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Property marketed by ExtremaCasa
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A great opportunity to create a rural tourism project set in 13 hectares (more than 32 acres) of great land with wonderful views in this beautiful part of Extremadura, close to the border with Portugal. 4 cottages surrounding a central courtyard; one of the cottages is habitable now, the other three need restoration. These could easily provide three rental cottages plus one for the owners, totalling around 350 sq m., and already have mains electricity connected. In addition there are lots of olives (approx 200) and other fruit trees and vines and with that amount of land your rural tourism project could easily be self sufficient.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
17,995€
Final Payment of 90% on completion
188,955€
Property Purchase Expenses
Property price
209,950€
Transfer tax 10%
20,995€
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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