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Ref: TV400
Property marketed by Estate Agents Pérez-Oglietti
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Spacious town house for sale near the area of La Rabitilla (at the end of Las Protegidas). The house is divided into 2 floors; The lower floor has been converted into a 2 bedroom apartment, but before it was a bar so you can use it again as a local and set up your own business. This floor consists of a large living room, kitchen, dining room, 2 bedrooms and bathroom with shower; On the upper floor there is a second house that consists of a large independent kitchen with access to a terrace facing west and views of the street, a living room from which you can access a private interior patio and from which you go up to the upper terrace, 3 bedrooms and a bathroom. The property is very bright and has great potential, it can be converted into a B&B or you can open a business on the ground floor and live on the top floor.
Property Features
- 5 bedrooms
- 2 bathrooms
- 233m² Build size
- Sun/facing : East
- Views : Beach/sea
- Private patio
- Terrace/balcony
- Built-in kitchen
- Closeby : Street/market
- Closeby : Restaurants/bars.
- Closeby : School
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,990€
Final Payment of 90% on completion
179,910€
Property Purchase Expenses
Property price
199,900€
Transfer tax 10%
19,990€
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.