Apartment for sale in Las Palmas de Gran Canaria, Spain

Apartment belonging to Phase 2 of the Las Rehoyas Rehabilitation Plan. This plan is being implemented in phases, in which some old blocks of flats are demolished and replaced by completely new ones, to be built in the area according to the attached plan. Phase 0 has already been executed, with the new homes being handed over to their owners. The new flats will have an elevator, a larger surface area, with the option of a garage space and storage room, the neighbourhood will be completely rehabilitated including commercial areas, gardens, sidewalks, roads, parks, etc. The allocation of the homes is according to a lottery before a notary. The homes awarded will have an average of about 70m2 and 3 bedrooms, although there are a variety of models. For more information on this you can visit the GEURSA website, Plan de las Rehoyas. The apartment for sale is currently a first floor from street level (second in deeds), without elevator, which consists of a living room, 3 bedrooms, separate kitchen, bathroom and closed balcony as a storage room or pantry. It has been renovated in some aspects such as stoneware floors and lacquered aluminium windows. It is very bright and well connected. The property is sold unfurnished and without appliances except for the gas hob and extractor hood. The apartment is rented at around 470/month, and the buyer must subrogate the contract, which still has approximately 3 years left. If you want an investment that will pay you while you wait for the award of the new home, this is an excellent opportunity. The allocation may be as free housing or with limitations on sale and rental price, as chosen by the owner. Important, the property is not mortgageable and to visit it, you have to fit in with the tenant's schedule, which will imply having to adapt to the available schedule. Taxes, registration, notary and any other expenses derived from the sale are not included in the RRP price.