8 bedroom Townhouse for sale

8 bedroom Townhouse for sale

Cocentaina, Alicante
299,950
 
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Ref: OCG-20161417
Property marketed by Olive Grove Estates Olive Grove Estates
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Tucked away in the historic old town of Cocentaina, this charming rural village house offers a rare opportunity to acquire a fully licensed and operating B&B with strong occupancy and excellent guest ratings. Carefully renovated to modern standards while preserving its original character, the property benefits from updated electrical and plumbing systems, blending comfort with authentic architectural details.

The house features generous shared spaces, including a welcoming living room, a bright dining area, and a spacious 90 m² cellar that holds potential for a café license. Guests can also enjoy a 30 m² communal terrace, ideal for relaxing in the Mediterranean climate. Currently, four guest rooms are actively rented through platforms such as Booking.com, Hotels.com, Expedia, and Airbnb. Each room is equipped with air conditioning and a private bathroom, ensuring a comfortable stay.

There is the option to expand further by adding an additional room with a private terrace, currently reserved for private use. The business has shown consistent performance, with last year’s average revenue just over €3,000 per month. There is clear potential to grow income by incorporating the extra room and offering meals or dinners to guests.

The layout of the property also offers flexibility for a live-work lifestyle. The current owners maintain a private attic room, but there is the possibility of transforming the entire first floor into a spacious private apartment of approximately 85 m², featuring three bedrooms and a kitchen. This would still allow the cellar and main entrance to be used as a dining area or small restaurant.

With a current occupancy rate of 67%, this B&B boasts a solid reputation: 8.6 on Booking, 9.6 on Expedia and Hotels.com, and a 4.4 Google rating. Whether you’re seeking a turnkey hospitality business or a hybrid lifestyle property with expansion potential, this unique home in Cocentaina is a compelling opportunity.

Property Features

  • 8 bedrooms
  • 7 bathrooms
  • 511m² Build size
  • New Home

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,995€
Final Payment of 90% on completion
269,955€
 
Property Purchase Expenses
Property price
299,950€
Transfer tax 8%
23,996€
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:
299,950€
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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.

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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