Flat For sale LANZAROTE 5, Centro Ciudad, Fuengirola

• 3 Rooms
• 2 Bathrooms
• 109m²

Investment Opportunity:
Credit Assignment with Mortgage Guarantee in Fuengirola.

ATTENTION INVESTORS:
Asset generating returns through NPL (Non-Performing Loans) credit assignment.

For sale is the creditor position of a loan with a mortgage guarantee on a property located in Fuengirola.

Discover this charming 109 m² apartment, located just a 12-minute walk from the beach, in a consolidated and quiet area of Fuengirola. With 3 bedrooms and 2 bathrooms, this space is ideal for both a primary residence and an investment. The property, situated on the fifth floor with an elevator, offers a terrace perfect for enjoying the Mediterranean climate.

The location is unbeatable, surrounded by services such as supermarkets, restaurants, banks, schools, and green areas. Furthermore, the center of Fuengirola and Los Boliches are just a stone's throw away, facilitating access to everything you need. Excellent connections via Renfe and bus, along with quick access to the highway, make this apartment a very attractive option.

Asset Type: Housing.
Property Price Valuation: €312,175.
Auction/Appraisal Value: €196,344.
Total Claimed Debt: €134,279.
Procedural Status: Lawsuit admitted.

Credit Sale: The right to collect and the mortgage guarantee are transferred. The buyer is subrogated into the position of the current creditor.

No Possession: The property cannot be visited. The acquisition of physical possession will depend on the completion of the judicial proceedings.

Cash Operation: It is not possible to finance this purchase with a conventional bank mortgage.

Advantages: Acquisition at a significant discount on market value. Ideal for investors specializing in the management of foreclosed assets (REOs) or debt recovery.

LEGAL NOTICE: The information provided is for informational purposes only. It is recommended to conduct legal and procedural due diligence before formalizing the transaction.

We have a wide portfolio of NPL, CDR, and REO properties throughout Spain.