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Ref: AG19151429
Property marketed by Spain Property Shop S.L
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This commercial property is sold unfinished, allowing the new owner to complete it as they wish. It features multiple large shutters at the entrances and a ceiling height of 4.4 meters, offering great potential. Currently used as storage, the space can be converted into a business or renovated into a residence.The buyer will need to arrange for electricity and water services. It is situated in a great location, close to all amenities, including the municipal football field and a children's park right across the street. There are no community fees, and the annual property tax (IBI) is just €115, with facade insurance costing €30 per year.
Property Features
- 0 bedrooms
- 0 bathrooms
- 84m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
5,300€
Final Payment of 90% on completion
74,700€
Property Purchase Expenses
Property price
83,000€
Transfer tax 8%
6,640€
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.