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Ref: CJ731
Property marketed by Inland Andalucia
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Traditional Molino, Flour Mill, that has been converted into this two storey property which is separated in two parts, the ground floor has been partially reformed with a good size lounge diner with a huge original open fireplace that will heat the whole property, 3 good size bedrooms and a full family bathroom. The first floor is still home to some of the original machinery that would run the original Molino - mill to make flour for the bread. The property has retained many of its original features including beamed ceilings, thick walls, and many areas upstairs that would be used for storing the flour. This property also has a large garage which would be a great workshop with plenty of space for a least 2-3 cars and a fireplace in the corner. The property has good access and is located in the village of La Atalaya which is only a 5 minute drive to the town of Villanueva de Algaidas in the Malaga province of Andalucia which has a great infrastructure.
Property Features
- 3 bedrooms
- 1 bathroom
- 219m² Build size
- 198m² Plot size
- Charming Property
- Fireplace
- Fitted Kitchen
- Full of Character
- Off Road Parking
- Private Garage
- Renovation Needed
- Spectacular views
- Storage Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,900€
Final Payment of 90% on completion
71,100€
Property Purchase Expenses
Property price
79,000€
Transfer tax 10%
7,900€
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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