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Ref: AG19149817
Property marketed by Spain Property Shop S.L
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Commercial premises for sale, located in the Cabo Cervera area. One block from the famous Playas de Torrevieja hotel and just 100 meters from the sea and a 10-minute walk from Playa de la Mata. It has an area of 300m². It has two huge living rooms and a kitchen that practically connects with both spaces. In addition, it has an outdoor terrace of more than 15m². For more information do not hesitate to contact us as soon as possible.
Property Features
- 0 bedrooms
- 0 bathrooms
- 300m² Build size
- Sea front
- Aircondition, Split system
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,000€
Final Payment of 90% on completion
162,000€
Property Purchase Expenses
Property price
180,000€
Transfer tax 8%
14,400€
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%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.