Commercial Property for sale in Orihuela, Alicante, Spain

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Ref: 2202050711667

Property marketed by Spanish Legal Homes

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¡UNiQUE OPPORTUNiTY iN TORREMENDO! 800 sqm plot in the urban center of Torremendo, Orihuela Costa, Alicante.Land Description:Area: 800 sqm of 100% buildable urban land.Offered Price: 480,000 euros.Housing Project:Approved Preliminary Project: Possibility to develop a project with 16 homes distributed over two levels with a solarium.Distribution: 8 homes on the ground floor and 8 on the first floor.Functional Design: Each home consists of 2 bedrooms, 2 full bathrooms, a kitchen with a breakfast bar, a spacious living-dining room, and a terrace.Additional Storage: All homes include a storage room on the solarium level.Additional Features:Ground-Floor Homes: Expandable front terrace for enjoying the outdoors.First-Floor Homes: Private solarium accessible from the terrace.Unbeatable Location:Urban Center: The plot is located in the heart of the charming village of Torremendo.Picturesque Project: Enjoy the tranquility and authenticity of this picturesque village.This is a unique opportunity to invest in a housing project in a privileged location. Feel free to contact us for more details or to schedule a visit to the land!CBS2403EAS/11667

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Property Features

0 bedrooms
0 bathrooms
800m² Plot size
Vistas al mar

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

45,000€

Final Payment of 90% on completion

432,000€

Property Purchase Expenses

Property price

480,000€

Transfer tax 8%

38,400€

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.

Mortgage Calculator

Mortgage Amount:

480,000€

Deposit:

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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.