Land for sale

Land for sale

Alhama de Granada, Granada
138,000
 
1 / 1

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Ref: 708244
Property marketed by Girasol Assen B54983077
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Superb investment opportunity in Alhama de Granada. This great project has come onto the market offering an opportunity to build a single storey country house located in a much sought after location with three-hundred-and-sixty-degree mountain and countryside views.

Planning permission has recently been granted to construct a holiday home which will sit at the head of this impressive plot which has good access and situated just a five-minute drive from the centre of Alhama de Granada a two-minute drive from the hotel/restaurant El Ventorro and the restaurant/swimming pool of Pata Loco. (can be walked in fifteen minutes). The plot of land is 34,708 m2 in total. It has an area of 29,180 m2 which has, in the last two years been cleared and planted with 500 olive trees. Within another two years these young trees will be producing good ‘Hojiblanca’ olives, which will provide an income for the project. At the bottom of the olive grove the land actually extends down into a small valley where the additional five and a half thousand square metres are located. This part of the land is quite steep but provides additional boundary space between this plot and adjoining land a great natural run off for rain water. In the top left-hand corner of the olive grove a flat area has been created to build a single storey country house. The planning consent of a maximum of 150 m2 of build with 130 m2 for the accommodation and 20 m2 for covered terracing. The current plans are for a two-bedroom (both en-suite) property with a large open living area which also has a small bathroom. The property has been designed to be oriented towards south west from the front elevation and north east from the rear elevation providing the best of the outstanding views in both directions. The mountains of the Sierra Almijaras, including La Maroma to the front and the mountains of La Parapanda and Sierra Elvira, plus the natural gorge of Alhama to the rear. This elevated platform for the house currently sits on a private water well which sits 203 metres below ground. The water pump is currently powered by solar panels and produces around 1,200 litres per day which is pumped up to the highest point of the land where it is stored in a holding tank of 25,000 litres. The water supplied from the pimp can then be gravity fed from the tank to the new house and also down through the land to the bottom of the land to a second larger flat area which is fully fenced and gated. This area has been designated for a large barn/workshop of 600 m2 and consent for this structure has also been granted within the current permission. This building has a separate gated access from the bottom corner of the land and could also provide a revenue stream if rented for storage etc. Once building works are complete the existing solar panels will be added to and moved to the right-hand side of the building plot where they will produce a total of 17 kw of electricity and the structure will provide a covered car port. (It would also be possible to bring mains electricity onto the land, however the current owners wanted the plot to have as low a carbon footprint as possible. The current planning permission does not allow for permanent residential living in the property but it has been granted to assist rural tourism in the Alhama area which already attracts huge numbers of cyclists, walkers, bird watchers, artists and writers all of who we are sure would love to rent a fabulous holiday home in such an amazing location. This wonderful tourism project, along with a purchase of a separate owner’s home in the area could be ideal for a client looking to fulfil the criteria of the current ‘Golden Visa’ status within Spain. The asking price includes the land. Well, all water tanks and the permissions to build. Full copies of the planning consent and further details can be provided for serious enquiries.

Property Features

  • View Video Tour
  • 0 bedrooms
  • 0 bathrooms
  • 34,708m² Plot size

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,800€
Final Payment of 90% on completion
124,200€
 
Property Purchase Expenses
Property price
138,000€
Transfer tax 10%
13,800€
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:
138,000€
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Interest Rate:
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* 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%.

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