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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 is a 30 bedroom home which over the years has served as a grand family home and in recent years a rehabilitation home for youths with drug & drink addiction.The property benefits from a current modernised 5-bedroom house with 2 bathrooms (refurbished by the current owners 2020-2023). 100000m² plot (10 hectares / 25 acres) of extensive grounds including horse stables, swimming pool, tennis court, storage, warehouse and much more.The property has lots of potential uses to include: ~Grand family home / Farm~Rehabilitation centre~Luxury spa-retreat~Boutique hotel~Sports facility for young children/adults~Small private education centreThe property will require some extensive construction and refurbishment works, subject to potential future use but we estimate (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 initial capital gain from the works, plus any potential business opportunity.
Property Features
- 30 bedrooms
- 1 bathroom
- 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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