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Ref: M270276
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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THIS PROPERTY IS IN ONE OF THE MOST BUSY AREA ALL TROUGH THE YEAR WITH LOTS OF TOURISTS VISITING AND RENTING.THE BASEMENT CAN BE USED AS A COMMERCIAL AREA, WHILST THE FIRST FLOOR AND THE SECOND FLOOR HOLDS AN APARTMENT VERY EASY TO RENT OUT. THE BASEMENT IS 49 M2 AND HAS A TOILET AND THE WINDOWS TO ONE OF THE MAIN-STREETS OF LA CARIHUELA. ON TOP OF THIS AREA THERE IS AN APARTMENT WITH A SMALL LOUNGE AND KITCHEN, TWO BEDROOMS AND A BATHROOM. LEADING ONTO THE ROOF TERRACE WHERE ANOTHER BEDROOM IS FOUND.THIS PROPERTY IS GREAT FOR A LONG TERM INVESTMENT AND HAVE TWO BUSINESSES IN ONE.
Property Features
- 3 bedrooms
- 1 bathroom
- 117m² Build size
- Close To Sea
- Sea View
- Condition - Good
- Orientation - South
- Setting - Close To Shops
- Views - Beach
- Category - Resale
- Category - Holiday Homes
- Kitchen - Fully Fitted
- Features - Near Transport
- Setting - Commercial Area
- Features - Private Terrace
- Utilities - Electricity
- Features - Utility Room
- Utilities - Drinkable Water
- Climate Control - Air Conditioning
- Utilities - Telephone
- Features - Guest Apartment
- Utilities - Gas
- X
- Fully Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
42,000€
Final Payment of 90% on completion
405,000€
Property Purchase Expenses
Property price
450,000€
Transfer tax 10%
45,000€
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.