Danilo De Angelis.
This text has been automatically translated.
Details
- Property Type
- Apartment
- Condition
- Completely restored/Habitable
- Living area
- 77 m²
- Bedrooms
- 1
- Bathrooms
- 1
- Energy Efficiency Rating
- 91,17 kwh_m2
- Reference
- 1633-24408
Distance from:
Distances are calculated in a straight line
Information about Milan
- Elevation
- 122 m a.s.l.
- Total area
- 181.68 km²
- Landform
- Flatland
- Population
- 1374582
Map
The property is located within the highlighted Municipality.
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