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Ref: TTH169
Property marketed by Competa Properties S.L.
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Situated in a pretty street within the centre of thelovely white village of Torrox, this charming old townhouse which has become derelict is next to a parking area and only 1 minutes walk for the central plaza, the church and all local amenities
This plot, of 278m2, can be renovated to give one a property of 3 levels, for example a business premises on the main floor, two floors for housing and an upper terrace. The property has a private gated entrance and can be accessed from two different streets.
Mains water and electricity are very close by and can easily be connected. A wonderful location to construct a lovely new townhouse suitable for a family wishing to settle and make a new life in the wonderful Spanish climate.
This plot, of 278m2, can be renovated to give one a property of 3 levels, for example a business premises on the main floor, two floors for housing and an upper terrace. The property has a private gated entrance and can be accessed from two different streets.
Mains water and electricity are very close by and can easily be connected. A wonderful location to construct a lovely new townhouse suitable for a family wishing to settle and make a new life in the wonderful Spanish climate.
Property Features
- 0 bedrooms
- 0 bathrooms
- 278m² Build size
- 278m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
25,000€
Final Payment of 90% on completion
252,000€
Property Purchase Expenses
Property price
280,000€
Transfer tax 10%
28,000€
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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