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Ref: WG-40114
Property marketed by Stratus International Properties
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We are proud to present this fantastic investment property in the centre of Elda, Alicante. The property is a 4-floor building which consists of 3 ground floor commercial units, the 1st and 2nd floor are large open spaces of 180m2 each and the top floor is a large 180m2 apartment. An investor could easily convert this building into an apartment block with 5 or more apartments.
 The ground floor has a large commercial unit that is currently rented out and 2 smaller units that could be rented out or used as garages. The 1st and 2nd floor have their own entrance and could be converted into 4, 90m2 apartments with ease. The 3 floor again has its own entrance and lift. The top floor is a spacious 4 bed, 2 bath apartment with 2 living rooms, large kitchen, and large interior terrace perfect for entertaining.
 The building has a great location. It is close to schools, shops, bars, restaurants, and you’re all-round day-to-day amenities. Elda/Petrer is large city around 30 minutes inland from Alicante and is very well connected. There are bus routes, a train station and great access to the A31 Alicante- Madrid motorway. 
 The ground floor has a large commercial unit that is currently rented out and 2 smaller units that could be rented out or used as garages. The 1st and 2nd floor have their own entrance and could be converted into 4, 90m2 apartments with ease. The 3 floor again has its own entrance and lift. The top floor is a spacious 4 bed, 2 bath apartment with 2 living rooms, large kitchen, and large interior terrace perfect for entertaining.
 The building has a great location. It is close to schools, shops, bars, restaurants, and you’re all-round day-to-day amenities. Elda/Petrer is large city around 30 minutes inland from Alicante and is very well connected. There are bus routes, a train station and great access to the A31 Alicante- Madrid motorway. 
Property Features
- 4 bedrooms
- 2 bathrooms
- 600m² Build size
- Balcony
- Air Conditioning
- Garage
- Mains Electric
- Terrace
- storage room
- laundry
- Tarmac Access
- Walking distance
- Mains Sewage
- Drinking Water
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
24,500€
Final Payment of 90% on completion
247,500€
Property Purchase Expenses
Property price
275,000€
Transfer tax 8%
22,000€
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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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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