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Ref: EFML5187Y
Property marketed by España Dream Properties

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Unique investment property in the heart of Alora, ideal for tourist use!If you are looking for a special investment in sunny Andalusia, this impressive building of more than 450 m², located in the old town of Álora, is exactly what you need. Its strategic location and generous layout make this property the perfect place for a boutique hotel, B&B or flat complex.Distribution and possibilitiesThe building extends over three floors and has 20 bedrooms, 3 bathrooms, kitchen and a beautiful terrace with stunning views of the castle of Álora. The wine cellar can be converted into a wine cellar or also offer opportunities such as storage space, wellness area or a cosy communal space.Location with potentialLocated just a short walk from the town hall and surrounded by cosy squares, shops and restaurants, you'll be at the centre of Alora life. In addition, the famous Caminito del Rey hiking trail and the stunning El Torcal Natural Park are nearby, being attractions that attract tourists all year round.As if that were not enough, thanks to the train station 10 minutes away on foot, you can reach the centre of Malaga and the international airport in less than 40 minutes. This further increases the attractiveness of the property for short and long stays.In short: a unique property with great commercial potential in a prime location. Ready to make your tourist dream come true. ref:APN7658
Property Features
- 20 bedrooms
- 3 bathrooms
- 90m² Build size
- 446m² Plot size
- 0
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
39,000€
Final Payment of 90% on completion
378,000€
Property Purchase Expenses
Property price
420,000€
Transfer tax 10%
42,000€
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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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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.