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Ref: SC4E-48446
Property marketed by NERJA BEACH PROPERTIES
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It is a garage that can be used as commercial premises, as are other similar ones in the area. Near the beach and in the commercial area of Torrox Costa. A good opportunity to install your business.
Property Features
- 0 bedrooms
- 0 bathrooms
- 24m² Build size
- Wifi : Yes
- Wheelchair accesible : Yes
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : Drugstore
- Closeby : School
- Closeby : Shopping ctr.
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,000€
Final Payment of 90% on completion
90,000€
Property Purchase Expenses
Property price
100,000€
Transfer tax 10%
10,000€
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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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.