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Ref: SD31-53143
Property marketed by NERJA BEACH PROPERTIES
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This home in the heart of Nerja offers a blank canvas for any visionary investor looking to make the most of its prime location. With a façade of 7 meters and a length of 25 meters, the development potential is truly impressive. Imagine transforming this space into a stylish boutique hotel that captures the charm and beauty of Nerja, attracting visitors from all over the world. The fact that the property is situated next to the Balcón de Europa, one of the city's most iconic landmarks, adds immense additional value. Tourists looking to immerse themselves in the culture and atmosphere of Nerja would be delighted to stay at such a well-located hotel. With 150 square metres of retail space on the ground floor, there is also the opportunity to create a number of stylish retail premises that complement the unique atmosphere of Nerja. From boutique shops to cozy coffee shops, the possibilities are endless. In addition, the proximity to a future leisure park provides a significant strategic advantage. This additional development will increase the attractiveness of the area and ensure a steady flow of visitors and local residents. In short, this property not only offers exceptional space for commercial development, but is also strategically located to capitalise on Nerja's tourism boom. It's an opportunity you can't pass up if you're looking to invest in real estate with unlimited potential for growth and return on investment!
Property Features
- 2 bedrooms
- 2 bathrooms
- 150m² Build size
- 150m² Plot size
- Sun/facing : East
- Private patio
- Terrace/balcony
- Wardrobe/closet
- Cable/Sat-tv
- Washing machine
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
65,000€
Final Payment of 90% on completion
612,000€
Property Purchase Expenses
Property price
680,000€
Transfer tax 10%
68,000€
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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