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Bargain for investors and developers:- 9 residential plots sold as a package (note the plots are in the same area but not necesarilly next to each other
Investor alert, 35141m2 of land to build up to 16579m2 of properties within a 5-8minute drive to the beach and amenities, Estepona is aprox 12 min away and Puerto Banus 15 min away
The price for the plots is 2,2 million €,
The re-development of the area will cost approximately 1.7million € which will need to be paid in stages to the townhall (usually as building licenses are granted)
9 residential plots in the same area for sale, must be purchased as a package
A mix use of apartments, townhouses and villas as follows:
Plot 1- residential building for up to 128 apartments
Plot 2 - for 7 semidetached houses
Plot 3 - for 18 semidetached houses
Plot 4 to 9 - for 6 villas (1 villa in each plot)
Property Features
- 0 bedrooms
- 0 bathrooms
- 16,579m² Build size
- 35,141m² Plot size
- Close To Shops
- Close To Sea
- Close To Town
- South East
- East
- South
- South West
- West
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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Mortgage Result
* 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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