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Ref: NTH002
Property marketed by Competa Properties S.L.
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Are you looking for an investment project in the heart of Nerja? This complete building, located in the Plaza de la Ermita, the most central area of Nerja, may be what you are looking for. This building consists of four floors and a solarium terrace on top of it. The building is distributed in basement, commercial premises on the ground floor, two completely independent flats on the upper floors, and finally a terrace from which you can enjoy stunning views of the village, mountains and Mediterranean Sea.
The building is located in the center of Nerja, and is undoubtedly an ideal option for investors looking for a project to convert it into a hotel, Bed & Breakfast, commercial offices, or even different apartments dedicated to holiday rentals with various dependencies and services in it. The possibilities are endless in this building, mainly due to its unbeatable location, coupled with the scarcity of supply of such properties.
The building stands out mainly for the existing commercial premises at street level and on the ground floor. This has been in operation until several years ago, so it is conditioned as a bar, with kitchen, bar, 2 toilets and storage. It can be the ideal place to convert it into a lobby of the future business, or keep the same use and be the restaurant area of a hotel or any accommodation service. From the same, through a staircase, we go down to the current basement, with 107m2 and which is currently an open room that can be converted into anything, either playground, gym, or any common area.
Returning to the commercial premises on the ground floor, stairs lead to the first and second floors, where we find two completely independent houses with the same distribution. Both have an area of 146m2, divided into 4 bedrooms, 1 bathroom, large living room with balcony overlooking the street, kitchen, and a small internal courtyard. The first house is completely finished and in perfect condition, so you can move in, although the second is half finished. Finally, another flight of stairs lead us to the top of the building, where we can find a laundry room with electricity and water connections on a large terrace with wonderful views. This can be, without a doubt, an ideal place to convert it into a common area or even to convert it into a summer terrace area for the restaurant.
The total constructed area of the building is approximately 596m2, with a basement area of 107m2, first floor premises of 108m2, and 146m2 each dwelling, plus the upper terrace which includes a common laundry room area of approximately 6m2.
Undoubtedly, Nerja is one of the most visited towns every year in Spain. In addition to the great visibility of this building located in an area of continuous pedestrian traffic, this building is the beginning of a business with great potential and assured profitability. This property deserves to be visited to appreciate all its potential and the infinite possibilities it offers as a business investment, do not hesitate to contact us to visit it!
The building is located in the center of Nerja, and is undoubtedly an ideal option for investors looking for a project to convert it into a hotel, Bed & Breakfast, commercial offices, or even different apartments dedicated to holiday rentals with various dependencies and services in it. The possibilities are endless in this building, mainly due to its unbeatable location, coupled with the scarcity of supply of such properties.
The building stands out mainly for the existing commercial premises at street level and on the ground floor. This has been in operation until several years ago, so it is conditioned as a bar, with kitchen, bar, 2 toilets and storage. It can be the ideal place to convert it into a lobby of the future business, or keep the same use and be the restaurant area of a hotel or any accommodation service. From the same, through a staircase, we go down to the current basement, with 107m2 and which is currently an open room that can be converted into anything, either playground, gym, or any common area.
Returning to the commercial premises on the ground floor, stairs lead to the first and second floors, where we find two completely independent houses with the same distribution. Both have an area of 146m2, divided into 4 bedrooms, 1 bathroom, large living room with balcony overlooking the street, kitchen, and a small internal courtyard. The first house is completely finished and in perfect condition, so you can move in, although the second is half finished. Finally, another flight of stairs lead us to the top of the building, where we can find a laundry room with electricity and water connections on a large terrace with wonderful views. This can be, without a doubt, an ideal place to convert it into a common area or even to convert it into a summer terrace area for the restaurant.
The total constructed area of the building is approximately 596m2, with a basement area of 107m2, first floor premises of 108m2, and 146m2 each dwelling, plus the upper terrace which includes a common laundry room area of approximately 6m2.
Undoubtedly, Nerja is one of the most visited towns every year in Spain. In addition to the great visibility of this building located in an area of continuous pedestrian traffic, this building is the beginning of a business with great potential and assured profitability. This property deserves to be visited to appreciate all its potential and the infinite possibilities it offers as a business investment, do not hesitate to contact us to visit it!
Property Features
- 8 bedrooms
- 2 bathrooms
- 596m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
116,900€
Final Payment of 90% on completion
1,079,100€
Property Purchase Expenses
Property price
1,199,000€
Transfer tax 10%
119,900€
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.
Mortgage Calculator
Mortgage Amount:
1,199,000€
Deposit:
€
Interest Rate:
%
Period:
Mortgage Result
* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
Spanish Property News & Updates by Spain Property Portal.com
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.