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Ref: TTH644
Property marketed by Competa Properties S.L.
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Located in the heart of Algarrobo on a serene street, this massive townhouse presents an extraordinary opportunity due to its significant size and potential. This historic property, sprawling over approximately 500 square meters, boasts around 18 bedrooms and 3 bathrooms, making it ideal for a variety of ambitious projects.
While it requires a full renovation, the possibilities are vast. Its substantial space and charming terraces, which offer picturesque views of the town and surrounding mountains, enhance its appeal. With the right vision, this townhouse could be transformed into multiple apartments, a boutique hotel, or a cozy bed and breakfast, making it an attractive investment for developers or entrepreneurs.
The quiet yet central location ensures both convenience and tranquility, promising a blend of vibrant town life and peaceful retreat. This is a rare find with immense potential, waiting for someone to bring it back to life and unlock its full potential. Do not hesitate to contact us for more information and book your viewing now!
While it requires a full renovation, the possibilities are vast. Its substantial space and charming terraces, which offer picturesque views of the town and surrounding mountains, enhance its appeal. With the right vision, this townhouse could be transformed into multiple apartments, a boutique hotel, or a cozy bed and breakfast, making it an attractive investment for developers or entrepreneurs.
The quiet yet central location ensures both convenience and tranquility, promising a blend of vibrant town life and peaceful retreat. This is a rare find with immense potential, waiting for someone to bring it back to life and unlock its full potential. Do not hesitate to contact us for more information and book your viewing now!
Property Features
- 18 bedrooms
- 3 bathrooms
- 592m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,000€
Final Payment of 90% on completion
162,000€
Property Purchase Expenses
Property price
180,000€
Transfer tax 10%
18,000€
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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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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.