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The plot offered sits at 3085m2, and is offered with a full build licence in place granted by the Benahavis Town Hall, which is in place until November 2024 with build once starting, allowing a 3-year completion timeline, and full project in put together by an internationally known architect.
Including Retaining Wall, Full Project and Build Licence
The build licence allows for a total internal m2 footprint of 572m2 of useable space, with current design offering 4 bedrooms and more, plus a host of internal cutting edge amenities such as, Spa, Indoor Pool, Sauna, Gym, Cinema Room, Library, plus more.
Retaining walls have already been established saving the buyer higher costs and time, and full project and build licence in place has a tendered build cost of €2´600´000, which delivers the highest of qualities, specs and finishes as seen in the project marketing materials. This cost of course can be reduced or increased should the buyer want to follow a different design of their choosing.
El Lago Project will soon be one of the most in demand areas due to offering unrivalled views, exclusive access to the underway amenities below such as, 5* Banyan Tree Hotel Group, 36´000m2 water sports lake, man-made beach and lagoon, new concept flash golf courses, padel courts and a host of eateries and social areas. With an already half completed new road connecting the gated resort to the heart of Nueva Andalusia via La Cerquilla, proximity to all major areas will be reduced in travel time.
An incredible opportunity to own a residence within this exclusive setting without having to pay market rates on an already completed home.
Property Features
- 4 bedrooms
- 4 bathrooms
- 572m² Build size
- 3,085m² Plot size
- Swimming Pool
- West orientation
- Private garage
- Private garden
- Private pool
- Sauna
- Gym
- Sea view
- Mountain view
- Panoramic view
- Cinema room
- SPA
Costing Breakdown
* 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.
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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.
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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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