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Ref: TTH531
Property marketed by Competa Properties S.L.
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This Town House is located in the Protegidas area of the town of Torrox. The Town House was originally a bar with the family apartment above.
In recent years the bar was converted into a 2 bedroom apartment, but it can easily be used for any business enterprise. Perfect for anyone who wants to start a business and l¡Ive above.
The ground floor, which has entrances from 2 different streets, includes a large lounge area, a very large kitchen-dining room, 2 interconnected double bedrooms, and a shower room.
The first floor apartment has: A spacious separate kitchen with access to a terrace facing the road with mountain views, a lounge facing the interior patio, 3 double bedrooms, a large family bathroom, the interior courtyard or patio and stairs up to the roof terrace where you can enjoy morning and evening sun.
In recent years the bar was converted into a 2 bedroom apartment, but it can easily be used for any business enterprise. Perfect for anyone who wants to start a business and l¡Ive above.
The ground floor, which has entrances from 2 different streets, includes a large lounge area, a very large kitchen-dining room, 2 interconnected double bedrooms, and a shower room.
The first floor apartment has: A spacious separate kitchen with access to a terrace facing the road with mountain views, a lounge facing the interior patio, 3 double bedrooms, a large family bathroom, the interior courtyard or patio and stairs up to the roof terrace where you can enjoy morning and evening sun.
Property Features
- 5 bedrooms
- 2 bathrooms
- 200m² Build size
- 118m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
18,500€
Final Payment of 90% on completion
193,500€
Property Purchase Expenses
Property price
215,000€
Transfer tax 10%
21,500€
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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