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Property marketed by The Property Group
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This beautiful 2 star hotel is situated in a spectacular elevated position, near the town of Valle de Abdalajis and has 20,000m2 of land It is only 50kms from Malaga city and has all its operating licenses The hotel is divided into 2 houses each with 4 double rooms In total 32 people can be accommodated Each room is equipped with 2 double beds, 2 single sofa beds and a bathroom In each room there is individual power, gas heating, TV and internet connection The reception area leads to a restaurant and bar The restuarant is a round shape with a central fireplace/BBQ and the opportunity to build a large terrace The bar is fully equipped (60 m2) and has a semi professional kitchen Above the bar is the owners living accommodation which offers a large living/dining room with open plan kitchen, 2 bedrooms and a spacious bathroom The main bedroom has a beautifull view to "El Torcal" mountain Along from the bar and restaurant is a 5 x 8 meter swimming pool with stunning views of the National Park On the estate there are stables for 12 horses and ample room to stock saddles, etc There is also the possibility to create a paddock There is permission to construct another building to offer a further 4 bedrooms which would enhance the potential of the Hotel The location of the Hotel makes it an ideal place for various activities such as paragliding, hiking, climbing, etc A fantastic opportunity to own a business in Andalucia
Property Features
- 10+ bedrooms
- 9 bathrooms
- 260m² Build size
- 20,000m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
76,900€
Final Payment of 90% on completion
719,100€
Property Purchase Expenses
Property price
799,000€
Transfer tax 10%
79,900€
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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