7 bedroom Farmhouse for sale with panoramic view with Income Potential in Riogordo, Andalucia
9 acres of glorious land with gardens, pool and olive trees, enjoying far reaching countryside views from its peaceful location near Riogordo.
This unique complex consists of a huge, useable plot, with a main house (200 years old and in immaculate condition), a guest house (also 200 years old), two huge workshops, a vegetable and potting area with potting building, two large containers on their own area, ideal for conversion into living units with electricity, water and a septic tank connected, a large chicken house and magnificent, panoramic views.
There is a 10 x 5m pool and a walled pool terraced garde...
9 acres of glorious land with gardens, pool and olive trees, enjoying far reaching countryside views from its peaceful location near Riogordo.
This unique complex consists of a huge, useable plot, with a main house (200 years old and in immaculate condition), a guest house (also 200 years old), two huge workshops, a vegetable and potting area with potting building, two large containers on their own area, ideal for conversion into living units with electricity, water and a septic tank connected, a large chicken house and magnificent, panoramic views.
There is a 10 x 5m pool and a walled pool terraced garden.
The main house consists of 4 bedrooms and 3 bathrooms, the workshops, a huge covered parking area and the pool area. It has many rustic features from the original house and is perfectly combined with modern additions.
The guest house has 2 to 3 bedrooms and one bathroom with scope for a second bathroom, and its own gardens.
The complex has mains electricity and water, but is self sufficient with its own vast array of photovotaic solar panels, and there are water storage tanks for mains water and rain water, collected from a guttering system, holding 60,000L of water in total.
Ideal for anyone looking to run a business, perhaps combining several economic activities.
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This Farmhouse is located in Riogordo 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.