6 Bedroom Townhouse For Sale In Vélez-Málaga
€480,000€797/m²
Andalusia, Spain
6
bedrooms
6
bathrooms
602 m²
interior
Townhouse
property type
6 days ago
listed
About this place
600 m² built on two floors + terraces Ground floor (325 m²) currently being used as a parking spaces with capacity for 9 cars and 10 motorcycles. It includes an old oil mill with well-preserved machinery, great historical value! Very well known in the community. First floor (277 m² + terraces) Prime location just 20 minutes from the beach and in the heart of the old town. Only 45 minutes from the airport. 10 minutes to the shopping centre. Local schools in the area. Scope for many different projects, such as a hotel, hostel, apartments. This is a blank canvas!
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
