Income Producing 5 bedroom Villa for sale in Alhaurin el Grande, Andalucia

699,000 EUR 601,140 GBP 754,920 USD

Reference: 244833

Bedrooms: 5
Bathrooms: 4
Floor Size: 391 m2
Plot Size: 809 m2

Features

Gym
Possible Extra Dwellings
Potential for Income
Existing Tourism Licence
Pool View
Parking
Garage
Walk to Amenities
Balcony
Terrace
Garden
Fruit Trees
Private Pool

Details

Wonderful opportunity to acquire a bright and spacious 3 bedroom villa with separate 2 bedroom guest house, set in beautiful landscaped garden with fruit trees and pool, ideally located near all amenities in Alhaurin el Grande.

On the ground floor is a spacious living and dining room that integrates perfectly with the open plan fitted kitchen, creating a welcoming and functional environment. There is also a guest WC plus a bedroom with a walk in wardrobe and private bathroom, which adds a touch of privacy and luxury.

Heading to the top floor, there are two additional bedrooms, both with built-in wardrobes and a bathroom with a bathtub.

From this floor, there is access to an open plan loft, currently used as a television room and gym, offering a versatile space that adapts to ones needs.

The property sits on a beautiful corner plot of just over 800m2, comprising a lush garden with numerous fruit trees along with a fantastic pool, a summer kitchen, bar and several terraces, one of the main terraces with automatic closing feature so one can use it during the winter months.

Additionally, there is a large garage that includes a utility area and another bathroom, adding an additional level of comfort and functionality.

This property offers even more via a guest house with tourist licence, comprising two bedrooms, bathroom, living room and a fully fitted kitchen. This not only provides convenience to visitors, but also the opportunity to generate additional income each month.

The villa is a real gem for a large family, with potential to generate additional income through the guest house with tourist license.

With its ample space, beautiful garden and all the amenities it offers, this home is an ideal place to enjoy life in Alhaurin El Grande.

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Spain Property Buying Guide

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.