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Ref: M270016
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Ideal house in the center of 3 floors with two large terraces just 5 minutes walk to the beach. The property is divided into a ground floor with a full bedroom, toilet and a beautiful traditional outdoor patio so it is very bright. Then we go up a staircase and we have another 2 bedrooms on the left, with a living room, kitchen, full bathroom; and on the right another currently empty bedroom and living room. Then we have a long balcony with direct views of the city to get some fresh air and observe the life of the city. The house is very bright on all its floors. Then we go up and we have another bedroom, another complete living room and a toilet. In addition to an area used as a storage room. At the top it has a huge terrace that occupies the entire surface of the property; Ideal for sunbathing, exercising, using as a solarium and on top of the terrace another one, so the amplitude is very extensive. The property is located in the heart of the city of Estepona, right in the center, in one of the best areas; being one of the most frequented streets of the city; with different shops, shops, supermarkets, restaurants, pharmacies. It also has many possibilities to establish businesses. The property needs reform as can be seen in the photos, or you can completely rebuild it. It is an ideal opportunity for investors, builders, hoteliers. An investment to turn it into a hotel, aparthotel, holiday apartments.
Property Features
- 6 bedrooms
- 4 bathrooms
- 278m² Build size
- 151m² Plot size
- Close To Sea
- Setting - Close To Shops
- Setting - Close To Town
- Setting - Close To Schools
- Features - Fiber Optic
- Category - Investment
- Category - Resale
- Parking - Street
- Features - Near Transport
- Setting - Commercial Area
- Setting - Town
- Features - Private Terrace
- Setting - Close To Marina
- Setting - Close To Port
- Orientation - South East
- Setting - Beachside
- Features - Restaurant On Site
- Category - Distressed
- Condition - Renovation Required
- Condition - Restoration Required
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
81,000€
Final Payment of 90% on completion
756,000€
Property Purchase Expenses
Property price
840,000€
Transfer tax 10%
84,000€
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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