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Ref: P145
Property marketed by Competa Properties S.L.
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This plot is set in a peaceful valley in the municipality of Torrox not far from the main road with very good access. The village of Torrox and the beaches are only a 15 minutes drive away and Málaga international airport is approximately 50 minutes by car.
This is a opportunity to purchase a plot of approximately 7,000 m2 together with an old cortijo (farmhouse) measuring approximately 20 m2. This offers the possibility of reforming/replacing the existing building.
From the site there are views of the surrounding countryside, the beautiful mountains of the Sierras and the Mediterranean.
There is a private water supply and electricity can be connected easily.
This is a opportunity to purchase a plot of approximately 7,000 m2 together with an old cortijo (farmhouse) measuring approximately 20 m2. This offers the possibility of reforming/replacing the existing building.
From the site there are views of the surrounding countryside, the beautiful mountains of the Sierras and the Mediterranean.
There is a private water supply and electricity can be connected easily.
Property Features
- 0 bedrooms
- 0 bathrooms
- 20m² Build size
- 7,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,000€
Final Payment of 90% on completion
54,000€
Property Purchase Expenses
Property price
60,000€
Transfer tax 10%
6,000€
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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