1 bedroom Commercial Property for sale in Madrid, Madrid, Spain

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Ref: Parking Madrid 8 ROI Year

Property marketed by JT Estates

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Special investor, let's sell an entire garage of 47 spaces with an operator who manages it and pays monthly rent
Which gives 7.7% annual ROI and which is exceptional for a parking lot

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Property Features

1 bedroom
1 bathroom
1,365m² Build size
Garage

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

176,500€

Final Payment of 90% on completion

1,615,500€

Property Purchase Expenses

Property price

1,795,000€

Transfer tax 6%

107,700€

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:

1,795,000€

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%.