5 bedroom Other for sale in Torrevieja, Alicante, Spain

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Ref: AG19151463

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Unique opportunity in Torrevieja! This impressive 550 m² building is located in an unbeatable location, just 600 meters from the beach. The property has been completely renovated and has five double bedrooms and five bathrooms, ideal for a large family or to convert into an accommodation business. It has central air conditioning, an elevator and a bright penthouse with a solarium that offers spectacular views. The building also includes a balcony perfect for enjoying the Mediterranean climate and is surrounded by all the amenities you could need: supermarkets, medical centers, parks and more. In addition, its central location in a transit area guarantees easy access to all services. There are no tenants, so you can move in or start your project immediately. Don't miss this investment opportunity in one of the most sought-after areas of Torrevieja!

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Property Features

5 bedrooms
5 bathrooms
550m² Build size
Solarium
Aircondition, Split system
Elevator

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

117,000€

Final Payment of 90% on completion

1,080,000€

Property Purchase Expenses

Property price

1,200,000€

Transfer tax 8%

96,000€

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:

1,200,000€

Deposit:

€

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Period:

Mortgage Result

* 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%.