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Blanco Estate, Near Seville, Spain

Price on Application

Incorporating two main houses, servant quarters and agricultural dwellings this country residence is set on a plot of 1000hectares within the natural countryside of the Andalucian capital of Seville.

The stately manor comprises a total area of 2140m2, with 1072 built metres, 223m2 of loggia and a stunning inner courtyard with fountain of 224m2. It boasts an elegant design adorned with exquisite materials and a clever lay out with vast open spaces and high ceilings, creating a special living ambiance.

The Andalusian Mansion has a total of 1999m2, with 1343m2 built metres, and also features an inner courtyard of 656m2.

Other buildings include four + five warehouses comprising a total of 3830m2, an old Andalusian mansion of 375m2, an office, clinic workshop and stables distributed over 3865m2, La Grulla of 225m2, 480m2 of servants quarters and an embryo transfer centre of 250m2.

The exterior of the estate is particularly impressive with vast landscaped grounds, 18km of internal roads, five water reservoirs, 23 water wells and 50 hectares equipped with irrigation system. The estate also features 500 suckler cows and a high population of big and small game for hunting. All the machinery used by the agricultural holding is in good condition, also comes with nine tractors, which are all included in the sale.

HUGE ANDALUSIAN HUNTING ESTATE WITH LUXURIOUS MANSION 34 KM AWAY FROM THE CITY OF SEVILLE HIGH POPULATION OF BIG AND SMALL GAME HUNTING GORGEOUS MANOR WITHIN THE COUNTRY ESTATE TWO FURTHER BUILDINGS: ANDALUSIAN MANSION AND SERVANTS’ QUARTERS AGRICULTURAL MACHINERY IN EXCELLENT CONDITION, 9 TRACTORS INCLUDED EMBRYO TRANSFER CENTRE 5 WATER RESERVOIRS 23 WATER WELLS 50 HA WITH IRRIGATION 500 SUCKLER COWS WAREHOUSES OFFICE, CLINIC WORKSHOP AND STABLES

Please be aware prices may vary due to fluctuations in the exchange rate

BUYING IN SPAIN

As you would expect, Spain has a well-established mechanism for buying property.

  • If you’re an EU citizen, buying is straightforward. If you are not, check whether certain restrictions apply to you (such as the time you can spend in Spain).
  • All property transactions in Spain are overseen by a Notary. He/she is there to validate the paperwork, check all necessary taxes are paid and register the property with the Spanish Land Registry. However, it is not the Notary’s role to give you legal advice or represent you.
  • Appoint a fully independent lawyer who speaks your language as well as Spanish, and who has no connection to the selling parties. The local town hall, the nearest British Embassy or online research can help you find one. Your lawyer will check that you are buying from the legal owner; whether there are existing mortgages on the property; if it complies with building regulations; and if there are developments that might affect you.
COSTS

In addition to the purchase price, buyers should allow a further 10-15% for additional fees and taxes. These may include:

  • Your proportion of the Notary’s fees, according to a tariff set by law. Allow for a sum of 0.5% – 1% of the price declared in the deeds.
  • The fees of your ‘abogado’ (your own lawyer). These will depend on the complexity of the purchase, but €1500 - €3000 is a guide figure.
  • The Land Registry fee of around 1% of the sale value.

 

A local capital gains tax, reflecting the gain in value of the property when it is sold, is paid by the seller. However, if that seller is non-resident in Spain and fails to pay it, be aware that the burden can fall on you as the buyer.

ONGOING COSTS

Routine costs and charges of owning a property in Spain include:

  • A property ownership tax (the ImpuestoSobreBienesInmuebles (IBI)). This local tax is charged at between 0.4% and 1.1% of the valorcatastral. The good news is that this is based on the administrative value of the property, which is frequently lower than the market value.
  • A wealth tax. For non-residents, there is a tax to pay on assets you own in the country. This starts above a threshold of €700,000 per person.
  • Personal Income tax. If you’re a non-resident and you don’t receive rental or any other income in Spain, you pay one-quarter of the 2% of the valorcatastral. If you are a landlord, allow a tax bill of about 25% of the gross income.

If and when you come to sell, Capital Gains Tax (Impuesto de Plusvalia) will apply. At the time of writing, this stood at 19%.

Please note: This article reflects Aylesford’s current understanding of property legislation in Spain and the Balearic Islands. It is offered for general guidance only; specialist legal and tax advice should always be taken for any property transaction.

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