Commercial Property for sale in Elviria, Málaga, Spain

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Ref: PD183324

Property marketed by Property Directors Costa del Sol, S.L.

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A fantastic Investor/Developer Opportunity - Elviria Hills above Marbella. An urban South facing development plot with fantastic views. For sole use as a Retirement Home (Residencia de Mayores), 45,015 m2 plot / with 11,250 m2 buildable plus terraces plus basement. Only for retirement home with 9 villas, 36 apartments, 14 suites (project can be changed). It is also suitable for an Aparthotel, Spa/Wellness center. 'equipamiento privado'. The plot borders a protected forest so tranquility and privacy is assured. The spectacular plot is 7 minutes by car from Marbella's best beaches, and 30 minutes from Malaga airport. It is completely urbanized: electricity, sewage, fiber optic internet, water, paved road.

Included in the price of €9,000,000 are:
Building License: €415,000
Architect fees: €185,000
Infrastructure: €150,000
2 existing structures of aprox 1,000m2 built total: €750,000

The Current building license is for sole use as a retirement home.

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Property Features

0 bedrooms
0 bathrooms

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

897,000€

Final Payment of 90% on completion

8,100,000€

Property Purchase Expenses

Property price

9,000,000€

Transfer tax 10%

900,000€

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:

9,000,000€

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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.

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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%.