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Ref: AG6137304

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We are pleased to offer for sale this amazing COMMERCIAL UNIT on La Finca Commercial Centre, Algorfa. This is a fabulous opportunity to take over the freehold of a well-run and established restaurant, which has one of the best positions on the whole of the commercial site. The restaurant has a great reputation which has been built up over several years by the current tenants. This opportunity is ideal for any investor, who has capital to invest, who’s main goal is to provide a regular monthly income, rather than looking at bank-based opportunities, with the added benefit of potential capital appreciation over time as well! All relevant paperwork is in order concerning this opportunity, which is available for 375,000 euros, so if this opportunity fits your goals, contact us now and complete an NDA/NCA and we will forward you more specific information about this exciting opportunity, such as costings, lease agreements and income – Thank you for looking!

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Property Features

0 bedrooms
0 bathrooms
Golf course
Mountain view
Alarm system
Veranda
Near amenities
Aircondition, Central system

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

34,500€

Final Payment of 90% on completion

337,500€

Property Purchase Expenses

Property price

375,000€

Transfer tax 8%

30,000€

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.

Mortgage Calculator

Mortgage Amount:

375,000€

Deposit:

€

Interest Rate:

Period:

Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.