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Ref: M269300
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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This investment project presents a townhouse in the charming village of Ojen, with breathtaking mountain views and great potential. The property is distributed over a ground floor, first floor, and a basement with a semi-basement level, accessible via an internal staircase. with the possibility of adding a solarium!The ground floor comprises a porch-lobby, kitchen, distributor, living room, hallway, 2 bedrooms, and 2 bathrooms, with a total built area of 100 m2. Accessible via a Mediterranean staircase from the basement, the first floor includes 4 bedrooms and a bathroom connected by a corridor, offering the possibility of dividing the property into 2 separate apartments and a commercial area.The basement, with a constructed area of 150 m2, can accommodate up to 4-5 cars or be converted into commercial premises. The semi-basement floor, with direct access from the road, can be transformed into open-plan commercial premises. Given the successful conversion of most garages on the same road into commercial shops, this presents a lucrative opportunity.The total area of the property is around 350 m2, making it ideal for a touristic investment due to its central location in the authentic village of Ojen, stunning views, and double entry to the building.Contact for further information!
Property Features
- 6 bedrooms
- 4 bathrooms
- 350m² Build size
- 100m² Plot size
- fireplace
- mountain views
- Balcony
- Underbuild
- Close to Amenities
- Good Rental Potential
- Store room
- countryside views
- Distant Sea Views
- Open Views
- Walking distance to shops and restaurants
- Sunny Orientation
- Orientation: South-East
- Distance to beach: 15 Minutes
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
35,500€
Final Payment of 90% on completion
346,500€
Property Purchase Expenses
Property price
385,000€
Transfer tax 10%
38,500€
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.