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Ref: AG19139351
Property marketed by Spain Property Shop S.L
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This well-located hostel in Javea at the foot of the Montgo has everything you are looking for as an investor.There are 16 spacious double rooms, 4 of which are expandable into family rooms, and 1 is wheelchair accessible. Each room has an ensuite bathroom and a private terrace with seating area.From the check-in desk, guests have access to the common space with large lounge, separate sitting areas, a double-equipped user-friendly kitchen and a distinct dining room.On the underground floor we find 2 large multipurpose rooms, various storage rooms and a goods elevator.Outside, there is a 14 x 5 swimming pool with ample sunbathing area and sunbeds for all guests.On-site and off-site parking is provided.The Hostel can be upgraded to a 3-star hotel without investment, with minor adjustments even to a 4-star hotel.The location is central, just 10 minutes from the beach, 5 minutes from the village, in the middle of one of the most beautiful and bicycle friendly areas of the Costa Blanca.The property is sold fully furnished and decorated, including spare furniture.
Property Features
- 16 bedrooms
- 16 bathrooms
- 1,216m² Build size
- 2,829m² Plot size
- Alarm system
- Secure door
- Double glazing
- Satellite TV
- Laundry room
- Aircondition, Split system
- Parking, Uncovered
- Elevator
- Outdoor shower
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
267,000€
Final Payment of 90% on completion
2,430,000€
Property Purchase Expenses
Property price
2,700,000€
Transfer tax 8%
216,000€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.