Other for sale in Orihuela Costa, Alicante, Spain

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Ref: AG19151571

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The commercial premises are currently divided into two rented units, one operating as a pharmacy and the other as a signage and car rental business. Additionally, there is a large open outdoor area currently used for the purchase, sale, and rental of vehicles.

Located in front of the renowned and bustling Plaza de Villamartin, which is home to numerous well-established businesses, the property is just a few meters from the golf course and adjacent to the upcoming PAU-7 development, which includes plans for 3,000 new homes.

This presents an exceptional business opportunity with strong potential for property appreciation.

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Property Features

0 bedrooms
1 bathroom
394m² Build size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

43,000€

Final Payment of 90% on completion

414,000€

Property Purchase Expenses

Property price

460,000€

Transfer tax 8%

36,800€

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:

460,000€

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%.