3 bedroom Villa for sale with countryside view with Income Potential in Benamocarra, Andalucia
Located close to the village of Benamocarra and the country town of Velez Malaga, this is an ideal for project for anyone wishing to acquire a country house close to the coast where it is possible live in and renovate at the same time.
The 2.5 acre plot comes with approximately 350 avocado trees, most of which are mature and productive, on two flat levels.
In amongst the avocados, the current owners have an above ground pool, for the family to enjoy in the summer.
There are 2 wells, one aro...
Located close to the village of Benamocarra and the country town of Velez Malaga, this is an ideal for project for anyone wishing to acquire a country house close to the coast where it is possible live in and renovate at the same time.
The 2.5 acre plot comes with approximately 350 avocado trees, most of which are mature and productive, on two flat levels.
In amongst the avocados, the current owners have an above ground pool, for the family to enjoy in the summer.
There are 2 wells, one around 33m under ground, and the other around 80m, providing a reliable and steady supply of irrigation water.
There is so much water that there is no need to pump the water into a water storage deposit: the owners pump the water directly from the wall to the trees.
Over the recent droughts, they have had no shortage of water.
The house consists of a very large covered terrace area. From here, double doors lead into a hallway (3 x 2.5m). To either side is a bedroom (each around 4 x 2.5m) with windows to the front.
An archway from the rear of the hallway leads into a living room (4 x 3.5m). A window immediately to the rear overlooking the courtyard to the back, could be replaced with double doors leading out to the courtyard.
To the right is the kitchen (3 x 3m) and to the left of the living room is an additional room (4 x 3.5m) and double doors from this room to a bathroom (2 x 1.5m) and a store room (4 x 3m).
Doors also lead out to the courtyard.
The house needs some renovation, but is habitable and has some lovely original features, such as beams and high, sloping cane ceilings, and old walls, alcoves, etc.
The patio courtyard is around 6 x 9m, with a side door leading out to the front of the property.
Around the far sides of the terrace are semi open outbuildings, used once for animals and mules, making a total of around 50m2 of covered areas, possibly convertible into extra living accommodation, or covered areas in the patio.
To the side of the property is a large parking area and a track leading up to the upper level of the plot.
The current owners make around 10,000 EUR of income from the avocado crop annually.
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This Villa is located in Benamocarra 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.