Paz Pad - Rincon de la Victoria..

A unique opportunity to purchase a well presented modern apartment complete with an existing Mortgage, for a modest deposit.

Situated in the popular holiday area of Rincon de la Victoria, just 20 minutes from Malaga airport you find this modern 1 bedroom ground floor apartment. The complex is well maintained and has sensible service costs.

Rincon de la Victoria is a busy holiday area to the East of Malaga, easily reached by road and public transport from the airport and Malaga town, it is also a very lively place at night and has many bars and restaurants where you can sit and pass a quiet evening. The beach area is always pleasant and has a number of Fish Restaurants serving the local fish. There is a good commercial centre and ample shops and supermarkets.

The Complex

The apartment is situated in a private area which is closed to public access, set in well-presented gardens, which are maintained with the community charge of 46.60 euro per month is set the pool, open during the summer months or by agreement within the community. Within the garden is also a small privately operated snack bar / restaurant. The entire complex is only 5 minutes' walk from the beach and 15 minutes by public bus into Malaga town.

The apartment.

Though not the biggest on the Costa del Sol, the apartment is well presented and in good decorative order, having only ever been used for holidays by the current Spanish owners who now live locally.

The accommodation consists of an open plan area, with American style kitchen, with all the necessary appliances for a holiday, Lounge with access to the terrace (with blind) Bedroom with fitted Wardrobe and a full bathroom.

This must be seen to be appreciated.

There is ample onsite parking, though the apartment is not allocated a specific bay.

Details about the Mortgage:

This is with Santander Bank, Capital outstanding = 60.774 euros (as at April 2014), monthly repayment currently stand at 294 euros per month, (but this can change). The remaining term is 20 years but this can be re-negotiated.

Other details

Apartment size 42 Squre Meters..

Community Charge = 46.60 euros per month.

Rubbish Charge = 89.65 euros per year.

I.B.I = 145.81 euros per year.