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Ref: EFML4128C
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An imposing property built over four levels and enjoying an elevated and rural location with 3,000 m2 of urban land and within walking distance of Alora town and railway station. It is currently used as a rural guesthouse/self catering facility, but would make a beautiful high quality home, a boutique hotel/restaurant or apartments. The property has a total of 578m2 built area plus terraces. Approach is by a gated entrance and driveway with parking for several cars,there is a large entrance hall, 3 living areas, 3 kitchens,11 bedrooms and 10 bathrooms. There is also an enormous swimming pool and landscaped gardens with many secluded seating areas. At the entrance is a separate cottage of 67m2 and also an artist's studio of 150m2 which provides a versatile living area. With wonderful views and exceptional location this substantial property has enormous potential for either a commercial venture or a superb family home. Mains water, electricity and telephone and internet are connected. A unique property. The owner is offering a rent to buy option with completion in 2 years. ref:APN5951
Property Features
- 11 bedrooms
- 10+ bathrooms
- 578m² Build size
- 3,000m² Plot size
- Swimming Pool
- 0
- 1
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
62,000€
Final Payment of 90% on completion
585,000€
Property Purchase Expenses
Property price
650,000€
Transfer tax 10%
65,000€
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.
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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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