Property #1567

owners description: The land area is just under 4,000 sq metres. The total floor area, ground and first floor is approximately 246 sq metres - full architect´s plans are available. All rooms are in excellent decorative order the ground floor having been redecorated recently. ground floor the entire ground floor has the attractive traditional Murcian arched wooden beamed ceilings with "terrazzo" tiling on the floors. Traditional wooden entrance door leading into hallway off which there is the following: - second lounge - (could be used as a further double bedroom) - sq m STUDY/office - sq m including en-suite. This office was a disabled bedroom previously so still retains the en-suite with shower and toilet with fittings for the disabled. this then leads to the lounge - a lovely traditional sq m room with inglenook stone fireplace with large wood burner and door to terrace with grape vine over. Off the lounge there is a further hallway leading to storage room/STUDY/office - sq m toilet with handbasin A large walk-in larder - 4.0 sq m. Previously this was a toilet and shower room and with services still connected could easily be converted back to toilet/shower room. kitchen/dining room - A bright south facing room of sq metres with new kitchen cabinets&worktops. The stairway off the lounge leads to the first floor there are five double bedrooms, all en-suite. All rooms have wall mounted heaters and smoke alarms. All rooms are light and airy with high beamed ceilings. Rooms 1&2 are a very good size, Room 3 is a double but a little smaller, Rooms 4&5 are large. Room 1 is sq metres, Room 2 is sq m, Room 3 is sq m, Room 4 is sq m and Room 5 is sq m. All Rooms have en-suite bathrooms of a minimum of 3 sq metres. First floor has separate access via stairs at rear of property. thinking of buying this to use as a b&B? A certificate, the original of which the owners have, was issued by Murcia Tourist Board to the previous owner of Hilltops. This allowed up to 10 guests to be accommodated when, what is now the second lounge was used as the owner´s bedroom. The bedrooms are all a very good size for a B&B. Every bedroom is on a separate power circuit enabling them to be easily isolated. Emergency evacuation plan signs available for the bedrooms along with fire extinguishers; twelve smoke alarms; emergency exit signs. All bedrooms have locks with two sets of keys. Metal fire escape at rear of property; lightening conductor and connections for emergency generator. The owners believe many of the above are required, by the authorities, to operate a B&B. exterior there is a large laundry room attached to the house. It also has an old wood-fired bread oven. There is a separate enclosed area where there are foundations built for a self-contained holiday let. Close to the house there is the vine covered terrace, a separate covered seating area with toilet and an outside kitchen with large wood fired oven, gas BBQ&griddle and a wood smoker. The pool area is totally enclosed and very private. In this area is a further outside kitchen, pool pump room, toilet and storage room and a further room with an outside bar. Since the owners purchased the property they have done a considerable amount of work to it but by the time it was ready to open as a B&B/guest house their health had deteriorated and they were unable to operate it as a business. The previous owner referred to it as a hotel and he had it registered with Murcia Tourist Board (as a Hospederia Rural) for 10 guests. The garden is fully enclosed by fencing, suitable for keeping a dog safely within the property. There are about 12 olive trees and a number of fruit trees. There is access to very cheap agricultural water for the garden. why this property is a bargain! Corvera International Airport is expected to open in the Autumn (2011). Paramount have announced there is going to be a massive theme park in the Murcia region, employing 20,000 staff and it is expected to attract 3 million visitors a year. In an area where there is little accommodation available this is an excellent time to think about running a guest house/B&B. For the above reasons property prices are expected to rise substantially in the Murcia region. The property is for sale at €399,000 and currently has a mortgage with about €87,000 outstanding. In Spain it is easy to take over an existing mortgage, so the owners would accept €312,000 if you wished to take over the mortgage. However, because this property is owned by a UK company, of which the owners are the sole shareholders, you are going to save a substantial amount of money if you purchase this property! Normally if you purchase a property in Spain the purchaser has to pay an 8% Transfer Tax but if buy the UK company from them (Hilltops is the only asset the company holds) you do not pay this Transfer Tax. Look at it another way - if your budget is €399,000 you could only afford a house costing €369,444 because when you add the 8% Transfer Tax that property is going to cost you €399,000, our selling price. So, you get better value for your money because all your money is going to purchase the property, not going in taxes, saving you nearly €30,000! Looking to buy an existing B&B business? When a business is sold in Spain there is 18% IVA to pay in addition to the Transfer Tax. They are not selling Hilltops as a business! Again if your budget is €399,000, if you were to buy a B&B business for only €313,100 when you add the IVA and the Transfer Tax that business would cost you €399,000 - our selling price for a much larger house than you would get for €313,000! Savings €85,000+ Or, go and buy an existing B&B business for €399,000, in addition to that purchase price you would pay over €100,000 in taxes! Alternatively, if you don´t like the idea of purchasing the UK company they are happy just to sell you the property and retain the company. The above is what we have been told by their lawyer but please do make an independent check with a lawyer that has experience of Spanish property owned by a UK company.