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Ref: TLC019
Property marketed by Competa Properties S.L.
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This business property is centrally situated in the busy sea resort of Torrox Costa, within an urbanisation which is busy all year-round. There is parkiing close by and in the adjoining streets from the main road. The property is only a minute’s walk to the sea.
The property is about 37m2 big, it has a spacious saloon with an open bar and large windows that bring in light to the property, a bathroom with a shower and a kitchen equipped with a microwave, a toaster, a fryer, a grill and a potato roaster.
Being in a superb location in a frequented area of the resort and also water and electricity already connected, this is an excellent opportunity as an investment for someone who wants to continue on with the business.
The property is about 37m2 big, it has a spacious saloon with an open bar and large windows that bring in light to the property, a bathroom with a shower and a kitchen equipped with a microwave, a toaster, a fryer, a grill and a potato roaster.
Being in a superb location in a frequented area of the resort and also water and electricity already connected, this is an excellent opportunity as an investment for someone who wants to continue on with the business.
Property Features
- 0 bedrooms
- 1 bathroom
- 37m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,700€
Final Payment of 90% on completion
69,300€
Property Purchase Expenses
Property price
77,000€
Transfer tax 10%
7,700€
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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