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Property marketed by ExtremaCasa
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A very large property (1,800 sq m) right in the heart of the ancient old town of Trujillo, very close to the Plaza Mayor. Originally the home of the Bishop of Plasencia this historic building dates back to the 15th and 16th centuries and consists of three storeys; the ground floor has been fully renovated, the first floor partially and the second floor needs fully renovating although it has a new roof. The already renovated part consists of living rooms, 6 bedrooms, 5 full bathrooms and two kitchens.
The owners’ original plan was to convert the property into separate apartments; this can still be done but it would also make a great boutique hotel with public rooms and around 14 bedrooms depending on the architect’s design. The building's character and proximity to the Plaza Mayor would ensure this could be a very profitable business investment and there is the possibility of obtaining grants to help with the cost of conversion. This property is clearly not for most of our buyers but if this project could be of interest to you please contact us and we will send you more photos and floor plans (which we are currently awaiting from the owners).
The owners’ original plan was to convert the property into separate apartments; this can still be done but it would also make a great boutique hotel with public rooms and around 14 bedrooms depending on the architect’s design. The building's character and proximity to the Plaza Mayor would ensure this could be a very profitable business investment and there is the possibility of obtaining grants to help with the cost of conversion. This property is clearly not for most of our buyers but if this project could be of interest to you please contact us and we will send you more photos and floor plans (which we are currently awaiting from the owners).
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
39,500€
Final Payment of 90% on completion
382,500€
Property Purchase Expenses
Property price
425,000€
Transfer tax 10%
42,500€
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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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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