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Property marketed by ExtremaCasa
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A former restaurant & bar situated in a stunning location. The main building measures 350m2 and is set in 1.5 hectares of land (3.75 acres) overlooking the River Alagón. This is a conversion project and would make a beautiful house either for holiday use or permanent residence.* Potential for four bedrooms* Living room with fireplace* Large shady terraced area overlooking the River Alagón* Opportunities for sailing and birdwatching* 40m2 kitchen area* Outdoor pool* 5 km from the village of Ceclavin* 12km from the Portuguese border* 40km from Monfragüe National Park.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,000€
Final Payment of 90% on completion
198,000€
Property Purchase Expenses
Property price
220,000€
Transfer tax 10%
22,000€
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.