A town in Zamora for sale: 44 houses, hotel, swimming pool and school for 580,000 euros

Among the options available for emancipation, there are many who think about an apartment, a house… but few think that for the same as the cost of a newly built villa in some areas of the Community of Madrid, such as in Alcalá de Henares . , you can also buy an entire town. This town in the province of Zamora is on sale for the second time in less than two years. After being purchased for 300,000 euros and carrying out a partial rehabilitation, the town once again hangs the ‘For Sale’ sign, although the price has increased slightly since the last acquisition.

Salto de Castro is a town located next to the Castro dam, the lowest part of the conical geographical depression like Arribes del Duero. Originally, the town was built to house the families of the workers who worked building the dam, but it was abandoned in 1989. The Civil Guard post that was there and the employees in the area were moved so Its streets were empty.

A year ago, when the town was sold, Óscar Torres took ownership in exchange for 300,000 euros. A comprehensive rehabilitation project for the town was prepared and all the cadastral paperwork with the Administrations was ordered. Now, he is putting it up for sale for 580,000 euros, doubling the 2022 sale price.

What is Salto de Castro like, the town of Zamora for sale?

The town was acquired in 2000 by a family that sought to create a rural tourism area. However, the project was cut short with the economic crisis of 2008 and they proceeded to manage its sale. The town is made up of 44 homes, of which five are independent. In addition, it has a bar, church, school and even an inn with 14 rooms.

Salto de Castro also has, among the buildings on its streets, a Civil Guard barracks, a swimming pool and sports areas. A complete pack to make this town a perfect rural destination.

The current owners detail to idealista that the person who takes over the town will have access to state subsidies and subsidies from the Junta de Castilla y León. These financial aid can reduce the costs of rehabilitation of the area and, therefore, reduce the total cost of the investment necessary for its development.

Currently, as Idealista relates, the town has two possible buyers: one from Saudi Arabia and the other from the United States. The investment to have the town 100% operational and have benefits would only cost, as its owners detail to Idealista, about 2 million euros.