Land for sale

Land for sale

Huercal-Overa, Almería
350,000
 
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
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Ref: 74/10371
Property marketed by European Property Company European Property Company
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PLOT FOR SALE FOR A SMALL HOTEL PROJECTED IN HUÉRCAL-OVERA (ALMERIA)!!!Huércal Overa, the most important town in Levante Almería, mainly for services, with its almost 20,000 inhabitants, is completely devoid of hotels. Strategically located in the north of Andalusia, it is the last town of this, bordering Murcia, which means a large influx of visitors, merchants and people passing through.Here we want to offer you this great business opportunity to develop this small and elegant hotel just off the A7 motorway. Located next to two large supermarkets: Lidl and Mercadona, and in front of the new direct connection to the Huércal Overa Hospital, thus making the hotel a new possibility of accommodation close to it. In addition, it is located a few meters from the Huércal Overa Bus Station.Everything is designed to be a three-star hotel, small but cozy; with 33 rooms and with attention to detail, finishes and basic requirements, all in top quality.It will be made up (subject to possible changes if deemed necessary) of a basement and semi-basement as well as three floors where the reception, small dining room and bedrooms will be installed.The project is 15 years old (pending some renovations)It complies with the regulations for a 4-star hotel.Due to the building regulations approved by the city council, it would have a higher height than the rest of the buildings, so its view both inside and outside would be a factor to take into account.The site or plot has paid the tourist activity license."The services that the plot has are:"water supplyElectrical SupplyTelephonytelecommunicationsGarbage collection"Environmental and health services"Energy saving and thermical isolationAccessibilitynoise protection"Square meters that we have"Solar area: 773.50m2Occupancy: 72.69%Around 545m2 can be built on each basement, semi-basement and ground floor, as well as around 380m2 on the first, second and third floors.As an important annex, it should be noted that there is the possibility of acquiring another adjoining plot of land to expand the hotel facilities of about 1,500 m2 for development for €200,000.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 557m² Build size
  • 773m² Plot size

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
32,000€
Final Payment of 90% on completion
315,000€
 
Property Purchase Expenses
Property price
350,000€
Transfer tax 8%
28,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€

* Transfer tax is based on the sale value or the cadastral value whichever is the highest.

** The information above is displayed as a guide only.

Mortgage Calculator

Mortgage Amount:
350,000€
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Interest Rate:
%
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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

Spanish Property News & Updates by Spain Property Portal.com

In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.

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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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