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Exclusive - Situated in a central position in the beautiful Port of Mahon, this light and bright 1st floor apartment is perfect for both all year living or as a the perfect holiday home.Built in 1980, this 77m2 apartment comprises a light and bright entrance hallway, 2 bedrooms, modern bathroom, a lounge/dining room leading out to a sunny terrace, fitted kitchen and a laundry area. The apartment is being sold fully furnished and includes 2 air-conditioning units, 2 awnings, a private parking space and a beautiful communal swimming pool just for the residents of this complex.The apartment is just seconds away from the sea front and the beautiful boats and yachts that are moored there. The waterfront restaurants and shops are open night and day and Mahon city centre is a short walk or you can even take the glass lift. Mahon airport is a 10 minute drive.
Property Features
- 2 bedrooms
- 1 bathroom
- Swimming Pool
- near beach
- heating
- parking
- communal pool
- partly furnished
- close to medical facilities
- coastal
- close to restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
25,500€
Final Payment of 90% on completion
256,500€
Property Purchase Expenses
Property price
285,000€
Transfer tax 10%
28,500€
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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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.