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Sea views, holiday home and fantastic rental investment we are delighted to present for sale this beautiful villa in the very popular village resort of Binibeca Vell. Situated in a quiet cul-de-sac this 248m2 villa was built in 1992 and is in a fantastic condition. The 4 bedroom villa sits on a good size plot of 1300m2 and comprises 2 floors; the first floor has a bright lounge and dining area, fully fitted kitchen, double bedroom, bathroom and laundry room. Upstairs there are 3 bedrooms and a bathroom. There is also an outdoor staircase leading to the first floor with the highlight being the amazing sea-view terrace of 65m2 with sun most of the day and stunning sea views. Most of your day will be spent around the inviting swimming pool, the sun-bathing terraces and then how about a superb outdoor BBQ meal for lunch or dinner. The underground floor has space for storage and can be used as a gymnasium. The plot provides plenty of space for the garage, extra parking and other storage areas. The owners have applied for the valuable tourist licence and will receive excellent returns. At any time of day the award winning, famous fishing village of Binibeca provides shops, restaurants and a small bay. The impressive sandy beach is a 5 minute car ride or 15 minutes on foot and there is a popular beach restaurant serving amazing lunches. The larger town of San Luis is 15 minutes in the car and has everything you need including shops, restaurants, school, medical services and a bus stop taking you to the Capital, Mahon.
Property Features
- 4 bedrooms
- 3 bathrooms
- 248m² Build size
- 1,300m² Plot size
- Swimming Pool
- near transport
- near beach
- close to the sea
- close to shops
- sought after area
- garden
- terrace
- garage
- parking
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
103,000€
Final Payment of 90% on completion
954,000€
Property Purchase Expenses
Property price
1,060,000€
Transfer tax 10%
106,000€
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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