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Ref: M269415
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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Unique investment opportunity: commercial premises 394 m² located in the center of Villamartín, currently divided into two premises plus large outdoor parking area.Description: commercial premises currently divided into two commercial premises, already rented (pharmacy and signs/rent a car) .In addition to a large open outdoor area intended for currently purchasing, selling and renting vehiclesSituated in front of the famous and busy Villamartin Plaza (with a large number of consolidated businesses for years), a few meters from the golf course and next to the next partial plan Pau-7 (with a projection of 3000 homes for construction).
Property Features
- 0 bedrooms
- 0 bathrooms
- 394m² Build size
- Air Conditioning
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
43,000€
Final Payment of 90% on completion
414,000€
Property Purchase Expenses
Property price
460,000€
Transfer tax 8%
36,800€
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.