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Ref: M270483
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Town house in the heart of Arta, located a few steps from the square where a wide variety of restaurants, bars and shops are located and where the weekly market is held. The property is located on an "L" shaped plot with access through a pedestrian street and another street with little traffic. The 3-storey house is distributed in a wide entrance hall, living room with fireplace and direct access to a small basement, dining room with direct access to the patio and independent kitchen fully furnished and equipped with appliances and direct access to the patio with garden, 1 bathroom with bathtub and utility room. Patio with direct access to a large garage with space for 2 vehicles. There is also a living room with a fireplace and with access to another separate kitchen fully furnished and equipped with appliances. From the garage there is access by a staircase to an upper floor that is distributed in 2 spacious rooms without defined use. From the distributor of the house is accessed by a marble staircase and wooden railing, to the first floor which is distributed in 1 double bedroom with toilet. The second floor is distributed in 3 double bedrooms, 1 bathroom with bathtub and a large living room. From the second floor there is access by the same staircase to a terrace with unobstructed views of the town. The house needs a reform and is sold fully furnished. Ideal property for investors, due to the location of the house in a commercial pedestrian street, with the possibility of reforming as any type of business on the ground floor and 2 completely independent houses on the upper floors. Not included in the price are the taxes corresponding to the purchase and sale of the property, nor the notary and property registry expenses.
Property Features
- 4 bedrooms
- 2 bathrooms
- 351m² Build size
- 248m² Plot size
- Beachside
- Garage
- Telephone
- Garden
- Terrace
- Appliances
- Storeroom
- Kitchen Indep.
- Ceilings
- Light
- Water
- porch
- Balcon
- Furniture
- T. V.
- High Ceilings
- Pantry
- double garage
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
57,000€
Final Payment of 90% on completion
540,000€
Property Purchase Expenses
Property price
600,000€
Transfer tax 10%
60,000€
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.