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Property marketed by Competa Properties S.L.
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Charming townhouse in Spain currently used for holiday rental, it consists of 6 bedrooms, 3 living rooms, kitchen with patio, two terraces and two bathrooms.
All recently renewed with quality materials, with a storage room above that could easily become a bedroom, there are two entrances on two streets which makes it ideal for businesses such as Bed and Breakfast.
The dining room has a large open fireplace which gives a very welcomgn aspect ,
A property with great potential as it currently is rented for up to 11 people.
Located in Arenas, a pretty village just 15 mins from the bustling town of Velez Malaga it is ideal either as a business investment or a family home.
All recently renewed with quality materials, with a storage room above that could easily become a bedroom, there are two entrances on two streets which makes it ideal for businesses such as Bed and Breakfast.
The dining room has a large open fireplace which gives a very welcomgn aspect ,
A property with great potential as it currently is rented for up to 11 people.
Located in Arenas, a pretty village just 15 mins from the bustling town of Velez Malaga it is ideal either as a business investment or a family home.
Property Features
- 6 bedrooms
- 2 bathrooms
- 170m² Build size
- 170m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,750€
Final Payment of 90% on completion
141,750€
Property Purchase Expenses
Property price
157,500€
Transfer tax 10%
15,750€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.