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Ref: NTH005
Property marketed by Competa Properties S.L.
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Embark on an extraordinary investment journey with this remarkable property offering endless possibilities in the heart of Nerja. Spanning an expansive plot of over 240 m2 and nestled on a prominent artery near the Theatre/Cinema, this is an unparalleled opportunity to reimagine a grand residence or cultivate a lucrative business venture. Envision restoring this majestic structure to its former splendor, crafting a magnificent home steeped in history and charm.
The current layout beckons with a grand entrance hall leading to a spacious bedroom, a lounge adorned with soaring ceilings, a dining room, and a generously sized kitchen opening onto a delightful patio garden flourishing with possibilities. A garage, rooftop terrace, and additional bedrooms on the first floor further enhance the allure of this nostalgic abode.
Alternatively, unleash your entrepreneurial spirit and explore the potential for a lucrative business endeavor. With the option to demolish and rebuild, envision a ground floor plus two or three levels facing both East and West, maximizing the space for apartments, a boutique hotel, or hostel. Accessible from two roads, ample parking facilities could be incorporated on the ground floor, ensuring convenience for residents or guests.
The maximum building volume allows for approximately 900+ m2 of meticulously designed space, offering the potential for multiple apartments or hotel rooms, each exuding luxury and comfort. Whether you choose to preserve the historic charm or embark on a visionary development project, this property presents a rare and unparalleled opportunity for discerning investors.
While renovation may entail a substantial investment, the rewards of owning a prestigious property in the heart of Nerja are immeasurable. Seize this one-of-a-kind opportunity and unlock the full potential of this remarkable investment project.
Don't let this unique opportunity pass you by. Contact us today to arrange a viewing and begin your journey towards realizing the full potential of this exceptional property
The current layout beckons with a grand entrance hall leading to a spacious bedroom, a lounge adorned with soaring ceilings, a dining room, and a generously sized kitchen opening onto a delightful patio garden flourishing with possibilities. A garage, rooftop terrace, and additional bedrooms on the first floor further enhance the allure of this nostalgic abode.
Alternatively, unleash your entrepreneurial spirit and explore the potential for a lucrative business endeavor. With the option to demolish and rebuild, envision a ground floor plus two or three levels facing both East and West, maximizing the space for apartments, a boutique hotel, or hostel. Accessible from two roads, ample parking facilities could be incorporated on the ground floor, ensuring convenience for residents or guests.
The maximum building volume allows for approximately 900+ m2 of meticulously designed space, offering the potential for multiple apartments or hotel rooms, each exuding luxury and comfort. Whether you choose to preserve the historic charm or embark on a visionary development project, this property presents a rare and unparalleled opportunity for discerning investors.
While renovation may entail a substantial investment, the rewards of owning a prestigious property in the heart of Nerja are immeasurable. Seize this one-of-a-kind opportunity and unlock the full potential of this remarkable investment project.
Don't let this unique opportunity pass you by. Contact us today to arrange a viewing and begin your journey towards realizing the full potential of this exceptional property
Property Features
- 6 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
83,000€
Final Payment of 90% on completion
774,000€
Property Purchase Expenses
Property price
860,000€
Transfer tax 10%
86,000€
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%.
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.