Land for sale

Land for sale

Velez Malaga, Málaga
3,900,000
 
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
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Ref: 428-01775P
Property marketed by Selection Med Selection Med
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A unique and unrivalled opportunity to acquire a 21,735 square metre plot of land situated in one of the most prestigious locations on the Costa del Sol, in close proximity to idyllic Caleta de Vélez and just 500 metres from its renowned marina and sun-drenched Mediterranean beaches. This extensive plot is distinguished by its exceptional buildability, amounting to 16,300 square metres, which gives it unrivalled versatility and unparalleled development potential.

It forms part of a high-end sector, next to the Baviera Golf Course, where the construction of 900 homes is planned for the near future, most of them detached houses with private gardens.

Located 500 metres from Caleta de Velez, famous for its marina and magnificent beaches, among the best on the Costa del Sol and 30 minutes from Malaga with direct access to its motorway.

VALUE:

Its cadastral value is 8.849. 932,93 €, after recent municipal valuation.

A VALUATION CERTIFICATE OF €8.636. 737,13 is available (TASACIONES HIPOTECARIAS S. A. U. ), for mortgage purposes.

Confirmation is available from the Town Council to use the Plot, in part or in its entirety, for any of the following uses:

Detailed, complementary and compatible uses are:

Hotel Use such as HOTEL (e.g. 4 star hotel with 370 rooms), Motels, Aparthotels.

Use of communal accommodation, such as a residence for the elderly, children's homes, student residences.
Use of Offices and Offices, such as Gestorías, Inmobiliarias, Banks... .
Commercial use, such as Markets, Supermarkets, Shops, etc.
Medical Services, such as Hospitals, Clinics, Outpatients' Departments, etc.
Hospitality use, such as Cafeterias, Bars, Restaurants, Discotheques, Casinos, etc.
Industrial use: Transformation of raw or semi-finished materials.
Educational use, such as schools, kindergartens, universities, etc.
Recreational and Cultural Use, such as Shows, Cinemas, Libraries, Museums, etc.

It is also possible to allocate the entire plot and its buildable area to two or more of the aforementioned uses (e.g. 1 Hotel + 1 Retirement Home).

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 21,735m² Plot size

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
387,000€
Final Payment of 90% on completion
3,510,000€
 
Property Purchase Expenses
Property price
3,900,000€
Transfer tax 10%
390,000€
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:
3,900,000€
Deposit:
Interest Rate:
%
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

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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