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Ref: AG19151551
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A spacious commercial property of 247 m² with high ceilings (2.90 m), located on a busy street between two popular beaches. This unique space offers great potential for both business or residential purposes. Preliminary permission has already been granted to divide the space into two apartments, with the possibility to create up to three. The property features two separate entrances, three large front-facing windows, and three more windows facing the garden, filling the space with plenty of natural light and air. The open and flexible layout allows for a variety of uses. Additionally, there is a small but charming garden where a fig tree grows, making it an ideal spot for outdoor dining or creating a cozy relaxation area.
Property Features
- 0 bedrooms
- 1 bathroom
- 247m² Build size
- Garden
- Sea front
- Near bus route
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,000€
Final Payment of 90% on completion
153,000€
Property Purchase Expenses
Property price
170,000€
Transfer tax 8%
13,600€
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.