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Ref: CT-78016
Property marketed by Vivacosta
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Excellent commercial premises at street level in a recently built building. The premises are prepared for the use that the client wants to make, it has 645m2 on the ground floor and on the mezzanine floor it has 305.49m2. It is on one of the busiest avenues and a few meters from the beach. It benefits from an elevator, 10 parking spaces can be purchased for €12,000.!!
Property Features
- 0 bedrooms
- 0 bathrooms
- 950m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
87,000€
Final Payment of 90% on completion
810,000€
Property Purchase Expenses
Property price
900,000€
Transfer tax 8%
72,000€
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.
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Spanish Property News & Updates by Spain Property Portal.com
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.