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Ref: TH818/14391
Property marketed by Competa Properties S.L.
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If you are looking for a townhouse in Spain with business potential, or one that is large enough to receive family and friends, this might interest you. It is located in the heart of the beautiful white village of Arenas, 15 minutes from the sea and less than that from all the services of Vélez-Málaga. It also has the advantage of being able to park directly in front of the house. The property is divided into two completely independent parts. On the one hand, there are two very large bedrooms with an equipped kitchen, a bathroom with a shower and access to a patio shared with another house. This part could be perfectly converted into a restaurant, for example.
The other part consists of four floors that are similarly built, and each has its own bathroom with a shower and its own kitchen area. All have two bedrooms, and one of them has access to a nice patio. In addition, you could build a very large terrace above.
With a little reform and attention, this property could become a very interesting family home, but it would also be a good investment for a B&B or a hostel with its own restaurant, and why not, a covered terrace, as it has a lot of space. It also has a 20 m² storage room.
The other part consists of four floors that are similarly built, and each has its own bathroom with a shower and its own kitchen area. All have two bedrooms, and one of them has access to a nice patio. In addition, you could build a very large terrace above.
With a little reform and attention, this property could become a very interesting family home, but it would also be a good investment for a B&B or a hostel with its own restaurant, and why not, a covered terrace, as it has a lot of space. It also has a 20 m² storage room.
Property Features
- 8 bedrooms
- 4 bathrooms
- 448m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
18,200€
Final Payment of 90% on completion
190,800€
Property Purchase Expenses
Property price
212,000€
Transfer tax 10%
21,200€
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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