Building Plot with Garden Potential in El Toro
€425,000€2,500/m²
2
bedrooms
1
bathroom
170 m²
interior
522 m²
plot
Land
property type
7 Jun 2026
listed
The Habio take
AI summaryThis 522 m² plot in El Toro offers an excellent opportunity to build a local commercial space with a flat above, complete with a roof terrace and garden. Nestled in a vibrant area, it is within walking distance to the picturesque Port Adriano.
- investment
- garden
- walkable
- coastal
Highlights
- 522 m² plot size
- Potential for commercial and residential development
- Walking distance to Port Adriano
- Good-sized garden space available
- Opportunity for a roof terrace
Worth knowing
- No building licence currently available
- Buyer may need to navigate local planning regulations
Good fit for: Ideal for investors or developers looking to create a mixed-use property.
Lifestyle scores
- Beach
- 60
- Walkable
- 80
- Remote work
- 50
- Family
- 45
- Retirement
- 50
- Airport access
- 70
- Investment
- 75
- Luxury
- 55
- Value
- 65
About this place
Plot for sale in the main street of El Toro, possibility to build a local with flat on the upper floor with roof terrace and good size garden. Walking distance to the port and ideal location.
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.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
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
