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Ref: AG19145286
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Are you looking for an investment opportunity in the tourism sector? Would you like to own your own hotel in one of the most sought-after areas on the Mediterranean coast? Don’t miss this unique opportunity!A 1-star hotel is for sale in the center of Torrevieja, just 800 meters from the sea. The hotel features 25 rooms and 25 bathrooms, all equipped with air conditioning, television, Wi-Fi, and a safe. The building has 6 floors and includes an elevator, bar, dining room, kitchen, laundry, and machinery room. Everything is in good condition and ready to operate.The hotel boasts an excellent location, close to the beach, the harbor, the promenade, and the shopping center. It is ideal for holiday rentals, as Torrevieja is a very popular destination among both national and international tourists. You can enjoy warm weather all year round, a diverse gastronomy, and a wide range of cultural and leisure activities.Don’t hesitate any longer—seize this business opportunity! Contact us today, and we will provide you with all the details!
Property Features
- 0 bedrooms
- 0 bathrooms
- 1,103m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
147,000€
Final Payment of 90% on completion
1,350,000€
Property Purchase Expenses
Property price
1,500,000€
Transfer tax 8%
120,000€
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.