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Ref: z489
Property marketed by Olvera Properties
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We are pleased to announce this wonderful property for sale, Historic Hillside, set in the old streets of the stunning Zahara de la Sierra, a very successful business used as a Casa Rural, with full licence and excellent reviews.
The house is the ground floor and basement floor of this Historic Hillside town house , beautifully decorated throughout, with light and bright living spaces , on the first floor is a welcoming reception room, with bedroom off , a terrace with lovely views the kitchen and bathroom complete this level. Downstairs there is a further two large bedrooms with gorgeous patio and bathroom as well as a cosy snug seating area, the property sleeps 7 people at around 20 euros per person per night.
Zahara is a very popular village for rental with people coming for weeks and weekends, the option to continue with this successful business would be a easy transition, being able to continue with any current bookings. the property could be split into two flats easily by adding a kitchen to the lower level too.
Floor Area: 156 meters
Bedrooms: 3
Bathrooms: 2
Property Features
- 3 bedrooms
- 2 bathrooms
- floor area 156 meters
- bedrooms 3
- bathrooms 2
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,500€
Final Payment of 90% on completion
112,500€
Property Purchase Expenses
Property price
125,000€
Transfer tax 10%
12,500€
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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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.