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Ref: AG19149662
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Raw commercial premises, located in the municipality of Formentera Del Segura belonging to the province of Alicante. It has a constructed area of 80 m2. It has its own independent access, all exterior. It is located on the ground floor, in a building that has three floors above ground. Year of construction 2006. In its surroundings it is worth highlighting: - The Municipal Sports Center - City Council of the Formentera Del Segura municipality. - Supermarkets and other shops and services are located less than 300m away. It has easy access to regional roads and the AP-7 highway. The Altet - Alicante international airport is approximately forty minutes away by car, 40km.
Property Features
- 0 bedrooms
- 0 bathrooms
- 80m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,090€
Final Payment of 90% on completion
72,810€
Property Purchase Expenses
Property price
80,900€
Transfer tax 8%
6,472€
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.