El Socorro, Breña Baja, La Palma

A great property with the charm of old well preserved houses, for residential or touristic use LOCATION:

• Municipality of BREÑA BAJA
• Locality of EL SOCORRO
• Residential use or touristic use possible
• ca. 100 m above sea level

DESCRIPTION:

• Great investment opportunity for touristic business

- The property has in total approx. 5.800 m² - Single storied dwelling house of approx. 170 m² overbuilt space

• 1 living room
• 1 kitchen
• 4 rooms
• 1 bathroom

- Shed

• 2 rooms

- Irrigation water tank - Agricultural outbuildings GENERAL CONDITION:

• The house needs an overall restoration

BUILDING MATERIALS:

• Plastered stone walls
• Wooden roofs with tiles
• Ceramic floor tiles
• Doors and windows of wood

SUPPLIERS:

• Irrigation water
• Town water connection
• Electricity nearby
• Telephone connection nearby

INVENTORY:

• Furniture and equipment partially included

GROUND: The property has approx. 5.800 m²

• There is the possibility of acquiring more adjoining land
• Ground: levelled into terraces
• Fully worked Land
• Fruit Trees
• Flowers
• Good farmland
• Vegetable garden

ROAD COMMUNICATION:

• Entrance directly from the road
• Good road connections to anywhere

DRIVING DISTANCES:

• Santa Cruz in about 5 minutes
• Breña Baja in about 2 minutes
• Breña Alta in about 7 minutes
• Los Llanos in about 40 minutes
• El Paso in about 30 minutes
• Beach approx. 5 minutes
• Supermarket approx. 3 minutes
• School in about 4 minutes
• Health center in about 4 minutes
• Hospital approx. 10 minutes
• Airport in about 5 minutes

MORE INFORMATION:

• Fantastic location
• Quiet city district
• Ideal for a large family
• Rural area, yet centrally located
• Beautiful view that can’t be obstructed
• Ideal for gardening
• Touristic use allowed
• Shops, pharmacies, schools, etc. are within walking distance

A TOURIST AREA WITH A LOT OF FUTURE ON THE ISLAND, A GOOD INVESTMENT! ---------------------------------------------------------- ADDITIONAL COSTS WHEN BUYING A PROPERTY: Every purchase of real estate causes additional costs to the stated selling price, generally in the range of 10 to 11%. These expenses are usually the following:

• the land transfer tax: 6.5% of the purchase price
• the costs of land registration
• the notary fees
• the costs of changing ownership in the cadastre
• the real estate agency’s professional fees: 3% (minimum 1,800 euros, IGIC not included) on the real selling price

Additional costs and variations to be considered:

• the mortgage costs, in the case of financing the purchase
• If the seller is a promoter, there is no land transfer tax to pay, but 7% IGIC plus 1% for documented juridic acts tax, of the purchase price