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Ref: TPG420
Property marketed by The Property Group
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PRICE REDUCED FROM 950000This fantastic property dates back to the early 1900's and isa 30 bedroom home which over the years has served as agrand family home and in recent years a rehabilitationhome for youths with drug & drink addiction.The property benefits from a current modernised 5-bedroomhouse with 2 bathrooms (refurbished by the current owners2020-2023). 100000m² plot (10 hectares / 25 acres) of extensive groundsincluding horse stables, swimming pool, tennis court, storagewarehouse and much more.The property has lots of potential uses to include: Grand family home / FarmRehabilitation centreLuxury spa-retreatBoutique hotelSports facility for young children/adultsSmall private education centreThe property will require some extensive construction andrefurbishment works, subject to potential future use but weestimate (via our sister construction company) that around500-750,000€ spent would suffice to suit most projects,once complete the new owners would benefit from an initialcapital gain from the works, plus any potential business opportunity. ~
Property Features
- 30 bedrooms
- 0 bathrooms
- 100,000m² Plot size
- Additional property included
- Exclusive location
- Fantastic investment for letting to large groups
- Underfloor heating
- Wooden shed
- Solarium
- Restaurant on site
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,500€
Final Payment of 90% on completion
625,500€
Property Purchase Expenses
Property price
695,000€
Transfer tax 8%
55,600€
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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