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Ref: TP003
Property marketed by Competa Properties S.L.
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An elevated piece of land above the towns of both Torrox and Nerja, approx. 30 min by car from Torrox beach.
The plot measures approx 44.000 m2 and has breathtaking views to both the sea, Nerja, Friglliana and Torrox. It has multiple access routes, 6 water shares from the Chillar river, and is currently classified as "urbano en reserva", being entirely surrounded by land already classed as building land and designated for a luxury sports and golf development. An amazing investment opportunity, this site is ideal for luxury homes commanding incomparable views.
The plot measures approx 44.000 m2 and has breathtaking views to both the sea, Nerja, Friglliana and Torrox. It has multiple access routes, 6 water shares from the Chillar river, and is currently classified as "urbano en reserva", being entirely surrounded by land already classed as building land and designated for a luxury sports and golf development. An amazing investment opportunity, this site is ideal for luxury homes commanding incomparable views.
Property Features
- 0 bedrooms
- 0 bathrooms
- 44,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
307,000€
Final Payment of 90% on completion
2,790,000€
Property Purchase Expenses
Property price
3,100,000€
Transfer tax 10%
310,000€
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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