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Ref: BGA-80927
Property marketed by Vivacosta
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This townhouse has a prime location for people looking for an investment. The property is a stone’s throw from the sandy beach in the Arenal, where you can also find several cosy bars, restaurants and shops. Also several sports facilities like tennis and padel courts are just around the corner. The ground floor consists of two flats, each with a private entrance. The flats are also connected internally through a door that can be locked which makes it extra convenient for maintenance or for large families who want to combine the two flats. The first flat has a living-dining room with an open-plan kitchen, a bathroom and two double bedrooms. The second flat has a living-dining room, a bathroom and one double bedroom. On the first floor comprises a spacious living-dining room, a fully equipped open-plan kitchen, a double bedroom, a walk inn dressing room and a bathroom. Extra storage space is provided in the stairwell. One more floor up is another double bedroom with access to a large roof terrace. All three apartments are air-conditioned and each dwelling has a washing machine. The property has a rental licence. Currently both flats have rental contracts for one year ( until end of September 2025). With the possibility of a 5-year extension. The monthly income of the two-bedroom flat is €950/month and of the one-bedroom apartment €700/month. This income will be for the new owner once officially bought. The upper flat has the potential to be rented out for a monthly income of €1200-€1300. The furniture and electrical household appliances are included in the price. Don’t miss this unique opportunity to get a property which will generate you a steady income just a few steps from the arenal! More information on request.
Property Features
- 5 bedrooms
- 3 bathrooms
- 223m² Build size
- 250m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
46,500€
Final Payment of 90% on completion
445,500€
Property Purchase Expenses
Property price
495,000€
Transfer tax 8%
39,600€
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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