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Ref: TP072
Property marketed by Competa Properties S.L.
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Large plot of 89,000 m2 in the Manzano Bajo area, of Torrox, 10 minutes from the El Morche beach.
There are olive and almond trees. There is no water supply, nor an electricity connection, but there are electricity pilons closeby.
The ruined house can be renovated or more than one house can be built. A 250 m2 house is allowed for every 25,000 m2 of plot, as long as a distance of 100m from another house is maintained.
A blank canvas for your custom project.
There are olive and almond trees. There is no water supply, nor an electricity connection, but there are electricity pilons closeby.
The ruined house can be renovated or more than one house can be built. A 250 m2 house is allowed for every 25,000 m2 of plot, as long as a distance of 100m from another house is maintained.
A blank canvas for your custom project.
Property Features
- 0 bedrooms
- 0 bathrooms
- 113m² Build size
- 89,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
21,500€
Final Payment of 90% on completion
220,500€
Property Purchase Expenses
Property price
245,000€
Transfer tax 10%
24,500€
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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