29 bedroom Commercial Property for sale in San Pedro de Alcantara, Málaga, Spain

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Ref: 428-02875P

Property marketed by Selection Med

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This charming family-run hostel is ideally situated in one of the best locations along the San Pedro de Alcántara boulevard, just steps from the beach. With its unbeatable proximity to the sea, this property is a highly attractive choice for tourists year-round.

Property Features:

Spacious Accommodation: The hostel offers 29 comfortable double and triple rooms, providing flexible lodging options for families, groups, and solo travellers.
On-Site Restaurant: The property includes a restaurant with a separate entrance from the street, adding to its appeal as a destination for both guests and locals.
Recent & Planned Renovations:

Recently Renovated: The hostel was updated this summer, enhancing the overall guest experience and comfort.
Future Refurbishment: A comprehensive refurbishment project is scheduled for next year. Some images show design concepts of how the property will look after this renovation, offering a glimpse of its future potential.
This hostel represents a fantastic opportunity to invest in a well-located hospitality property with strong appeal for visitors in San Pedro de Alcántara. Contact us today for more details and to arrange a viewing.

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Property Features

29 bedrooms
0 bathrooms
530m² Build size
125m² Plot size
South-east orientation
Amenities near
Transport near
Air conditioning
Close to sea / beach
Renovation Needed
Close to town
Close to restaurants

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

287,000€

Final Payment of 90% on completion

2,610,000€

Property Purchase Expenses

Property price

2,900,000€

Transfer tax 10%

290,000€

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.

Mortgage Calculator

Mortgage Amount:

2,900,000€

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

Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.