Land for sale in Santa Margalida, Mallorca, Spain

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Ref: M270576

Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )

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Urban plot located next to the viewpoint of the church of Santa Margalida, a few steps from the town center. The plot, is located on a small hill with an orientation to the east, which allows a view of the Serra de Tramuntana from an unbeatable perspective. The plot is completely enclosed with masonry masonry wall and it has a steep slope, which would allow it to be built in a staggered way, giving the possibility that each built house has good clear views. The buildability of the site is as follows: Minimum plot to build - 100 m2. Minimum façade - 20 mts. Maximum buildability - 6 m3 / m2. Maximum height - 10 meters (basement, ground floor + 2 floors. Maximum occupancy - 60%. Retranqueo of 5 mts. Uses - Housing, civic-social equipment and commercial premises on the ground floor and basement. Index of intensity (there is not).

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Property Features

0 bedrooms
0 bathrooms
1,658m² Plot size
Light
Water
X

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

54,750€

Final Payment of 90% on completion

519,750€

Property Purchase Expenses

Property price

577,500€

Transfer tax 10%

57,750€

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.

Mortgage Calculator

Mortgage Amount:

577,500€

Deposit:

€

Interest Rate:

Period:

Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.