Income Producing 2 bedroom House for sale with countryside view in Coin, Andalucia
This beautiful property produces a reasonable income and is a fully registered supplier. The farm is in an excellent location both for its beauty and the fact that it is third in line from the water source, provided by the ancient 'acequia' system (irrigation channels). It also borders a river along one side, meaning that the land offers particularly fertile soil.
There are 500 fruit trees with plenty of additional space for planting further trees. Currently, the majority of ...
This beautiful property produces a reasonable income and is a fully registered supplier. The farm is in an excellent location both for its beauty and the fact that it is third in line from the water source, provided by the ancient 'acequia' system (irrigation channels). It also borders a river along one side, meaning that the land offers particularly fertile soil.
There are 500 fruit trees with plenty of additional space for planting further trees. Currently, the majority of the trees are productive avocados (hass, fuerte, bacon types) which are traded and exported, but there are also many other trees for home use, including oranges, lemons, mangos, almonds, olive, nispero, plum, chirimoya, kaki, guanabana, papaya and a few other exotics. The avocado trees are between 2-20 years, meaning that most are in production, with the younger plants coming up for productive life shortly.
The mountain at the top portion of the finca has beautiful views and in this area there are almond, olive, and fig trees. Pathways for a car lead up and down to the various terraces for fruit collection.
Finca San Roman is actually made up of two farms. Farm 1 has 25,000m2 of land with a store and chicken coup, a 100,000 L open water reserve plus a 150,000 L pool, used for recreation and irrigation, next to the house.
Farm 2 consists of around 11,000m2, with its own gated entrance, a 325,000L water reservoir for the water from the acequia, an irrigation management room for controlling the irrigation around the farm.
There is also an electricity line ready to supply an additional house, which, according to the owners, the local authorities would permit.
The house, located in the centre of the property, consists of around 57m2, and is made up of a living room, kitchen/laundry room and pantry, 2 bedrooms and 1 bathroom. It is a quiet location, given that the property is located at the end of the track, meaning that there are no cars or vehicles passing by anywhere close and there are no near neighbours.
The kitchen is newly installed with new stainless steel appliance and there is new flooring, lighting, fans, and windows with fly screens and roller blinds. Likewise the house has a new, insulated security door and a new 100L electric water heater.
The front of the house has a "rancho" style porch of 25m2 with an outdoor barbecue. Attached to the rear of the house is a 25m2 storage room which could be converted into a master suite with bathroom, a very useful addition to the house, converting it into a 3 bedroom, 2 bathroom home.
Near the house is an additional outside store room (around 8m2) that is currently used as an office and extra bedroom for guests. There is also a garage of 25m2 for 2 cars next to the house.
A very lovely property, offering a new and exciting life opportunity to its new owners.
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This House is located in Coin in Spain
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Buying a Property in Spain
1. Putting down a Holding Deposit
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.
2. Setting up a Pre-agreement (Contrato privado de compraventa)
The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.
3. The Contract (Escritura de compraventa)
Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.