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Ref: M270615
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Excellent commercial property located a few meters from the seafront and the beach of Playa Flamenca (Orihuela Costa). It has 160 m2 built distributed in 4 large rooms offering the possibility of dividing into 2 different units with independent access. Its location at the foot of the street is privileged because the area has a large influx of foreign tourists throughout the year, also having an Apartahotel on it.The place is located on the corner with a facade of 14 linear meters. Perfect for offices or any type of business. It also has 50 m2 of front terrace facing the street. Excellent investment opportunity in one of the best areas of Orihuela Costa.
Property Features
- 0 bedrooms
- 1 bathroom
- 160m² Build size
- terraza
- Accesible
- 0 bedrooms
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
28,100€
Final Payment of 90% on completion
279,900€
Property Purchase Expenses
Property price
311,000€
Transfer tax 8%
24,880€
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.