Income Producing 4 bedroom Farmhouse for sale with panoramic and sea views in Velez Malaga, Andalucia
This is a great opportunity to take over a business bringing in a reasonable income in the heart of the avocado and mango growing valley of Velez-Malaga.
This is a property not suitable for those looking for a holiday or retirement home, rather for someone looking to take over an active business, that requires hard work in often extreme conditions, and someone who is willing to renovate or complete a house that is more or less currently an open book.
There is ample potential with...
This is a great opportunity to take over a business bringing in a reasonable income in the heart of the avocado and mango growing valley of Velez-Malaga.
This is a property not suitable for those looking for a holiday or retirement home, rather for someone looking to take over an active business, that requires hard work in often extreme conditions, and someone who is willing to renovate or complete a house that is more or less currently an open book.
There is ample potential with the possibility of combining the farm with perhaps a yoga retreat or similar.
Situated just 5 or 6 minutes from the historic town of Velez-Malaga and within an easy 10 to 15 minutes from the coast, at the lovely seaside town of Torre del Mar.
It is also well within an hour of Malaga and the airport.
This property is not high up in the mountains but is very much in the down to earth countryside of the productive Velez-Malaga valley.
It is about a 15 minute walk from Trapiche village and several bar/restaurants and one agricultural shop.
A private driveway leads into the plot, which is just over 23,000m2 in total, consisting of land on hills and on banks, planted fully with productive mango and avocado trees.
The crop brings in a good income, but anyone interested must bear in mind this is hard outdoor work.
The house, built in 2005, is on two floors, and consists of a lower floor of around 19 x 8m2 with one large space with a basic kitchen and a fireplace, plus one bathroom.
Upstairs is very much unfinished and is unrendered, and currently consists of one large room (around 13 x 8m) plus a large, partly covered terrace of around 6 x 8m.
There are views over the farm and a partial view of the sea.
It could be finished and adapted inside to suit individual requirements. There are also outbuildings made with simple breeze-block walls, probably consisting of around 70m2, currently divided into animal pens.
The property is connected to mains electricity and has its own legal well, producing around 2000L per day, stored in a 1 million litre water deposit which supplies land to the farm and the house.
The property pays council tax of around 950 EUR per year.
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This Farmhouse is located in Velez Malaga 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.