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Ref: M270543
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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This is a great opportunity to purchase a business premises with living accommodation above. To the ground-floor there is a fully fitted restaurant/bar with industrial kitchen, air conditioning, walk-in fridge etc. and 3 toilets.Above there’s a 2 bedroom apartment with lounge, independent kitchen and bathroom. Additionally there are a further 3 rooms requiring reform.The restaurant area requires only cosmetics and a few minor repairs to bring it up to operating standard. The accommodation above is in good condition for normal living.3 opportunities in 1!
Property Features
- 2 bedrooms
- 4 bathrooms
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
6,900€
Final Payment of 90% on completion
89,100€
Property Purchase Expenses
Property price
99,000€
Transfer tax 8%
7,920€
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.