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Property marketed by European Property Company
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Characteristic and mythical three-star hotel located in the heart of Mojácar and in front of the Cantal beach. This family-run hotel has 40 air-conditioned rooms, each with a sea view; the rooms have satellite TV and many have a terrace with sea views.Virgen del Mar is a typical Andalusian-style building, located in the center of Mojácar Playa. It is 639m2 built on three levels. The plot is 2310M2. Private parking available on site.On-site services include: a lounge/cafeteria, private and secure covered parking, elevator, reception/office, a dining room serving a buffet and restaurant for 60 people inside and spacious outside terraces can be used for dining out. The bar and litchen have been recently renovated and updated.Distance: The Hotel Virgen Del Mar is located on the beach of Punta del Cantal, 7 km from the center of Mojacar. The area where this hotel is located is well connected with the historic center of Mojácar, which is a 10-minute drive away, and the nearby tourist developments, via the ALP 118 highway that runs along the coast. Almeria is 94 kilometers away and has an airport with connections to the many airports in Northern Europe.
Property Features
- 40 bedrooms
- 40 bathrooms
- 639m² Build size
- 2,310m² Plot size
- Terrace
- Air-Conditioning
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
247,000€
Final Payment of 90% on completion
2,250,000€
Property Purchase Expenses
Property price
2,500,000€
Transfer tax 10%
250,000€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.