1 bedroom Commercial Property for sale in Alcala la Real, Jaén, Spain

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Ref: CM170

Property marketed by Inland Andalucia

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This commercial size 76m2 build garage is situated in the popular historical city of Alcala la Real in the south of Jaen province in Andalucia, Spain. The present owner has installed a kitchen and a bathroom in readiness to convert the property into a residential ground floor apartment. The property has town water but electricity will need connecting, but once the full conversion is finished this will be a good size, easy living one level residence in a sought after location.

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Property Features

1 bedroom
1 bathroom
76m² Build size
74m² Plot size
Close to Amenities
Internet
Just needs updating
Off Road Parking
On Street Parking
Part Furnished
Private Garage
Separate Diner
Storage Room

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

9,000€

Final Payment of 90% on completion

108,000€

Property Purchase Expenses

Property price

120,000€

Transfer tax 10%

12,000€

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.

Mortgage Calculator

Mortgage Amount:

120,000€

Deposit:

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* 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%.