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Ref: 674760
Property marketed by Girasol Assen B54983077
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Attention investors! Fantastic opportunity to acquire premises with good rental potential in a prime location. Sold as one building, it is currently split into 2 units. The first floor has an entrance with marble stairs leading up to what was until recently a hairdressers in the main room. There is a W.C and area where the sinks were but could easily have a small kitchen reinstalled. Patio doors access a small terrace. The separate ground floor is in good condition with one main room and a small room to the rear. There is a storage room and a W.C. There is feature lighting and new ducted air conditioning too. The property could very easily be converted back into one if larger premises were required. Both units already have interested parties for rent, which is reassuring for any investor.Close to Villamartin on the Orihuela Costa, Villacosta is 2 minutes walk from the very popular La Fuente commercial Centre in one direction, and Mercadona supermarket 1 minute walk in the other, so the footfall past these premises is extremely high both during the day and evening. Don´t miss this opportunity!
Property Features
- 0 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,500€
Final Payment of 90% on completion
175,500€
Property Purchase Expenses
Property price
195,000€
Transfer tax 8%
15,600€
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.