Income Producing 8 bedroom Villa for sale with sea view in Benajarafe, Andalucia
This superb property is currently used as a large, comfortable home. It is only 600m from the sea and has been expertly maintained to a high standard.
The 525m2 comprises of a light and airy 4 double bedroom apartment occupying the top 2 floors but still with road access, owing to the nature of the site. It also has 2 reception rooms, 2 bathrooms, a dining terrace and a roof terrace with pano...
This superb property is currently used as a large, comfortable home. It is only 600m from the sea and has been expertly maintained to a high standard.
The 525m2 comprises of a light and airy 4 double bedroom apartment occupying the top 2 floors but still with road access, owing to the nature of the site. It also has 2 reception rooms, 2 bathrooms, a dining terrace and a roof terrace with panoramic sea and mountain views.
There are 2 apartments on the first floor, both with 2 double bedrooms, generous living and dining areas and underfloor heating. They have their own private outdoor spaces and entrances.
A 160m2 area on the ground floor is used for a workshop, garage and storage, and has very good development potential.
The plot of 1,700m2 is surrounded by groves of olive and mango with fabulous panoramic views of the Mediterranean sea and the Tejeda and Almijara mountain ranges. The whole site is landscaped and well planted and there is approximately 600m2 of land for horticultural use which is partly planted with fruit trees.
There is a 9 x 4m swimming pool set in a large sunny terrace, a covered area used for car port, log store and water storage tanks, and other numerous storage areas.
Within the grounds are several further terraces, shaded walkways and many dining and relaxing areas plus a secure parking area for several cars.
The property is situated on the outskirts of Benajarafe, which is a coastal village on the Eastern Costa del Sol, 30 minutes drive from Malaga airport.
A short walk leads to a Blue Flag beach, shops and restaurants, yet the villa sits peacefully in the countryside.
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This Villa is located in Benajarafe 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.