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Ref: AG19151582
Property marketed by Spain Property Shop S.L
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Price: €155,000Area: 210 m²Condition: Under full renovation, will be delivered open-plan with new finishesPossibility of conversion to residential useThis is a great opportunity to acquire a 210 m² commercial space currently undergoing renovation, located in a strategic area with high foot traffic. The space offers various potential uses, ranging from retail or office space to even converting it into a residential property. We have an architect available to assist with the entire conversion process.The property is currently under renovation but will be delivered with the following new finishes:• Newly installed flooring• High-quality new windows• Open-plan space, ready to be adapted to suit your project needsAlthough the current photos show the space during renovation, upon completion it will be delivered in perfect condition, allowing you to take advantage of its versatility and great potential.This space is ideal for both investors and those looking for a commercial space or a property to transform into a modern, spacious residence. Its location and flexible usage options make this property a unique opportunity.Don’t miss the chance to acquire a renovated property at a competitive price!For more information or to schedule a viewing, please don’t hesitate to get in touch.
Property Features
- 0 bedrooms
- 0 bathrooms
- 210m² Build size
- 234m² Plot size
- Near bus route
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
12,500€
Final Payment of 90% on completion
139,500€
Property Purchase Expenses
Property price
155,000€
Transfer tax 8%
12,400€
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.