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This is a unique opportunity for a buyer to build a new family home, guest apartments or hotel to their exact style, comfort and standards, complete with a garden and patio, in a beautiful, tranquil area of the Albayzín, with spectacular views of the Alhambra.
The property comes with the plans and licence to build two family houses of 150m2 each. This license can be modified to build 4 or 6 Touristic Apartments, of 50 m2 or 33.3 m2, depending on the buyer's interests. We can present you with builders and all other help. Construction costs of €700 to €800/m², offering great profitability.
After building, there is left over 190 m2 for gardens and patios. The plot has various fruit trees on it at present as well as a 25m2 garage / storeroom.
The property is located in the coveted old quarter of the Albaicín in Granada, next to the Mirador de San Nicolás, with impressive views of the Alhambra. There is a bus stop only three minutes away and it is close to shops as well as the city centre.
Property Features
- 0 bedrooms
- 0 bathrooms
- 293m² Plot size
- Tranquil Location
- Close To All Amenities
- Fruit Trees
- Alhambra Views
- Close to Bus Stop
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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