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This property has huge potential as an investment as it currently has the ground floor as a commercial unit but this could be made into a self catering apartment and the rest of the house maybe set up as a B&B or make a great large family home. The ground floor has a large open plan sitting room and other rooms that could be made into a kitchen, bedroom and bathroom or you could keep it as a commercial unit - shops, hairdressers etc giving the option for running your own business or renting out to bring in a regular income. There is access to a basement too that has 2 rooms so perfect for storing either stock or household items.
The main house has 2 sitting rooms, 3 bedrooms and a bathroom, plus a kitchen and utility area. It also has access to an outside terrace.
The property requires some internal updating etc but nothing structural so for this money its a real bargain with so many possibilities. Its in a good location too as the amenities of the town including shops, bars and restaurants are all within walking distance of the property.
The town of Martos is located on a western peak of the Sierra Jabalcuz mountain range. It belongs to the metropolitan Area of Jaén, which is considered to be the second most important city after the capital. The closest airport is Granada which is around 50 minutes away or the larger airport of Malaga is around 1 hour 3/4. Martos is considered to be the greatest producer of olive oil in Spain. The town is situated beneath the Cerro de la Peña, topped with the ruins of the castle of the same name. This compact town spreads out over the slopes of the hill, under the Castle of La Villa and the Church of Santa María. Its privileged location offers beautiful views over a vast sea of olive trees. There is a large outdoor market held weekly near the park and several fiesta's are held here throughout the year. There is also an outdoor pool open in the summer months and an indoor pool open all year round. This is the perfect town for those wishing to experience the true Spanish lifestyle.
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Property Features
- 3 bedrooms
- 1 bathroom
- 200m² Build size
- Near Transport
- Renovation Needed
- Terrace
- Near amenities
- Needs modernizing
- In Town Center
- Walk to shops
- Walk to bars
- Walk to restaurants
- Hospital 5 Km
Costing Breakdown
* 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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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
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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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