Villa for sale

Villa for sale

Puerto de Mazarron, Murcia
229,000
 
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
  • Villa for sale
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Ref: Fare497
Property marketed by Fuente Alamo Real Estate Fuente Alamo Real Estate
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EXCELLENT INVESTMENT PROJECT IN PRIME COASTAL LOCATION ON A 3,120m2 FULLY FENCED PLOT WITH A BUILD SIZE OF 580m2 ACROSS 3 FLOORS COMPETITION SIZE TENNIS COURT WITH COVERED VIEWING STAND AND OLYMPIC SIZE SWIMMING POOL ALL REQUIRING RESTORATION.  Located in the sought after Quatro Plumas area of the popular coastal town of Puerto de Mazarrón.  We are pleased to offer this excellent investment project, built in 1990 as an entertainment, sports and leisure facility and also offering living accommodation.  Until recently it was operated as a Discotheque, Restaurant/Cafeteria but can also be used for Private Care Home, Private Medical Centre/Clinic, Educational Facility or Gymnasium/Sports Facility.  We estimate the new owner would be required to invest a further 250,000 – 350,000 Euros on restoration and remedial works, plus whatever installation costs would be required depending on the preferred usage.  This is not a small project but once fully operational could achieve a value of around 850,000 Euros to 1.2 Million Euros.  We are currently exploring with the local authorities whether the land could be used to develop Apartments or convert to a Hotel.  This is a very rare development/investment opportunity and is ideal for a small investment consortium or individual with vision and aspiration.  We would be delighted to discuss further details with any interested parties.  Currently the property comprises of the main building across 2 floors and a basement, a private swimming pool measuring 25m x 12.5m and sports area/tennis court with ample covered elevated seating area for spectators.  There are many many more features to this project, too numerous to mention.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • Parking - Off Road
  • Pool - Private
  • Solarium
  • Sports/Play Facilities
  • Tarmac Road

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,900€
Final Payment of 90% on completion
206,100€
 
Property Purchase Expenses
Property price
229,000€
Transfer tax 8%
18,320€
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.

Mortgage Calculator

Mortgage Amount:
229,000€
Deposit:
Interest Rate:
%
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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.

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%.

Read More

Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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