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Ref: TTH611
Property marketed by Competa Properties S.L.
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Are you looking for a renovation project in the lovely village of Torrox? This property is in an ideal location with local shops, restaurants and the main square of the town just a few minutes’ walk away.
The property has become a ruin; it is distributed over 2 floors on a solar of 270 square meters and with two independent entrances. It´s original project was for the construction of an apartament block with 8 properties; 5 one bedroom dwellings and 3 two bedrooms dwellings and also a garaje with up to 19 car park spaces. This project was approved with all the paperwork in order and with all licenses paid, although it is possible to modify this project with your own if needed or preferred.
This property is perfect for someone looking to invest in this beautiful town and in a great location just a 7 minute drive down to the beaches of the Costa del Sol. Do not hesitate to contact us for more information and book your viewing now!
The property has become a ruin; it is distributed over 2 floors on a solar of 270 square meters and with two independent entrances. It´s original project was for the construction of an apartament block with 8 properties; 5 one bedroom dwellings and 3 two bedrooms dwellings and also a garaje with up to 19 car park spaces. This project was approved with all the paperwork in order and with all licenses paid, although it is possible to modify this project with your own if needed or preferred.
This property is perfect for someone looking to invest in this beautiful town and in a great location just a 7 minute drive down to the beaches of the Costa del Sol. Do not hesitate to contact us for more information and book your viewing now!
Property Features
- 0 bedrooms
- 0 bathrooms
- 270m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
30,500€
Final Payment of 90% on completion
301,500€
Property Purchase Expenses
Property price
335,000€
Transfer tax 10%
33,500€
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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