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Ref: TH6179
Property marketed by Inland Andalucia

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A fantastic opportunity in the heart of old town Martos, in the Jaén province of Andalucia, Spain. This beautifully renovated town house has three independent apartments with high income-producing potential,located where rental properties are highly in demand. This property is a short 2 minute walk from local shops, cafés, bars,town hall, local police stacion and public parking.Inside, you will find three one bedroom flats.Each with its own ensuite bathroom, fitted kitchen with an open plan layout.Perfect for rentals, holiday lets or live in business. The property also features a roof top terrace with lovely views over the town making it a perfect spot to relax or enjoy an evening sunset. The basement includes a convenient outside space and is partially remodeled with great potential to become a fourth flat, laundry room or storage area. This property is a move-in-ready property with real business potential.
Property Features
- 3 bedrooms
- 3 bathrooms
- 132m² Build size
- 55m² Plot size
- B&B potential
- Charming Property
- Close to Amenities
- Double Glazing
- En Suite Bathroom
- Fitted Kitchen
- Full of Character
- Furnished
- Good Rental Potential
- Guest Apartment
- Internet
- Investment Property
- Luxury Fittings
- Near Public Transport
- Patio
- Private Terrace
- Renovated
- Roof Sun Terrace
- Spectacular views
- Storage Room
- Sun Terrace
- Tastefully Decorated
- Telephone
- Well Presented
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,500€
Final Payment of 90% on completion
58,500€
Property Purchase Expenses
Property price
65,000€
Transfer tax 10%
6,500€
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.
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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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