Commercial Property for sale in Cox, Alicante, Spain

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Ref: 2202050811667

Property marketed by Spanish Legal Homes

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DESCRiPTiON: Urban plot located in the town of Cox, Alicante, offering 3,517.75 square meters of land. .PROJECT DETAiLS: The development comprises 50 homes, divided into four phases of execution. Currently, the 1st phase is in the development stage, consisting of 12 homes. Two of them are fully finished and serve as model homes, while the rest are completed in terms of structure, partition walls, roofs, and water cover.The homes feature two bedrooms, two full bathrooms, a kitchen with a breakfast bar, a spacious living-dining area, and a terrace.Ground-floor units have a small front garden and a rear patio, while the upper-floor units boast a solarium and a storage room.All residences are part of a private and gated complex with gardens and a communal pool.The location is in the expansion area of Cox, Orihuela.CBS2404EAS/11667

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Property Features

0 bedrooms
0 bathrooms
3,517m² Plot size
Vistas al mar

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

187,000€

Final Payment of 90% on completion

1,710,000€

Property Purchase Expenses

Property price

1,900,000€

Transfer tax 8%

152,000€

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.

Mortgage Calculator

Mortgage Amount:

1,900,000€

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%.