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Ref: P4148
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Prepare to seize a truly unique opportunity with this expansive home comprising of four individual apartments and one AirBnB twin room. This remarkable property presents the chance to own a spacious and comfortable residence while also generating a substantial monthly income. Ideally located in the charming old town of Oliva, this opportunity is not to be missed.
Situated in the heart of Oliva's old town, overlooking a charming local square, this impressive home offers easy access to shops, restaurants, bars, and local transport. Boasting four individual apartments and an additional AirBnB twin room, this property presents an exceptional opportunity to acquire a comfortable residence while enjoying a lucrative monthly income.
Upon entering through the grand traditional wooden doors, you are greeted by a generously-sized hallway and a library. The main apartment, currently used by the owners, boasts a closed garage accessible from the rear of the property. Tenants of the remaining units can take advantage of ample nearby parking facilities.
Ascending the stairs from the entrance hallway, you'll find three self-contained apartments on the first and second floors. Two of the apartments feature a living room, kitchen, bathroom, and a double bedroom and the third apartment is a studio. Additionally, there is a twin ensuite bedroom designated for short-term rentals.
Completing the living quarters is a communal kitchen on the second floor, leading to a spacious roof terrace with a dining table and ample seating for relaxation.
This well-maintained home offers each apartment equipped with air conditioning, ceiling fans, and ample cupboard space. To ensure privacy and convenience, a remote door system allows tenants to come and go as they please while maintaining a quiet atmosphere. Tenants are responsible for cleaning their respective apartments, whereas the landlord takes care of the common areas and bedding, entrusted to a professional laundry company.
This property is well-known and has been successfully operated as both a guest house and set of apartments for more than 20 years, however the owners are now looking to retire But they won´t be leaving the area and have offered to help new owners to learn the ropes.
Opportunities to live in such a coveted area of Oliva are rare, and this particular property comes with the added benefit of an excellent income with minimal effort. Viewing this exceptional property is highly recommended for those seeking a profitable and comfortable investment opportunity..
Oliva
Tucked away along the stunning Costa Blanca coastline in Spain, Oliva is a picturesque town that captivates visitors with its rich history and natural beauty. Boasting pristine beaches, a charming old town, and a vibrant local culture, Oliva is a delightful destination for sun-seekers and those looking to immerse themselves in Spanish charm.
1 Real Estate, part of the Property Cloud Group, is a leading international estate agent in the Costa Blanca, with over 50 years of combined experience in Spanish property sales and over 40 dedicated staff. We are committed to providing a transparent, first-class service to all our clients, whether buyers or sellers. From the moment you first contact us, you'll notice the exceptional level of care and expertise we deliver as standard.
At 1 Real Estate, we focus exclusively on properties directly listed with us, allowing us to build strong relationships with our vendors, understand their homes, and have in-depth knowledge of the areas we serve. With our extensive portfolio of properties, we are confident we can find the perfect match for your requirements.
Make an enquiry today and discover why we stand out as the agent of choice for buyers and sellers in the Costa Blanca.
Situated in the heart of Oliva's old town, overlooking a charming local square, this impressive home offers easy access to shops, restaurants, bars, and local transport. Boasting four individual apartments and an additional AirBnB twin room, this property presents an exceptional opportunity to acquire a comfortable residence while enjoying a lucrative monthly income.
Upon entering through the grand traditional wooden doors, you are greeted by a generously-sized hallway and a library. The main apartment, currently used by the owners, boasts a closed garage accessible from the rear of the property. Tenants of the remaining units can take advantage of ample nearby parking facilities.
Ascending the stairs from the entrance hallway, you'll find three self-contained apartments on the first and second floors. Two of the apartments feature a living room, kitchen, bathroom, and a double bedroom and the third apartment is a studio. Additionally, there is a twin ensuite bedroom designated for short-term rentals.
Completing the living quarters is a communal kitchen on the second floor, leading to a spacious roof terrace with a dining table and ample seating for relaxation.
This well-maintained home offers each apartment equipped with air conditioning, ceiling fans, and ample cupboard space. To ensure privacy and convenience, a remote door system allows tenants to come and go as they please while maintaining a quiet atmosphere. Tenants are responsible for cleaning their respective apartments, whereas the landlord takes care of the common areas and bedding, entrusted to a professional laundry company.
This property is well-known and has been successfully operated as both a guest house and set of apartments for more than 20 years, however the owners are now looking to retire But they won´t be leaving the area and have offered to help new owners to learn the ropes.
Opportunities to live in such a coveted area of Oliva are rare, and this particular property comes with the added benefit of an excellent income with minimal effort. Viewing this exceptional property is highly recommended for those seeking a profitable and comfortable investment opportunity..
Oliva
Tucked away along the stunning Costa Blanca coastline in Spain, Oliva is a picturesque town that captivates visitors with its rich history and natural beauty. Boasting pristine beaches, a charming old town, and a vibrant local culture, Oliva is a delightful destination for sun-seekers and those looking to immerse themselves in Spanish charm.
1 Real Estate, part of the Property Cloud Group, is a leading international estate agent in the Costa Blanca, with over 50 years of combined experience in Spanish property sales and over 40 dedicated staff. We are committed to providing a transparent, first-class service to all our clients, whether buyers or sellers. From the moment you first contact us, you'll notice the exceptional level of care and expertise we deliver as standard.
At 1 Real Estate, we focus exclusively on properties directly listed with us, allowing us to build strong relationships with our vendors, understand their homes, and have in-depth knowledge of the areas we serve. With our extensive portfolio of properties, we are confident we can find the perfect match for your requirements.
Make an enquiry today and discover why we stand out as the agent of choice for buyers and sellers in the Costa Blanca.
Property Features
- 5 bedrooms
- 5 bathrooms
- 357m² Build size
- 168m² Plot size
- Fully Fitted Kitchen
- Street Parking
- Separate Kitchen
- Proximity: Airport
- Proximity: Mountain
- Proximity: Beach
- Terrace
- Furnished
- Floors: 3
- Washing machine
- Air conditioning
- Proximity: Shopping
- Fitted wardrobes
- Roof terrace
- Utility room
- Views: Mountain views
- Quiet Location
- Central location
- Ceiling fans
- Proximity: Restaurants
- Oven
- Stove
- Solar heating
- Accessability\proximity: Museums
- Accessability\proximity: Airport 1 hour
- Accessability\proximity: Theather
- Accessability\proximity: Marina
- Views: Urban view
- Solar orientation: East
- Balcony
- Video intercom
- Proximity: Hospital
- Proximity: Pharmacy
- Proximity: Public Transport
- Proximity: Schools
- Proximity: Public Swimming Pools
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
26,900€
Final Payment of 90% on completion
269,100€
Property Purchase Expenses
Property price
299,000€
Transfer tax 10%
29,900€
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.