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Ref: HP97835A
Property marketed by Hot Property Spain
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Opportunity! Bar/restaurant/guest/house for sale, situated in Vergel and in full operation. Property consists of: bar area, industrial kitchen, interior dining room, large covered terrace with another bar, toilets. Internal staircase or external access to first floor, where the pension is located. This consists of an independent apartment, comprising: entrance hall, living-dining room, 3 bedrooms, two bathrooms and an independent kitchen. There is also 5 double rooms with their own bathroom, laundry and a separate bathroom. At the back is the largest room, for 4 people, with access to the balcony and en-suite bathroom. The property is located close to all services. 2 km from Vergel and Deveses beach. HP97835A
Property Features
- 8 bedrooms
- 8 bathrooms
- 720m² Build size
- 830m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
196,000€
Final Payment of 90% on completion
1,791,000€
Property Purchase Expenses
Property price
1,990,000€
Transfer tax 10%
199,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.