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Ref: M270719
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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A fantastic business opportunity . This country house has been beautifully restored in a traditional Spanish style and located in a central location in Pinoso within walking distance of all amenities. Upstairs there is a master bedroom with ensuite, a guest room with ensuite, a large kitchen, lounge and on the mezzanine floor there is an office space. Downstairs is currently being ran as a bar where there is a large kitchen, a spacious bar and dining area. There are a further 2 dining rooms which could also be utilised for private functions if required. " further snugs and a large garage which is currently being used for storage but also gives access to the upstairs room which could be used as a separate guest annexe
Property Features
- 3 bedrooms
- 0 bathrooms
- 540m² Build size
- 50m² Plot size
- Air Conditioning
- Satellite TV
- Utility Room
- fireplace
- Mains Sewerage
- White Goods
- Entrance Hall
- Security Grills
- Courtyard
- X
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
31,900€
Final Payment of 90% on completion
314,100€
Property Purchase Expenses
Property price
349,000€
Transfer tax 8%
27,920€
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.