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Ref: JAD-46684
Property marketed by OLIVIA REAL ESTATE
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How can we help you?:
We can offer this unique oppertunity to own a first floor apartment with commercial unit below, with the possibility to convert to a large house.This entire unit offers 200 m2 of space the apartment offering two bedroooms and a modern bathroom, there is a lounge/dining room with access to the balcony, there is a modern fully fitted kitchen with seperate utility area. The commercial below unit offers the chance to convert two other rooms into bedrooms and there is another bathroom.This would give the five bedrooms and two bathrooms if converted back to a house.Located in the heart of Almoradi it is within walking distance to all shops, bars and aminities.
Property Features
- 3 bedrooms
- 2 bathrooms
- 200m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
9,500€
Final Payment of 90% on completion
112,500€
Property Purchase Expenses
Property price
125,000€
Transfer tax 8%
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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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.