13 bedroom Commercial Property for sale in El Burgo, Málaga, Spain

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Ref: CM124

Property marketed by Inland Andalucia

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This beautiful rural hotel with a complete equipped bar-restaurant, a pleasant patio and balconies in almost each of its 13 rooms (with their ensuite bathrooms) is characterized by a familiar and cozy atmosphere. Located in the most central street of the mountain village El Burgo, this building is an ideal investment to lead a sustainable and ecological business, away from the large urban agglomerations and surrounded by the Sierra Laquebrilla and the Sierra de las Nieves Biosphere Reserves. The wooden ceilings, the furniture and the decoration, as well as the shaded patio and the views of the neighboring church of San Agustín, give this corner mansion a magnificent air of an old and stately town property. The inn received numerous recognitions and awards for its uniqueness in the 1990s and early 2000s.

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Property Features

13 bedrooms
15 bathrooms
536m² Build size
240m² Plot size
Air Conditioning
Alarm System
Bar
BBQ
Central Heating
Charming Property
Close to Amenities
En Suite Bathroom
Fireplace
Fitted Kitchen
Full of Character
Furnished
Good Rental Potential
Guest Apartment
Guest Toilet
Internet
Lounge Diner
On Street Parking
Patio
Renovated
Separate Diner
Spectacular views
Tastefully Decorated
Telephone
Well Presented

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

40,290€

Final Payment of 90% on completion

389,610€

Property Purchase Expenses

Property price

432,900€

Transfer tax 10%

43,290€

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:

432,900€

Deposit:

€

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Period:

Mortgage Result

* 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

Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.